By David Shepardson WASHINGTON (Reuters) -Two U.S. lawmakers on Tuesday asked the Federal Communications Commission (FCC) to address questions about potential security concerns involving cellular modules made by Chinese companies including Quectel and Fibocom Wireless. The Republican chair of the House of Representatives China Select Committee, Mike Gallagher, and the panel’s top Democrat, Raja Krishnamoorthi, in a…
By Tim Reid (Reuters) -Donald Trump will attend the Iowa State Fair this Saturday, his campaign announced on Tuesday, a move likely designed to steal the limelight from his White House rivals, especially Florida Governor Ron DeSantis who will visit the event on the same day. It had not been clear until now that Trump,…
(Reuters) -Take-Two Interactive Software forecast second-quarter net bookings below Wall Street targets on Tuesday, in a sign that spending on games remained under pressure amid inflationary pressures. U.S. spending on videogame content, including new games and character skins, was flat in the first half of the year, while console sales rose 23%, according to data…
By Kanishka Singh WASHINGTON (Reuters) – The U.S. House of Representatives Oversight Committee said on Tuesday it has opened a probe into the Federal Trade Commission’s (FTC) regulation of vision care over concerns about concentration in the insurance market. “The vision insurance market is structured to place only a handful of companies in charge of…
(Reuters) – Bumble shares fell 4% on Tuesday after the dating app owner forecast lackluster third-quarter revenue and posted a jump in expenses, sparking fears that stiff competition with Tinder-owner Match was affecting its business. The operator of Bumble, Badoo, and Fruitz apps said its total operating costs rose more than 7% in the June…
By Sarah N. Lynch WASHINGTON (Reuters) -A federal judge presiding over former President Donald Trump’s trial on charges of trying to overturn the 2020 election has ordered his attorneys and federal prosecutors to appear in court on Friday for a hearing to help determine how evidence can be used and shared in the case. U.S….
By Echo Wang and Anirban Sen NEW YORK (Reuters) – Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday. Amazon’s potential involvement in the IPO, which has not previously been…
(Reuters) – Trucking company Yellow Corp’s assets have attracted significant bidders and their sale could likely surpass the company’s $1.4 billion in secured debt, Fox Business reported on Tuesday, citing people with direct knowledge of the matter. That means stock holders will get a payday if significant unsecured debt creditors do not emerge, Fox Business…
By Dietrich Knauth NEW YORK (Reuters) – The International Brotherhood of Teamsters on Tuesday called for changes to U.S. bankruptcy laws following the Chapter 11 filing of freight trucking company Yellow Corp, saying that workers must not be “left behind” when big businesses fail. The Teamsters union said 22,000 of its members were out of…
By Boureima Balima and Abdel-Kader Mazou NIAMEY (Reuters) -Niger was slapped with more sanctions on Tuesday, hours after its new military leaders rejected the latest diplomatic mission aimed at restoring constitutional order following a July 26 coup. Nigerian President Bola Tinubu ordered the new sanctions through Nigeria’s central bank, aimed at squeezing those involved in…
