Xponential denies short-seller’s allegations, says franchisee economics ‘strong’
(Reuters) – Xponential Fitness on Wednesday denied allegations made by Fuzzy Panda Research that the fitness chain was hiding losses…
2023
Wall St Opens Lower As Chip Stocks Fall, Powell In Focus
(Reuters) – Wall Street opened lower on Wednesday, pressured by a report the U.S. could curb sales of artificial intelligence…
Lukashenko says Putin wanted to ‘wipe out’ Prigozhin during mutiny attempt
By Guy Faulconbridge, Lidia Kelly MOSCOW (Reuters) -Belarusian President Alexander Lukashenko said he persuaded Russian President Vladimir Putin not to…
EU proposes payments sector shake-up to boost fintechs
By Huw Jones LONDON (Reuters) -The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing…
Asset management firm Oaktree names co-CEOs to replace Wintrob
(Reuters) – Asset manager Oaktree Capital Management L.P. on Wednesday named insiders Robert O’Leary and Armen Panossian as co-CEOs to…
Volkswagen shares recover after EV production cut reports
(Reuters) – Shares in Volkswagen inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker…
China’s industrial profits tumble, deepening economic gloom
BEIJING (Reuters) -Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand…
Databricks rolls out AI assistant to help analyze business data
By Stephen Nellis (Reuters) – Databricks on Wednesday introduced an artificial intelligence assistant intended to help business users ask complicated…
Thomson Reuters To Buy Digital Content Management Company Imagen
(Reuters) – Thomson Reuters will buy Imagen, a digital content asset management company, for an undisclosed price, to expand its…
U.S. to announce action in $2.6 billion health care fraud -statement
WASHINGTON (Reuters) -The U.S. Justice Department will on Wednesday announce results of a nationwide health care fraud and opioid enforcement…