Live Nation ‘suffocates its competition,’ US says in monopoly lawsuit
By Sarah N. Lynch, David Shepardson and Mike Scarcella WASHINGTON (Reuters) -The U.S. Justice Department and a group of 30…
May 2024
Off-price retailer TJX posts upbeat Q1, lifts annual profit view on robust demand
By Anuja Bharat Mistry (Reuters) -TJ Maxx parent TJX Cos posted better-than-expected first-quarter results and raised its annual profit forecast…
Putin approves closure of American Express Russian business
MOSCOW (Reuters) – Russian President Vladimir Putin has granted American Express Co the right to “voluntary liquidate” its Russian business,…
Disney strikes deal to sell stake in India’s Tata Play, Bloomberg News reports
BENGALURU (Reuters) – Walt Disney has struck a deal to sell its stake in Tata Play, valuing Indian conglomerate Tata…
JPMorgan poised to pay $100 million over CFTC trade reporting violations, source says
By Chris Prentice and Nupur Anand NEW YORK (Reuters) – The U.S. Commodity Futures Trading Commission is expected as soon…
Cryptocurrencies gain as investors turn optimistic on ether ETFs
LONDON (Reuters) – Ether was set for its largest two-day gain in nearly two years on Tuesday amid speculation about…
Amazon’s cloud unit pauses orders of Nvidia’s most powerful chip, FT reports
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful…
Microsoft to unveil AI devices and features ahead of developer conference
By Max A. Cherney SEATTLE (Reuters) – Microsoft plans to announce several pieces of hardware and software related to consumer…
Drone startup Neros raises funding from Sequoia, eyes supplies to Ukraine, US military
By Krystal Hu (Reuters) – Neros, an autonomous drone startup founded about a year ago, has raised $10.9 million in…
JPMorgan raises 2024 interest income forecast to $91 billion
NEW YORK (Reuters) -JPMorgan Chase on Monday raised its forecast for net interest income (NII), or the difference between what…