LONDON (Reuters) -Apple Inc on Wednesday lost a bid to block a mass London lawsuit worth up to $2 billion which accuses the tech giant of hiding defective batteries in millions of iPhones. The lawsuit was brought by British consumer…
By Lewis Krauskopf NEW YORK (Reuters) - A slide in the shares of the massive U.S. technology and growth companies that have led stocks higher this year is tempting investors hoping for bargains ahead of results from market bellwether Apple.…
By Deborah Mary Sophia (Reuters) -Yum Brands topped Wall Street estimates for third-quarter results on Wednesday as a reboot of popular menu items at Taco Bell and promotional deals at KFC pulled in more budget-strapped customers looking for cheaper restaurant…
By Lucia Mutikani WASHINGTON (Reuters) - U.S. manufacturing contracted sharply in October after showing signs of improvement in prior months as new orders and employment slumped, likely reflecting strikes by the United Auto Workers (UAW) union against Detroit's Big Three…
(Reuters) -Federal Reserve policymakers have telegraphed no change to the current 5.25%-5.50% target range for short-term interest rates at their two-day meeting starting Tuesday. But they will have a robust debate about the U.S. outlook and what policy response might…
By Siddharth Cavale NEW YORK (Reuters) - U.S. retail chain Walmart on Monday said it is investing more than $9 billion over a two-year period to upgrade and modernize some U.S. stores with improved layouts, expanded product selections and new…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Nvidia Corp dropped by about 5% to a near five-month low on Tuesday following a Wall Street Journal report that the artificial intelligence (AI) giant may be forced to cancel up to…
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Stellantis said on Tuesday it would seek to offset a significant financial hit from strikes in North America that led to big pay increases, including looking at potential cost cuts. Unions' coordinated…
By Bianca Flowers and Shivansh Tiwary (Reuters) -Caterpillar reported a double-digit rise in profit on Tuesday, beating Wall Street estimates on solid construction equipment sales in North America, but its shares slid in early trading on signs of slowing machinery…
By Natalia Siniawski (Reuters) - Brazilian brewer Ambev SA on Tuesday reported a 19.3% jump in net profit on an organic basis, lifting its shares as lower aluminum prices and favorable exchange rates offset a dip in sales volumes. The…
