(Reuters) -Amazon.com is shelving several private clothing brands, a source familiar with the matter said on Thursday, as the e-commerce giant tries to cut costs and address antitrust scrutiny. The move was first reported by the Wall Street Journal, which…
By Jonathan Stempel (Reuters) - Robinhood Markets on Thursday defeated an appeal by investors over the stock trading platform's decision to restrict purchases of 13 "meme stocks" during a January 2021 frenzy that squeezed hedge funds. Customers who owned stocks…
(This Aug. 9 story has been corrected to rectify the details on price increases for plans after the company clarified, in paragraph 2) (Reuters) - Verizon Communications is raising prices on some of its wireless plans as the No. 1…
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave…
By Casey Hall and Yuvraj Malik (Reuters) -China's Alibaba Group Holding reported its strongest quarterly revenue growth in almost two years on Thursday as its domestic e-commerce unit focuses on low-cost products to attract consumers amid a sober economic environment.…
(Reuters) - Biotech firm Amyris Inc on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S. court and is planning to sell its consumer brands to improve the company's liquidity position. Amyris said it has secured a…
By Milana Vinn (Reuters) - The private equity owner of Intermedia Cloud Communications is exploring options including a sale that could value the communications services provider at more than $1 billion, including debt, according to people familiar with the matter.…
By Ann Saphir (Reuters) - Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday, after a U.S. government report showed consumer prices rose only…
By Mark Miller (Reuters) - Should you keep working as you get older, or retire and claim Social Security when you first become eligible for benefits? Some people do both, and not necessarily by choice. Twenty percent of older workers…
(Reuters) -Ride-sharing platform Lyft will start displaying advertisements on its app, the company said in a blog post on Thursday as it looks to create a more stable source of revenue. The move will help Lyft, whose business is completely…
