By Shivansh Tiwary (Reuters) -American Airlines’ stock is poised for a strong 2025 as the carrier emerges from a challenging year, according to brokerages Jefferies and TD Cowen, who upgraded the stock to a “buy” rating on Monday. Shares of the carrier were up nearly 5% at $17.78 in morning trading. The carrier spent much…
By Matt Tracy (Reuters) – U.S. companies rushed to the corporate bond markets on Monday as what is usually a seasonal fund-raising spree over the first few days of a new year gained extra momentum to get ahead of any further rise in Treasury yields – which would increase funding costs – after jobs data…
(Reuters) – Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by nearly 4% year-over-year, according to a report by Salesforce. Retailers turned to nifty conversational customer services – or chatbots – among others such as targeted promotions, product recommendations and loyalty programs,…
By Sheila Dang (Reuters) – The U.S. Supreme Court will hear arguments on Friday from TikTok and its China-based owner ByteDance, which is seeking to block a law signed by President Joe Biden that will ban the short-form video app beginning Jan. 19 unless it is divested from ByteDance, due to national security concerns. TikTok…
By Jaspreet Singh (Reuters) -Lucid beat expectations for quarterly deliveries, as the Saudi Arabia-backed maker of luxury electric vehicles lowered prices and offered cheaper financing to drive demand, sending its shares up about 3% on Monday. The company handed over 3,099 vehicles in the fourth quarter, compared with estimates of 2,637, according to six analysts…
NEW YORK (Reuters) -Gemini Trust Company agreed to pay a civil penalty of $5 million to settle U.S. Commodity Futures Trading Commission charges in connection with statements it made in connection with its bitcoin futures contract in 2017, a court filing showed on Monday. Gemini also agreed to a permanent injunction, according to the consent…
(Reuters) – Deere & Co strengthened its bet on autonomous machinery by unveiling new tractors and industrial equipment, capable of operating without the need for a human being in the cab, at the CES trade show in Las Vegas on Monday. The world’s largest farm equipment maker is making strides towards automating manual work amid…
(Reuters) – – U.S. Surgeon General Vivek Murthy issued an advisory on Friday calling for alcoholic drinks to carry a label that warns consumers about their cancer risks. Following are key recommendations and conclusions of fact contained in the 21-page advisory, along with page references. Key recommendations * Update the existing surgeon general’s health warning…
By Savyata Mishra and Anna Pruchnicka (Reuters) -Shares of European and American spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on the labels of alcoholic drinks. The consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers, U.S. Surgeon General Vivek Murthy…
By Savyata Mishra and Anna Pruchnicka (Reuters) -Shares of European and American spirits makers and brewers fell on Friday after the U.S. surgeon general called for cancer warnings on the labels of alcoholic drinks. The consumption of alcoholic drinks increases the risk of developing breast, colon, liver and other cancers, U.S. Surgeon General Vivek Murthy…
