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234 summaries

All (234)Corporate (92)Economy (44)Automotive (18)Legal (16)Technology (12)Markets (10)

Amazon Expands One-Hour Delivery to U.S. Cities

Amazon has launched one-hour and three-hour delivery options across more than 2,000 U.S. cities, marking its latest move to compete with instant delivery services like Instacart, DoorDash, and Uber Eats. The e-commerce giant is offering these expedited shipping choices for over 90,000 items, includi

Mar 17, 10:04 AM ET Est. Read: 2 Mins

5 articles from 5 publishers

BusinessEconomy

FTSE 100 Rises as Oil Prices Retreat

The FTSE 100 rose by 0.6% on Monday as falling oil prices lifted market sentiment amid ongoing conflict in the Middle East, according to Reuters. The blue-chip index finished higher after starting the session steadily. Sentiment improved as oil prices turned negative for the day, easing around 1% fo

Mar 17, 5:21 AM ET Est. Read: 2 Mins

12 articles from 3 publishers

BusinessMarkets

Wall Street Tightens Lending as Private Credit Strains Grow

Wall Street banks are tightening lending to private-credit funds as market jitters spread, with concerns over valuations and transparency prompting firms to curb risk. According to Reuters , major U.S. banks have almost $300 billion in loans outstanding to private-credit providers and a further $285

Mar 17, 5:21 AM ET Est. Read: 2 Mins

3 articles from 3 publishers

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Technology

Alibaba Restructures AI Business Amid China's Agent Craze

Alibaba Group is restructuring its artificial intelligence operations as it seeks to capitalize on a growing craze for digital assistants in China. The company announced Monday it will separate its AI businesses from its cloud computing arm and form a new Alibaba Token Hub (ATH) business group led b

Mar 17, 5:21 AM ET·2 min read

4 articles from 4 publishers

Energy

Iraq Resumes Kirkuk Oil Exports via Turkey

Iraq has resumed crude exports from its Kirkuk fields to Turkey’s Ceyhan port via pipeline, based on an agreement between Baghdad and the Kurdistan Regional Government (KRG). The North Oil Company confirmed that initial export capacity will be 250,000 barrels per day . Both sides agreed to form a jo

Mar 17, 5:21 AM ET·1 min read

6 articles from 3 publishers

Economy

Tax Scams Surge During Filing Season

Tax scams have surged this season, with robocalls, phishing emails, and text messages from fraudsters increasing compared to previous years. The Federal Trade Commission's consumer protection bureau attributes this rise to the likely use of artificial intelligence in enhancing fraud attempts. The IR

Mar 16, 4:11 PM ET·1 min read

3 articles from 3 publishers

Labor

Meatpacking Workers Strike JBS Plant in Colorado

About 3,800 workers at a JBS-owned plant in Greeley, Colorado went on strike Monday morning. This marks the first walkout at a U.S. beef slaughterhouse since the 1980s. The United Food and Commercial Workers Local 7 union represents these workers who are demanding higher wages, life-saving safety eq

Mar 16, 1:58 PM ET·2 min read

6 articles from 6 publishers

Corporate

Meta Plans Major Layoffs Amid AI Spending Surge

Meta Platforms is considering laying off up to 20% of its workforce, according to reports from Reuters. The social media giant aims to offset heavy spending on artificial intelligence infrastructure and prepare for greater efficiency brought about by AI-assisted workers. The potential layoffs could

Mar 16, 8:05 AM ET·1 min read

6 articles from 4 publishers

Economy

UK Steelworks Costs Reach £1.3M Daily

The UK government has spent £377 million in nine months to keep British Steel's Scunthorpe site operating, according to a report from the National Audit Office (NAO). The ongoing operations are costing the Department of Business and Trade ( DBT ) about £1.3 million per day, with no set budget, repay

Mar 16, 4:05 AM ET·1 min read

3 articles from 3 publishers

Corporate

UniCredit Moves to Boost Commerzbank Stake

UniCredit, Italy’s second-largest lender, has launched an unsolicited bid to increase its stake in Commerzbank above 30%, according to multiple reports. This move aims to unlock an 18-month stalemate and push the German rival to accept merger talks. The surprise offer implies a value for Commerzbank

Mar 16, 4:05 AM ET·3 min read

6 articles from 3 publishers

Technology

Adobe CEO Exit Sparks Concerns Over AI Strategy

Adobe shares fell more than 7% after the company announced that CEO Shantanu Narayen will step down once a successor is appointed. The news raised concerns about Adobe's strategy to compete in the face of mounting AI competition and disrupted traditional software models. Narayen, who has been CEO

Mar 15, 2:23 PM ET·2 min read

3 articles from 2 publishers

Energy

Fujairah Resumes Oil Loadings After Attack

Oil loading operations at the United Arab Emirates' Fujairah emirate have resumed following a drone attack and subsequent fire on Saturday, according to four sources cited by Reuters. However, it remains uncertain whether these operations have returned to normal levels. The port of Fujairah is a maj

Mar 15, 2:23 PM ET·2 min read

3 articles from 2 publishers

Economy

Jet Fuel Prices Rise Amid Middle East War

Jet fuel prices are rising sharply amid the ongoing war in the Middle East, which is disrupting global oil supplies. This surge is putting financial pressure on airlines as they prepare for the busy summer travel season. The conflict has constrained oil exports from major producers like Kuwait, Saud

Mar 14, 10:13 PM ET·1 min read

3 articles from 3 publishers

Corporate

Trump Administration Poised for $10B TikTok Deal Fee

The Trump administration is reportedly set to receive a $10 billion fee for facilitating the transfer of control of TikTok's U.S. operations from its Chinese parent company, ByteDance, to American investors according to multiple reports . The deal was finalized in January after President Donald Trum

Mar 14, 2:23 PM ET·2 min read

4 articles from 3 publishers

Markets

Prediction Markets Face Scrutiny Over Insider Trading

Prediction markets like Kalshi and Polymarket are facing increased scrutiny over potential insider trading involving U.S. officials and sensitive information. These platforms allow users to bet on political events, including wars and regime changes, raising concerns about the risk of insider trading

Mar 14, 7:32 AM ET·4 min read

4 articles from 4 publishers

Legal

Live Nation Antitrust Trial Resumes

The antitrust trial involving Live Nation Entertainment and its subsidiary, Ticketmaster , resumed Monday in a New York federal court after settlement talks failed to reach an agreement with most states. Seven states—Arkansas, Iowa, Mississippi, Nebraska, Oklahoma, South Carolina, and South Dakota—h

Mar 14, 1:47 AM ET·2 min read

5 articles from 4 publishers

Technology

Apple Lowers App Store Fees in China

Apple announced late on Thursday it would lower the commission fees collected in its App Store in mainland China. The move follows pressure from regulators in the tech company’s second-largest market, as well as global scrutiny of its payment requirements. The new 25% commission will apply to paid a

Mar 13, 3:30 PM ET·2 min read

3 articles from 3 publishers

Trade

US-China Trade Talks Wrap in Paris Ahead of Trump-Xi Summit

Top U.S. and Chinese economic officials concluded two days of trade talks in Paris on Monday, aiming to set agreements for President Donald Trump's upcoming visit to China at the end of March. The discussions focused on shifting U.S. tariffs, rare earth minerals, high-tech export controls, and agric

Mar 13, 3:30 PM ET·3 min read

13 articles from 8 publishers

Economy

Howard Schultz Moves to Florida Amid Tax Debates

Howard Schultz, the former CEO of Starbucks, has announced his move from Seattle to Miami after more than four decades in Washington state. This decision comes as Washington lawmakers advance a so-called millionaire tax that would impose a nearly 10% annual tax on personal earnings over $1 million.

Mar 13, 8:07 AM ET·2 min read

3 articles from 3 publishers

Legal

Live Nation Settles Antitrust Suit Amid Revealed Derogatory Messages

Live Nation Entertainment reached a settlement with the Trump Justice Department to resolve an antitrust lawsuit, while internal Slack messages unsealed in court revealed derogatory comments about customers and high ancillary fees by company employees. The messages surfaced two days after the compan

Mar 12, 4:31 PM ET·3 min read

8 articles from 6 publishers

Economy

Atlanta's Film Industry Faces Decline

Atlanta's once-thriving film industry, dubbed the "Hollywood of the South," has faced a steep decline in recent years. According to multiple reports, spending on film and TV production in Georgia plummeted from $4.4 billion in 2022 to just $2.3 billion in the last fiscal year. The number of total pr

Mar 12, 4:31 PM ET·3 min read

3 articles from 3 publishers

Economy

SAA Imposes Fuel Surcharge Amid Rising Jet A1 Prices

South African Airways (SAA) has announced a temporary fuel surcharge on bookings due to a substantial increase in jet A1 fuel prices. This move follows FlySafair's similar announcement earlier this week. The surge in fuel costs is primarily attributed to the ongoing conflict in the Middle East, whic

Mar 12, 4:31 PM ET·2 min read

5 articles from 3 publishers

LegalMIXED REPORTS

Judge Rejects Tourist's Lawsuit Against NYC Taqueria

A Manhattan federal judge has rejected a lawsuit filed by a German tourist against NYC's Los Tacos No. 1 taqueria over its spicy salsa. Faycal Manz, who visited the Times Square location in August 2024, claimed that the restaurant's hot sauce caused him severe health issues, including diarrhea, naus

Mar 12, 4:31 PM ET·2 min read

3 articles from 3 publishers

Automotive

Honda Cancels U.S. EVs Citing Tariffs

Honda has canceled three electric vehicles (EVs) it was developing for the U.S. market, citing President Donald Trump’s tariffs and rising competition from Chinese EV companies. The Japanese automaker announced on Thursday that the Honda SUV and Saloon, first unveiled at the 2025 Consumer Electronic

Mar 12, 1:01 PM ET·3 min read

7 articles from 3 publishers

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