By Suzanne McGee (Reuters) – Shares of headphone maker Koss Corp. soared for the second session in a row on Friday, closing at $13.35 a share, after trading as high as $18.50 early in the day, as social media posts speculated that a post by meme stock influencer Keith Gill indicated his interest in the…
By Yuvraj Malik and Jaspreet Singh (Reuters) – Meta Platforms’ newest social media offering Threads has over 175 million monthly active users, CEO Mark Zuckerberg revealed on Wednesday, ahead of its first anniversary. A challenger to X, formerly known as Twitter, Threads hit app stores on July 5 last year, timed to win users from…
(Reuters) -Amazon.com said on Wednesday it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots. The e-commerce giant initially launched the canine-like robot for household use in 2021. Astro for Business was launched last November for a range of customers including retail, manufacturing,…
By Ismail Shakil and Katharine Jackson WASHINGTON (Reuters) -The White House dismissed as “absolutely false” a New York Times report on Wednesday that said U.S. President Joe Biden had told an ally he was weighing whether to continue his bid for reelection in November. The report was based on a conversation the Times said Biden…
By Jonathan Stempel (Reuters) – Walmart must face a lawsuit claiming it often charges higher prices at the register than it posts on store shelves, costing consumers hundreds of millions of dollars a year, a federal appeals court ruled on Wednesday. Reversing a lower court judge, the 7th U.S. Circuit Court of Appeals in Chicago…
By Luc Cohen and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Donald Trump’s July 11 sentencing on charges stemming from hush money paid to a porn star may be delayed after prosecutors said on Tuesday they don’t object to giving the former U.S. president a chance to argue he should have been immune from prosecution. Trump’s lawyers…
By Nora Eckert DETROIT (Reuters) – Ford Motor is trying to get more of its managers to buy electric vehicles, according to an internal email the automaker sent last week that was reviewed by Reuters. The Dearborn, Michigan-based company changed a leasing program it offers to eligible current and former managers, now requiring them to…
By Chibuike Oguh NEW YORK (Reuters) -Global stocks edged higher while U.S. Treasury yields dipped on Tuesday as markets weighed data showing a persistently tight labor market, and prospects of interest rate cuts after comments from Federal Reserve Chair Jerome Powell. The Fed needs more data before cutting rates to ensure recent weaker inflation readings…
By Jonathan Stempel (Reuters) – The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday. U.S. District Judge William Martini in Newark, New Jersey, said that while Gene…
By Granth Vanaik and Siddharth Cavale (Reuters) – Keith Gill, the meme stock trader “Roaring Kitty,” thrust Chewy Inc into the spotlight when he made a $245 million bet on the online pet products retailer on Monday. What is Chewy and why has it attracted Gill’s interest? WHAT’S THE BUSINESS? Chewy is an $11 billion…
