The U.S. Federal Trade Commission (FTC) is nearing a resolution in its investigation of TikTok, the Chinese-owned short video app, regarding purportedly flawed privacy and data security practices. Earlier on Tuesday, Politico had reported the potential FTC action, citing individuals ...
Alibaba Group Holding Ltd.’s decision to cancel the listing of its logistics unit, Cainiao Smart Logistics Network Ltd., dealt a blow to Hong Kong’s aspirations for a revitalized IPO market. This move has intensified pressure on the city’s leaders to ...
Reddit, once the epicenter of the meme stock phenomenon in 2021, is now finding itself as the subject of meme-like enthusiasm in the stock market. The stock of Reddit (RDDT) surged over 12% on Tuesday, marking a more than 30% ...
For decades, retiring and purchasing a condominium in Florida has symbolized a significant milestone for countless Americans entering their golden years. However, a troubling convergence of factors, including soaring insurance rates, escalating homeowners’ association fees, and surging interest rates, is ...
On Tuesday, Vitol, the world’s leading energy trader, highlighted the tightness in the global oil products market, attributing it to the Red Sea crisis and the diversion of Russian products. CEO Russell Hardy noted that this situation has led to ...
Jim Weber, the long-serving CEO of Brooks Running under Berkshire Hathaway, is stepping down after over two decades in the top position, as announced by the company on Tuesday. Dan Sheridan, a seasoned Brooks veteran who began his journey at ...
Premier Li Qiang addressed a gathering of global CEOs and Chinese policymakers on Sunday, highlighting China’s forthcoming regulatory measures concerning market access and cross-border data flows. “We cordially welcome companies from all countries to invest in China and deepen their ...
Trader Joe’s has decided not to reopen its wine shop in Union Square, opting instead to transform the space into a new grab-and-go market called Trader Joe’s Pronto. The California-based company launched this concept in the location previously occupied by ...
Space company Astra is set to transition to private ownership in a deal negotiated with its founders, following a disappointing performance in the public market. Astra’s CEO, Chris Kemp, and CTO, Adam London, who are also co-founders, have reached an ...
Costco’s revenue for its holiday quarter fell short of Wall Street’s expectations, despite reporting year-over-year sales growth and robust gains in e-commerce. The retailer’s shares experienced a decline of about 4% in aftermarket trading, following earlier highs in the day. ...