Federal regulators have given Adobe the green light to proceed with its acquisition of Topaz Labs, clearing antitrust hurdles ahead of schedule.
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Federal Trade Commission is suing Hims & Hers alleging the telehealth platform shared users' health data with online advertisers despite promising privacy and engaged in deceptive billing and cancellation practices, an FTC spokesperson said. Hims & Hers is one of the largest telehealth players in the market for weight loss drugs.
The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared users' health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Hims & Hers stock added to losses after the news and was trading down around 12%. The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.
Those who stay patient and disciplined, while ignoring the noise, will find that the market stacks the odds in their favor.
X sued the WFA in 2024 for conducting what it called a "systematic illegal boycott" of the platform after it saw a decline in advertising revenue following Musk's $44 billion takeover of the social network
Renewed hostilities in the Middle East are pushing up Treasury yields as oil prices rally. The Iranian surprise attacks add uncertainty to U.S. monetary policy. Futures markets price in 64% odds of a hold by the Fed today, but bets on a hike rise to 36% from 31% yesterday, according to CME data.
July 29 (Reuters) - SpaceX's X and the World Federation of Advertisers (WFA) said on Wednesday they had settled litigation over an alleged advertiser boycott of the social media platform linked to the
A quarter-points rate hike has been bandied about as a possibility today.
Ares Capital has a 10% yield and a volatile dividend history, with recessions being particularly difficult.
West Texas Intermediate crude jumped nearly 7% after Iran launched missiles at U.S. forces, complicating the Fed's rate calculus
DoorDash on Wednesday launched its in-house drone-delivery program, DoorDash Air, after securing a U.S. Federal Aviation Administration certification to operate commercial drone deliveries in the U.S. The move marks the food-delivery company's push into autonomous delivery as it looks to reduce reliance on human couriers and expand its logistics network. • The program was developed by DoorDash Labs, its robotics and autonomy unit, and will eventually be integrated into its delivery app, according to a TechCrunch report.
Investing.com -- DoorDash (NYSE: DASH) is taking to the skies. The logistics leader announced today that it has received Part 135 air carrier certification from the Federal Aviation Administration (FAA), clearance that authorizes the company to commercially operate its own autonomous drone fleet. The new service, dubbed DoorDash Air, was engineered entirely in-house by DoorDash Labs, the company’s internal robotics and autonomy division. To earn the elite designation—held by only seven other ope
July 29 (Reuters) - Wall Street's main stock indexes opened lower on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of simmering Middle East tensions,
Wall Street faces a twin set of risks on Wednesday, tied to Big Tech earnings and a Federal Reserve interest-rate decision, as stocks undergo a rare change of leadership ahead of the summer market doldrums. “The market’s response to both should provide a clearer indication of whether the current rotation continues or begins to develop into broader weakness,” said Zaheer Anwari, co-founder and CEO of the Luxembourg-based Revacy Fund.
Investing.com -- Wall Street is hurtling toward one of the most unpredictable Federal Reserve rate decisions in years. With derivative markets pricing in a staggering 36 percent chance of a surprise rate increase, traders are bracing for a high-wire event that threatens to shatter the fragile summer market calm. While central bank decisions are usually well-choreographed affairs, Wednesday’s meeting presents an explosive, winner-take-all dynamic where billions of dollars hang in the balance. Mic
DoorDash for years has rushed online orders from burritos to cold medicine to customers’ homes via bike couriers and drivers. Now the delivery provider is adding a new mode of transport: air. DoorDash on Wednesday said it has secured a key certification from the Federal Aviation Administration to make commercial deliveries using drones.
The Michigan governor’s office estimates that the taxes have cost every family in the automaking state an average of $1,000 per year.
Wall Street faces a twin set of risks on Wednesday, tied to Big Tech earnings and a Federal Reserve interest-rate decision, as stocks undergo a rare change of leadership ahead of the summer market doldrums. “The market’s response to both should provide a clearer indication of whether the current rotation continues or begins to develop into broader weakness,” said Zaheer Anwari, co-founder and CEO of the Luxembourg-based Revacy Fund.
Investing.com -- JPMorgan told clients in a note that today’s Federal Reserve decision is the most important catalyst during regular trading hours, mapping out how the S&P 500 could move across a range of outcomes.
Brookfield Asset Management and NextEra Energy are developing a $100 billion data center campus in Paducah, Kentucky, a person familiar with the matter said on Wednesday.
(Bloomberg) -- As the costs of Donald Trump’s Iran war and higher tariffs pile up on farmers, US Senate candidates in Iowa and Nebraska are stoking populist anger by seizing on long-simmering grievances against giant agricultural companies.Most Read from BloombergUS Intercepts Iran Attack on Bases, Puncturing Days of CalmSK Hynix Profit Disappoints, Spending Soars to $31 BillionApple Set to Make Big Smart Home Push With Siri AI at CenterNvidia’s $750 Billion in Deals Reignite Circular AI FearsCh
Consumers now expect free delivery in 2.6 days, down from 3.4. Meeting that promise pushed more than half of retailers past FedEx, UPS and the Postal Service. The post Carrier diversification unravels the last-mile delivery duopoly appeared first on FreightWaves.
By Johann M Cherian and Ragini Mathur July 29 (Reuters) - S&P 500 and Nasdaq futures inched higher on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of
Wall Street futures were mostly higher pre-bell Wednesday as the global tech sector sell-off paused,
U. S. stock futures traded close to unchanged on Wednesday as investors prepared for a pivotal session featuring the Federal Reserve’s latest interest rate decision and quarterly earnings from artificial intelligence leaders Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT).
The Federal Reserve is expected to raise interest rates twice by year-end -- history suggests that tighter monetary policy could trigger a stock market correction.