Uber Faces €825 Million GDPR Fine
The Dutch Data Protection Authority has fined Uber €825 million ($966 million) for allegedly violating European data protection rules by using automated systems to suspend or deactivate drivers without providing adequate information or meaningful...
Samsung Sets Record Shareholder Returns
Samsung Electronics expects its shareholder returns this year to reach as much as 110 trillion won ($79.54 billion), including 30 trillion won in cash dividends in the third quarter. The payout would be more...
AI Debt Boom Tests Investor Appetite
The surge in debt issuance by technology giants to finance the artificial-intelligence buildout is beginning to test investor appetite, with bond buyers demanding higher yields as the market absorbs record supply. While investors remain...
Australia Tightens Rules on Tech Giants Over News Content
Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...
Target’s Grocery Bet Gains Momentum, but Broader Spending Is Key
Target’s grocery strategy is showing early signs of success, with food and beverage sales rising 7% in the quarter ended August 1, marking the category’s fastest growth in three years. The retailer has expanded...
Micron to Invest $10 Billion in New AI Memory Research Lab
Micron Technology said on Thursday it plans to invest $10 billion over the next decade in a newly established research laboratory in Boise, Idaho, aimed at advancing memory technologies, developing compute systems and supporting...
Trump to Host Crypto Executives as US Regulators Advance Digital Asset Rules
President Donald Trump is set to host cryptocurrency executives and industry representatives at the White House on Wednesday, as U.S. financial regulators move forward with plans to establish a clearer regulatory framework for digital...
U.S. Treasury Doubles Size of Longer-Dated Bond Buybacks
The U.S. Treasury Department will double the size of its liquidity-support buyback operations for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation. The increase will cover the 10-...
Lyntris IPO Raises $297.5 Million
Lyntris raised $297.5 million in a downsized U.S. initial public offering after pricing its shares below the marketed range, highlighting continued investor caution despite renewed interest in defense stocks. The Falls Church, Virginia-based defense...
Estée Lauder Forecasts Stronger Profit on Luxury Beauty Demand
Estée Lauder expects fiscal 2027 adjusted earnings to beat Wall Street estimates, supported by resilient demand for premium fragrances and skincare, particularly in China. Shares rose nearly 8% in premarket trading after the cosmetics...