Category Business

LONDON, Nov 24 (Reuters) – Spiralling compliance costs, ongoing legal headaches and a shrinking share of the market: Binance’s new chief Richard Teng faces daunting challenges in turning a new leaf for the world’s biggest crypto exchange. Teng was quickly…

Nov 24 (Reuters) – Exchange-traded funds (ETFs) tracking U.S. retailers moved higher in shortened trading hours on Black Friday, outpacing broader market indexes. While the S&P 500 index (.SPX) ended little changed, the Amplify Online Retail ETF climbed 0.4% and…

Nov 17 (Reuters) – Amazon.com (AMZN.O) on Friday announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. The cuts affect several hundred employees working on Alexa,…

Nov 15 (Reuters) – National wine and spirits retailer Total Wine & More has asked a U.S. judge to deny a request for corporate records from the Federal Trade Commission, which is investigating the practices of one of the company’s…

Oct 25 (Reuters) – Apple (AAPL.O) on Wednesday increased the subscription prices of Apple TV+ and Apple News+, according to its website, the latest company to raise rates following similar moves by media giants. The per month price of Apple…