Grubhub to pay $25 million for misleading customers, restaurants, drivers
By Jody Godoy (Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to…
Canada to impose more tariffs on Chinese imports in new year
By Promit Mukherjee OTTAWA (Reuters) – Canada plans to impose tariffs on a slew of Chinese products from as early as next year, the government’s fiscal update showed, as part…
Paramount’s $8.4 billion Skydance merger faces FCC challenge by Center for American Rights
(Reuters) – The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to challenge the planned $8.4 billion merger between Paramount Global and…
AI startup Basis raises $34 million for accounting automation ‘agent’
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday.…
Half US at high risk of power shortfall in next decade, regulator says
NEW YORK (Reuters) – About half of the United States is at increased risk of power supply shortfalls in the next decade that could lead to outages and electricity conservation…
Column-The five charts flashing red for U.S. equity bulls: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – As the classic market cliche goes, investors should worry most when the consensus is overwhelmingly optimistic and be bullish when it’s overwhelmingly bearish.…
US finalizes $9.63 billion loan for Ford, SK On joint battery venture
By David Shepardson WASHINGTON (Reuters) -The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery…
Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 billion merger deal
By Manya Saini (Reuters) -Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the regional lenders said on Monday, in…
US manufacturers predict growth in 2025 after prolonged slump
WASHINGTON (Reuters) – U.S. manufacturers are optimistic that the sector will emerge from a prolonged recession next year, though capital expenditure growth was likely to fall short of 2024’s pace.…
US bond investors brace for ‘hawkish cut,’ spurn long-term bonds
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors, expecting the Federal Reserve to cut interest rates by a quarter of a percentage point on Wednesday, are bracing for the…