EU lists Alphabet, Amazon, Meta and three other tech giants as ‘gatekeepers’ under strict competition rules
The European Commission on Wednesday said it designated six tech giants as “gatekeepers” under its new Digital Markets Act —…
Digital World shareholders vote to extend time for deal with Trump media company
Investors in the blank-check acquisition company that plans to merge with former U.S. President Donald Trump’s social media firm on…
Engineering group ABB ‘pretty pessimistic’ on China: ‘It will be challenging for the rest of the year’
The CEO of Swedish-Swiss multinational industrial and engineering group ABB said he has been “disappointed” by the state of the…
Buy now, pay later firm Klarna cuts losses in first half but fails to post profit
Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as…
Here’s what the U.S. hopes China will do after Raimondo’s trip
BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export…
China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
BEIJING — U.S. chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive —…
Jim Cramer takes issue with Wolfe Research’s ‘very gutsy call’ on this financial stock
Discover Financial Services (DFS) stock surged 1.82% Thursday morning following an upgrade from Wolfe Research, to trade around $90 apiece.…
Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on
Spirits were high when Dutch payments firm Adyen floated on the Amsterdam stock exchange in 2018. The company was riding…
China is considering countermeasures to Biden’s executive order
BEIJING — China’s Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration’s executive order to…
