Tag: Business
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Uber, Lyft win court block on NYC law requiring notice before firing drivers
July 22 : A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft from deactivating drivers from their apps without advance notice, ruling that the novel law is unconstitutional.U.S. District Judge Gregory Woods in Manhattan said in a written ruling on Tuesday that the city’s l
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Amazon agrees workers’ rights deal with Italian unions
MILAN, July 22 : Italian unions have signed an agreement with Amazon.com covering leave, employee rights and video surveillance, the unions and the US e-commerce giant said on Wednesday.• The Filt CGIL, Fit CISL and Uiltrasporti unions said 57 sites operating in Italy were covered in the deal struck with Am
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Zelle must face New York attorney general’s lawsuit over fraud, judge rules
NEW YORK, July 22 : A judge rejected Zelle’s bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform’s refusal to adopt critical safety features enabled fraudsters to steal more than $1 billion from consumers.In a decision on Tuesday, Justice Phaedra Perry
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Teledyne lifts annual profit forecast, tops quarterly results estimates
July 22 : Teledyne Technologies on Wednesday raised its 2026 profit forecast as demand remained robust at its digital imaging, instrumentation as well as aerospace and defense segments.Shares of the sensing-systems maker, which also reported better-than-expected quarterly profit and revenue, rose nearly 3 per
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AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chips
July 22 : Advanced Micro Devices said on Wednesday it would invest up to $5 billion in Anthropic and the artificial intelligence startup would buy up to 2 gigawatts of AMD’s latest-generation AI chips, beginning in the first half of 2027.AMD has been seeking to expand its foothold in the fast-growing AI chip
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Polymarket intends to challenge France’s decision to block its website
July 22 : Polymarket intends to challenge France’s decision to block its website in the country, the prediction markets platform said in a statement on Wednesday. France’s National Gambling Authority had blocked access to the website last week, citing concerns it could expose users to significant gambling los
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Samsung unveils wider foldable phone, hikes prices as chip costs rise
SEOUL, July 22 : Samsung Electronics on Wednesday unveiled a passport-sized foldable phone and raised prices of two updated foldable models, as it grapples with rising memory chip prices while bracing for a new threat from Apple in the niche but growing segment.The South Korean technology company pioneered fo
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Trump’s generic drug tariffs: What they could mean for medicine prices, manufacturers and supply
Trump’s generic drug tariff plan raises questions over prices, U.S. manufacturing and which drugmakers stand to gain or lose as details remain unclear.
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Samsung ups prices as it launches new foldable smartphones ahead of expected Apple debut
Samsung launched the Galaxy Z Fold8 Ultra, Galaxy Z Fold8 and Galaxy Z Flip8.
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SpaceX ends its losing streak, oil prices jump, the Fed’s AI red flags and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
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