Reddit’s lawsuit takes aim at San Francisco-based Perplexity, maker of an AI chatbot and “answer engine” that competes with Google, ChatGPT and others in online search.
Read More Reddit sues AI company Perplexity and others for ‘industrial-scale’ scraping of user comments
After years of phenomenal growth, Beyond Meat has recorded declining annual sales since 2022. It has never turned an annual profit.
Read More Boom to bust: Beyond Meat struggles to stay relevant
The Dow Jones Industrial Average hit a record on Tuesday as the floodgates opened for companies reporting how much profit they made during the summer.
Read More The Dow hits a record as 3M, Coca-Cola and other big US stocks climb
The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.
Read More BofA expects Fed to deliver two cuts this year after soft jobs report
Kraft Heinz will split into two listed companies, dismantling a packaged goods giant that never achieved the growth expected when it was formed a decade ago.
Read More Kraft Heinz splits, unwinding merger that never paid off