Category Archives:
Fast-fashion retailer Temu sues rival Shein over US antitrust law
By Mike Scarcella (Reuters) - Chinese e-retailer Temu has filed a new lawsuit accusing rival Shein of violating U.S. antitrust law in its dealings with clothing manufacturers, escalating a legal clash...
Jul 17, 2023
Space investments stay flat in Q2 as market shows signs of stabilization – report
By Akash Sriram (Reuters) - Investments in space startups stayed flat in the second quarter, a positive sign for a sector that faced a funding slump over the past few quarters due to the grim economic...
Jul 17, 2023
Gas prices see minimal change over the past week in the Peoria-area
PEORIA, Ill. – The price of gas in Peoria has held steady in the past week, but much lower compared to this time last year. GasBuddy's latest weekly report lists the price of a gallon of unleade...
Jul 17, 2023
Biden administration holding meetings with chips companies — source
WASHINGTON (Reuters) - The chief executives of U.S. chip companies are holding meetings with Commerce Secretary Gina Raimondo and key White House officials Monday as they discuss China policy, a sourc...
Jul 17, 2023
Tesla sues Australia’s Cap-XX over EV battery technology
By Blake Brittain (Reuters) - Tesla sued Australian company Cap-XX in Texas federal court on Friday, claiming its supercapacitors used for storing energy in electric-vehicle batteries infringe two U.S...
Jul 17, 2023
Microsoft, UK ask for two-month pause of appeal over Activision deal
By Sam Tobin LONDON (Reuters) - Microsoft on Monday asked a London tribunal to pause its appeal against Britain's block on its $69 billion takeover of Activision Blizzard to give the parties more time...
Jul 17, 2023
World economy in a difficult place but not destined to stay there – W.Bank chief
GANDHINAGAR, India (Reuters) - The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 fo...
Jul 17, 2023
Goldman Sachs cuts probability of US recession in next 12 months
NEW YORK (Reuters) - Goldman Sachs' Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that a U.S recession will start in the next 12 months to 20% from an earlier 25% for...
Jul 17, 2023
Marriott enters licensing deal with MGM to boost presence in the Las Vegas strip
(Reuters) - Marriott International said on Monday it entered a licensing deal that will allow its loyalty members to earn and redeem existing points for booking stays at MGM Resorts International's pr...
Jul 17, 2023
Russian inflation expectations jump to 11.1% with rate decision imminent
MOSCOW (Reuters) - Inflationary expectations for the year ahead among Russian households climbed to 11.1% in July from 10.2% in June, the central bank said on Monday, just days before it is widely exp...
Jul 17, 2023
Peoria, IL, USA
45 °F Overcast
