Business News

REUTERS (London) — Britain said on Tuesday it would introduce a new law to rein in the power that big tech companies such as Google, Facebook and Amazon are able to wield to stifle competition in digital markets. The legislation will also bolster protection for consumers by making it easier to opt …

REUTERS (London) —Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called “crypto winter” is over. Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as t…

FILE PHOTO: The Japanese government’s nominee for the Bank of Japan (BOJ) Governor Kazuo Ueda speaks during a hearing session at the lower house of the parliament in Tokyo, Japan, February 24, 2023. REUTERS/Issei Kato REUTERS — A look at the day ahead in Asian markets from Jamie McGeever. Inf…

FILE PHOTO: CEO of NBCUniversal Jeff Shell attends the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, U.S., July 6, 2022. REUTERS/Brendan McDermid REUTERS — Comcast Corp said on Sunday NBCUniversal Chief Executive Jeff Shell is leaving the company following an investigation …

FILE PHOTO: Bottles of Clorox bleach are displayed for sale on the shelves of a Wal-Mart store in Rogers, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi  REUTERS — Clorox Co on Thursday said it would cut about 200 positions, or 4% of its non-production workforce, as it looks to keep a lid on costs …

REUTERS — Shares of AT&T Inc fell 4% in premarket trade on Thursday as the wireless carrier missed Wall Street estimates for first-quarter revenue, signaling intense competition from rivals Verizon Communications Inc and T-Mobile US Inc. Much like other sectors, telecoms are facing the pinch of…

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting the labor market was gradually slowing as the Federal Reserve’s year-long interest rate hiking campaign dampens demand. Though measured, the loss of labor mark…

(Reuters) —  Oil prices dropped sharply on Wednesday as potential U.S. interest rate hikes that could slow growth and curb oil consumption outweighed strong Chinese economic data and falling U.S. inventories. Brent crude futures shed $1.34, or 1.6%, to $83.43 a barrel by 1311 GMT while West Texas I…

NEW YORK (Reuters) — Consumers are starting to fall behind on their credit card and loan payments as the economy softens, according to executives at the biggest U.S. banks, although they said delinquency levels were still modest. Profits at Bank of America Corp, JPMorgan Chase & Co, Wells Fargo…

A United Airlines plane comes in for a landing at the A.B. Won Pat International Airport on Dec. 19, 2022. HAGÅTÑA (The Guam Daily Post) —  United Airlines is leading the charge in efforts to reduce carbon emissions into the atmosphere through Sustainable Aviation Fuel, or SAF, an eco-friendly jet …