Business - Page 7

Nvidia shares fell in premarket trading on Tuesday after more than tripled in worth in the past year. Investors awaited more data on the firm's latest AI chip, which is expected to cement its lead in the industry further.

March 19, 2024

Business

Nvidia shares dip despite unveiling new “Blackwell” chip

Uber has decided to pay A$271.8 million ($178 million) to resolve a lawsuit brought by Australian taxi operators and drivers, who say they lost revenue when the ride-hailing firm moved into the nation, a law company said on Monday.

March 18, 2024

Business

Uber settles class action lawsuit in Australia

People knowledgeable about the case said on Sunday that Reddit's initial public offering is now between four and five times oversubscribed, making it more probable that the social media platform will reach the $6.5 billion valuation it strives for.

March 18, 2024

Business

Reddit IPO oversubscribed: poised for strong debut

U.S. prosecutors in Virginia are investigating whether Facebook-parent Meta's social media platforms enabled and profited from the illicit sale of narcotics, the Wall Street Journal said on Saturday, mentioning papers and people familiar with the case.

March 16, 2024

Business

Investigation into Meta’s platforms for illicit drug sales

The chain states, 'plan is working' after a 2% climb in sales helped convert £234m loss in 2023 into £56m profit.

March 14, 2024

Brands

John Lewis returns to profit, but no staff bonus

Altria Group, the maker of Marlboro cigarettes, says it will sell over $2.2bn (£1.7bn) of stocks in AB InBev, the owner of the Bud Light and Stella Artois beer brands.

March 14, 2024

Business

Marlboro to sell $2.2bn worth of AB InBev shares

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