Reddit's stock surged 48% on its first day of trading in New York, indicating a potential rebound in investor interest in initial public offerings (IPOs) of profitable but promising businesses.   Reddit, which deceived investors by portraying its material as a training environment for...

Citing worries about the tech giant Google’s AI service, France's competition authority announced on Wednesday that it has fined Alphabet's Google 250 million euros ($271.73 million) for violations of EU intellectual property laws in its dealings with media publishers.   The watchdog claimed...

With its gaming revenue declining, Chines tech company Tencent Holdings reported a less impressive-than-expected 7% increase in fourth-quarter revenue on Wednesday. The company also stated that it planned to at least treble its share buybacks this year.   For the three months that...

With the industry starting to recover, Xiaomi, a Chinese company, announced a 10.9% increase in revenue for the fourth quarter and exceeded projections for adjusted net profit thanks to robust smartphone sales.   According to LSEG data, revenue for the October–December quarter increased to...

In a fresh cost-cutting initiative, Unilever announced on Tuesday that it would spin off its ice cream division, which is home to well-known brands like Magnum and Ben & Jerry's, and eliminate 7,500 jobs.   The idea was well received by investors, who at one time drove shares of...

In the biggest threat to the app since the Trump administration, the U.S. House of Representatives easily passed a bill this week that would give ByteDance, the Chinese company that owns TikTok, roughly six months to sell off the U.S. assets of the short video app or risk being banned.  ...

Foxconn, the Apple supplier and contract manufacturer, announced on Thursday that it anticipated a sharp increase in income this year due to the surge in demand for artificial intelligence servers. This is a significantly more optimistic outlook than it had previously held.   The...

The safety problem at Boeing has upset airline officials, and they are furious. But they are forced to work with the American planemaker in a competitive market for large planes provided by two companies.   Carriers are still in the process of negotiating new plane purchases, hoping to take...

In the biggest danger to the short-video app TikTok since the Trump administration, the U.S. House of Representatives overwhelmingly backed a bill that would give ByteDance, the Chinese company that owns TikTok, roughly six months to sell off its U.S. assets or risk having the app banned.  ...

Elon Musk, the CEO of Tesla, sued the startup earlier this month, and OpenAI has contested a fundamental assertion he made.   OpenAI is facing numerous legal challenges as it tries to market its ChatGPT chatbot and underlying AI algorithms, including the Musk lawsuit and cases for copyright...

As the rate of inflation around the world decreased, the Swedish furniture and home furnishings company Ikea increased its investments in price reductions and started slashing prices in several nations.   In an effort to moderate price hikes that were implemented in 2022, the corporation is...