The U.S. Federal Trade Commission described in a new court filing on Thursday how Amazon.com employed a number of illegal tactics to increase profits at its online retail empire, including an algorithm that raised prices paid by American consumers by more than $1 billion.   The Federal Trade...

In an attempt to calm investors who fear it is falling behind Huawei Technologies and other regional smartphone manufacturers, Apple has stated that demand for its iPhones in China was high.   "In mainland China, we set a quarterly record for the September quarter for iPhone," Chief...

For the three months ended in September, HSBC's profit after tax was $6.26 billion, a 235% increase over the $2.66 billion it made in the same time the previous year. The largest bank in Europe in terms of assets witnessed a $4.5 billion increase in profit before taxes to $7.7 billion for the...

Chinese real estate behemoth Evergrande, beset by financial difficulties, has been given one more opportunity to reach a fresh agreement about its massive debts, failing which it will go into liquidation. A winding-up hearing was postponed until December 4 from its original Monday date. It will be...

This holiday season, generative AI will be Amazon's secret weapon. It will use data from its more than 160 million Prime members to enhance ad targeting and enable retailers to swiftly create specials.   In addition to offering quick shipping and the customary Black Friday and Cyber Monday...

Elon Musk entered Twitter's headquarters a year ago after purchasing the company and was carrying a washbasin. "Let that sink in," he joked before dismissing a sizable portion of the crew.   It was the first taste of a frenetic twelve months of unpredictable upheaval, which included the...

The decades-long competition between Coca-Cola and PepsiCo is usually won by Coca-Cola.   The same was true this quarter.   Due to increased interest rates and investor worries about the potential side effects of weight loss medications like Wegovy, the stocks of the leading beverage...

Sony, the company that made the PlayStation 5, has announced that the supply chain issues that beset the device for three years have been fixed. The global chip shortage that started in 2020 had an effect on credit card companies as well as the auto industry.   A month-long wait for the PS5...

Exxon Mobil Corp. missed analysts' expectations for the second consecutive quarter and reported a substantially lower $9.1 billion third-quarter profit on Friday. The company's earnings was also 54% lower than a year earlier.   Although prices are still far below record levels from a year...

Amazon.com announced that new agreements have stabilised the growth of its cloud business, but cautioned that consumers are still cautious about purchasing as we approach the holiday quarter.   The company, which just released impressive third-quarter earnings supported by a recent marketing...

Microsoft exceeded Wall Street forecasts for its fiscal first-quarter performance across the board, with its PC and cloud computing divisions expanding as more customers look forward to utilising its artificial intelligence products.   Additionally, much of its forecast exceeded analyst...