MercadoLibre (NASDAQ: MELI) is often referred to as the Amazon (NASDAQ: AMZN) of Latin America because of its leading e-commerce market share in countries like Argentina and Brazil. But it's so much more than that. In addition to its e-commerce marketplace, MercadoLibre has a mas
Package carrier FedEx Corp is facing a threat from an unusual source - one of its biggest delivery contractors. Tennessee businessman Spencer Patton has ratcheted up pressure on FedEx to boost compensation for contractors after company actions made it even harder for them to wring out profit in a downshifting, inflationary economy.
Conventional wisdom. It's what we call a generally accepted belief or view about something. In many cases, conventional wisdom is spot on. But not always.
European shares slipped on Friday as investors fretted over downbeat German consumer sentiment data due to rising energy costs and the path for U.S. interest rate hikes ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole.
India's stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.
European shares inched higher on Friday as a tech-fuelled Wall Street rally overnight lifted European peers, but sentiment was weighed down by worries about the path for interest rate hikes and rising energy costs.
Japan's Nikkei share average rallied on Friday, tracking tech-led Wall Street gains as market participants awaited a speech by Federal Reserve Chair Jerome Powell that could offer fresh clues on the path of U.S. monetary policy tightening.
U.S wireless carrier T-Mobile US Inc will use Elon Musk-owned SpaceX's Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday, outlining plans to connect users' mobile phones directly to satellites in orbit.
U.S wireless carrier T-Mobile US Inc will use Elon Musk-owned SpaceX's Starlink satellites to provide mobile users with network access in parts of the United States, the companies announced on Thursday.
Employees at a Recreational Equipment Inc (REI) store in Berkeley, California, on Thursday voted to form a union, the outdoor equipment and apparel retailer's second location to do so in a time when more service workers have been choosing to organize.
Wall Street ended sharply higher on Thursday, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook.
The Nasdaq ended sharply higher on Thursday, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook.
NEW YORK (Reuters Breakingviews) - A promise by Amazon.com to roll out a new technology in its warehouses is valuable. Just look at the $730 million pop in the market value of Plug Power on Thursday morning after it announced an agreement to supply green hydro
Amazon (NASDAQ: AMZN) wants to build a greener future. The e-commerce colossus is turning to Plug Power (NASDAQ: PLUG) to help make green hydrogen a major component of its clean energy strategy.
The Nasdaq rallied on Thursday, lifted by gains in Nvidia and other technology-related stocks as investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook.
Health care stocks were little changed this afternoon, with the NYSE Health Care Index down 0.1% while the SPDR Health Care Select Sector ETF (XLV) was falling fractionally.
Energy stocks still were moderately higher this afternoon, with the NYSE Energy Sector Index rising 0.1% while the SPDR Energy Select Sector ETF (XLE) was up 0.3%. The Philadelphia Oil-Service Sector index was posting a 1.4% advance but the Dow Jones US Utilities Index was slipp
TORONTO (Reuters Breakingviews) - Investors in Peloton Interactive hardly ever know what kind of workout they’ve signed up for. Shares in the exercise-bike maker sank over 18% on Thursday morning after it posted https://investor.onepeloton.com/static-fil
The S&P 500 and the Nasdaq rose on Thursday on support from growth and semiconductor stocks, while investors eyed the Federal Reserve's Jackson Hole conference for clues on its policy outlook.
What happened
Shares of Plug Power (NASDAQ: PLUG) shot up 14.7% at the market's opening this morning and were trading 9.2% higher as of 10:30 a.m. ET on Thursday. The hydrogen fuel cell specialist just signed a huge supply agreement, answering critics who have been dismissive abo