(Reuters) -India’s competition watchdog directed WhatsApp to refrain from sharing user data for advertising purposes with other applications owned by Meta for a period of five years and fined the U.S. tech giant $25.4 million on Monday over antitrust violations related to the messaging application’s 2021 privacy policy. The Competition Commission of India (CCI) launched […]
Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
NEW YORK (Reuters) – Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm’s equity strategist Michael Wilson and other strategists wrote in a note on Monday. The benchmark index was last at 5,893. According to the note, the firm expects the recent broadening in U.S. earnings […]
Walmart stock set for best year since 1999 as profits jump
By Juveria Tabassum (Reuters) – Walmart shares are set for their best yearly gains in over two decades as the retail behemoth’s low prices for everyday essentials give it an edge over competitors facing weak demand from budget-conscious consumers. The stock has gained about 60% so far this year, outstripping gains of about 13% in […]
Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal
(Reuters) – Nippon Steel will not import steel to the U.S. from its international mills, the Japanese company’s Executive Vice President Takahiro Mori said on Monday in a letter to United Steelworkers union members. Nippon is looking to close its $14.9 billion deal for U.S. Steel by the end of the year before President-elect Donald […]