Investing.com -- Apple shares (NASDAQ:AAPL) jumped at the end of last week after the U.S. granted an exception for smartphones from the latest round of reciprocal tariffs, a move KeyBanc analysts described as “probably the best case scenario we can think of for AAPL.”The brokerage upgraded the stock to Sector Weight from Underweight, noting that the exemption “takes a big risk off the table. ...
(Reuters) - Australia’s competition regulator said on Monday Clorox (NYSE:CLX)’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plastic.The Australia Competition and Consumer Commission (ACCC) said the U.S.-based cleaning products maker admitted to breaching the Austra ...
By Tim McLaughlinBOSTON (Reuters) - CEOs of the 10 largest U.S. utilities earned more than $115 million combined in a recent three-year period as demand for electricity from their power plants jumped substantially due to the burgeoning cryptocurrency and artificial intelligence sectors.At seven of the companies, CEO payouts were much larger than what the utilities estimated at the time of their st ...
(Repeats story issued on April 11 with no changes to text.)By Selena LiHONG KONG (Reuters) - China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded fund (ETF) sector, two people with direct knowledge of the matter said.Over the last two years, Chinese authorities have issued more licences and encour ...