By Mike Scarcella (Reuters) – Billionaire entrepreneur Elon Musk expanded his lawsuit against ChatGPT maker OpenAI, adding federal antitrust and other claims and adding OpenAI’s largest financial backer Microsoft as a defendant. Musk’s amended lawsuit, filed on Thursday night in federal court in Oakland, California, said Microsoft and OpenAI illegally sought to monopolize the market for generative artificial intelligence and sideline competitors. Like Musk’s original August complaint, it accused OpenAI

Check out the companies making headlines before the bell: Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from analysts polled by LSEG. The company also reported better-than-expected fiscal fourth-quarter results and provided a strong outlook for adjusted earnings per

(Bloomberg) — Super Micro Computer Inc. investors have spent two months waiting for the company to file a plan that would allow it to remain listed on the Nasdaq exchange. With the deadline now just days away, that plan is yet to materialize. Most Read from Bloomberg The server maker has until Monday, Nov. 18, to either file a delayed 10-K annual report or submit a plan to file the

Breadcrumb Trail Links News Almost 90% of renters believe it’s out of reach for them, survey finds Published Nov 15, 2024  •  Last updated 1 hour ago  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Many Canadians now perceive owning a home as a luxury, a new survey has found. Photo by Financial Post photo illustration /Getty Images

October retail sales grew from the prior month, reflecting continued resilience in the American consumer. Retail sales rose 0.4% in October. Economists had expected a 0.3% spending, according to Bloomberg data. Meanwhile, retail sales in September were revised up to a 0.8% increase from a prior reading that showed a 0.4% increase in the month, according to Census Bureau data. Auto sales drove a majority of the gains in October’s

Unilever to spin off Ben & Jerry’s Unilever to spin off Ben & Jerry’s, cut 7,500 jobs 00:36 Ben & Jerry’s is suing parent company Unilever, accusing the consumer goods conglomerate of violating an agreement with the ice cream brand’s independent board by muzzling its advocacy of Palestinian rights. Unilever has prevented Ben & Jerry’s from calling for a ceasefire in Gaza four times, breaking a pact that lets its

US stocks fell before the bell on Friday, on track for weekly losses as investors took on board Chair Jerome Powell’s signal that the Federal Reserve won’t hurry to make interest-rate cuts. S&P 500 futures (ES=F) dropped over 0.5%, while Dow Jones Industrial Average futures (YM=F) slid roughly 0.4%. The tech-heavy Nasdaq 100 (NQ=F) led declines, with futures down 0.8%. Powell’s hawkish comments are casting a pall on markets as

Check out the companies making headlines before the bell: Disney — Shares popped more than 9% after the company’s fiscal fourth-quarter results beat analysts’ estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That is above earnings of $1.10 per share on revenue of $22.45 billion that analysts were expecting, according to LSEG. Cisco Systems — The networking stock dropped slightly. The

(Reuters) – Citigroup analysts anticipate that emerging market stocks will underperform compared to global peers following Donald Trump’s recent victory in the U.S. presidential election, despite China’s recent policy initiatives and global economic growth. The brokerage said in a note on Thursday it expects Trump’s trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and

Pumpkin spice menus return Pumpkin spice menus return 03:27 It is Red Cup Day at coffee giant Starbucks, an unofficial holiday for java fans who enjoy discounts and rewards.  Here’s how it works: Stop by a participating Starbucks store on Thursday and get a free, 16-ounce holiday-themed reusable red cup when you purchase one of the coffee chain’s special seasonal drinks.  Former Starbucks CEO calls for revamped customer experience 06:11