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MILAN, Nov 18 (Reuters) – An Italian administrative court on Friday rejected an appeal by Alphabet’s Google (GOOGL.O) against a decision by Italy’s antitrust authority to fine the group, but accepted iPhone maker Apple’s (AAPL.O) appeal against the watchdog’s ruling. Last year, Italy’s antitrust regulator fined Google and Apple 10 million euros ($10.36 million) each, claiming that the two tech groups had not provided “clear and immediate information” on how they collect and use the data of… Source link

Former President Donald Trump is pressing on with another bid for the White House. But Trump can’t yet count on the financial support of some wealthy backers who once stood in his corner. At least three billionaire mega-donors to the Republican party have already distanced themselves from his 2024 campaign, with one prominent benefactor not even waiting for Trump’s announcement to throw cold water on the former president’s prospects. At the start of the week, Trump drew the ire of hedge fund… Source link

Analysts at Bank of America downgraded shares of Coinbase (COIN) on Friday as the fallout from FTX’s stunning implosion continues to ripple through crypto markets. Shares of Coinbase were down as much as 5.5% in early trading on Friday. “We think Coinbase (COIN) likely faces a number of new headwinds over the near/medium-term due to the recent collapse of rival crypto exchange FTX,” analysts led by Jason Kupferberg wrote in a note to clients. They added: “As a result, we downgrade COIN to… Source link

Hyundai’s latest EV offering, the IONIQ 6, just made its debut at the LA Auto show, and the Korean automaker released some impressive stats to go along with its stunning design. Based on the Prophecy EV concept, the IONIQ 6 is a slippery, coupe-like sedan featuring a “streamliner” design, as Hyundai calls it. The IONIQ 6 is similar to cars like the Mercedes EQS, but the IONIQ 6’s design is even more extreme. The short nose, long wheelbase and “slight boat-tail structure” of the… Source link

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 18 (Reuters) – Yandex Market, owned by Russian internet giant Yandex (YNDX.O), said on Friday it had agreed to buy up the remaining inventory of Swedish furniture giant IKEA (IKEA.UL), which has closed its shops in Russia. Yandex signed binding documents on Nov. 16 to buy more than 20 million IKEA products, from furniture to stuffed toys, left over from the final online… Source link

Google is requiring loan apps in Kenya to submit proof of license to operate in the country, failure to which they risk removal from Play Store, its digital distribution service. Those that have applied for licensing by Central Bank of Kenya, and can produce evidence of the same, may also be spared. Google’s action has, however, been sluggish, coming two months after the Digital Credit Providers Regulations took effect to protect borrowers from rogue apps, many… Source link

U.S. stock futures pointed to modest gains at Friday’s open as investors neared the end of a turbulent trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak. Futures tied to the S&P 500 (^GSPC) rose 0.6%, while futures on the Dow Jones Industrial Average (^DJI) added about 135 points, or 0.4%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up by 0.8%. Treasury yields continued their ascent, with the benchmark 10-year not back above 3.8% and the… Source link

DOHA, Qatar — Alcoholic beer will not be sold in and around World Cup stadiums after all, according to a Friday announcement from organizers that represents a stunning reversal two days before the tournament. Qatari authorities appear to have overruled FIFA, soccer’s global governing body and owner of the World Cup; and Budweiser, a longtime FIFA sponsor. For months, FIFA, Budweiser and Qatar, the 2022 World Cup’s controversial host nation, seemed to have found a middle-ground agreement… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, November 18, 2022 Today’s newsletter is by Julie Hyman, anchor, and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. So far, Macy’s has been one of the standouts of the retail earnings season. Its shares leaped by 15% yesterday after the department store… Source link

Federal appeals court asked state high court to weigh in on duty to defend Justices agree with Yahoo that AIG unit’s policy is ambiguous (Reuters) – The California Supreme Court backed Yahoo’s bid to revive a lawsuit against its former insurer for refusing to defend the web services provider against several class actions that accused it of sending out spam “robo-text” messages. The justices said Thursday a federal magistrate in San Jose misapplied California law in 2017, when he found… Source link