Robinhood Markets expects a $100-million charge in the third quarter to resolve some legal and regulatory matters that were previously disclosed, the trading app operator said on Friday.
Elon Musk’s X Corp, facing its own legal claims over unpaid rent, has sued a financial services company to recoup more than $713,500 in allegedly past due rent and other fees stemming from a sublease agreement for San Francisco office space.
The European Union is examining alleged anticompetitive practices in chips used for artificial intelligence, a market that Nvidia dominates, Bloomberg News reported on Friday, citing people familiar with the matter.
Clorox said on Friday all its manufacturing facilities resumed operations and it is ramping up production to restock inventories after a cyberattack last month disrupted the bleach maker’s business.
Su Zhu, one of the founders of bankrupt crypto hedge fund Three Arrows Capital, has been apprehended at Changi Airport in Singapore, the company’s liquidators Teneo said on Friday.
Apple supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhones for a second straight day at its south India factory where a fire broke out on Sunday, three sources told Reuters.
Amazon.com was accused by officials of violating the terms of a U.S. labor board settlement, breaching a 2021 agreement which required the online retailer to let workers unionize.
Financial services firm Valkyrie Funds LLC said on Friday it will halt buying of ethereum for the Valkyrie Bitcoin and Ether Strategy ETF and unwind any positions already acquired, a stumbling block in its bid to be the first to bring an exchange traded fund (ETF) tied to the cryptocurrency ethereum to the market.
The U.S. Supreme Court on Friday agreed to clarify the time period for which plaintiffs can recover damages over copyright claims in a case involving a Miami music producer who sued Warner Music’s Atlantic Records label after hip-hop artist Flo Rida made use of a 1980s song that he claims he owns.
The U.S. Supreme Court on Friday agreed to decide the legality of Republican-backed state laws in Texas and Florida that constrain the ability of social media companies to curb content on their platforms that these businesses deem objectionable.
