06:08 AM EDT, 03/21/2024 (MT Newswires) -- Apple ( AAPL ) is facing a lawsuit over its alleged violation of US antitrust laws in restricting its rivals' access to the iPhone's hardware and software features, Bloomberg News reported late Wednesday, citing people familiar with the matter. Sources told Bloomberg that the US Justice Department could file the lawsuit in federal...

HONG KONG (Reuters) - Vague provisions in Hong Kong's new national security law around state secrets and links to foreign entities have put on edge many global businesses in the financial hub, with some consultants and hedge funds updating contingency plans and seeking legal advice in a bid to counter this political risk. Several corporations, worried about data security, are...

06:02 AM EDT, 03/21/2024 (MT Newswires) -- Reddit ( RDDT ) said late Wednesday it priced its initial public offering of 22 million shares at $34 apiece, at the top end of its targeted range of $31 to $34 per share. The company said its shares will begin trading Thursday on the New York Stock Exchange under the ticker symbol...

Li Auto Inc ( LI ) shares are tumbling today after the company cut the first-quarter FY24 vehicle deliveries guidance. The company lowered the first-quarter vehicle deliveries outlook to 76,000-78,000 from 100,000-103,000 expected earlier. The guidance cut is owing to lower-than-expected order intake. Related: EV Deliveries Continue To Fall In China As The Competitive Battle Rages On Xiang Li, chairman and chief executive...