08:50 AM EDT, 04/03/2025 (MT Newswires) -- Consumer stocks declined premarket Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) was down 1.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) recently fell by 5.3%. Nike ( NKE ) shares were down more than 13%, a day after US President Donald Trump announced tariffs on several major apparel-exporting...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

08:46 AM EDT, 04/03/2025 (MT Newswires) -- ConnectM Technology Solutions ( CNTM ) said Thursday it is reviewing a non-binding offer from its three largest institutional investors, SriSid LLC, Arumilli LLC, and Win-Light Global Co. Ltd., to acquire the company for $1.60 per share, valuing it at $46.5 million. The company said it is seeking investment banking advice to assess...

LONDON/MOSCOW, April 3 (Reuters) - Eight OPEC+ countries agreed on Thursday to advance their plan to phase out oil output cuts by increasing output by 411,000 barrels per day in May, an unexpected decision that prompted oil prices to extend earlier losses. Oil, which was already down over 4% on U.S. President Donald Trump's announcement of tariffs on trading partners,...