03:37 PM EDT, 06/04/2025 (MT Newswires) -- Consumer stocks were mixed late Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.1%. In corporate news, Mullen Automotive ( MULN ) shares surged 252%. The company raised $14.4 million via two securities purchase agreements with some investors,...

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,...

(Reuters) -Yale University is finalizing the sale of up to $2.5 billion of its private equity and venture capital assets, Bloomberg News reported on Wednesday. The Ivy League school's endowment is in advanced talks on the portfolio sale, code-named Project Gatsby, with an overall discount expected to be less than 10%, Bloomberg News reported citing people familiar with the matter....

(Reuters) -Reddit ( RDDT ) sued the artificial intelligence startup Anthropic on Wednesday, accusing it of stealing data from the social media discussion website to train its AI models despite publicly assuring it wouldn't. The complaint filed in San Francisco Superior Court is the latest battle over AI companies' alleged unauthorized use of third-party content. Anthropic's backers include Amazon.com (...