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Amazon criticizes ‘burdensome’ FTC probe into Prime

Amazon.com Inc (AMZN.O) confirmed that the Federal Trade Commission (FTC) has been investigating sign-up and cancellation processes for its Prime program since March 2021 The probe was previously reported by

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Skeptical on U.S. stocks, equity hedge funds sit out market rally

Still uncertain on where U.S. stocks are headed, equity hedge funds are sitting out the market rally despite taking big paper losses on bearish bets since June, according to industry

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Tencent plans to divest Meituan stake worth $24 billion

China’s Tencent Holdings (0700.HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.HK) to placate domestic regulators and monetise an eight-year-old

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Tencent’s Q2 results take center stage in Asia

A look at the day ahead in Asian markets from Jamie McGeever Earnings from China’s Tencent, an interest rate decision from New Zealand, and a clutch of Japanese economic indicators

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U.S. housing starts near 1-1/2-year low; factory output rebounds

U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the housing market could contract

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U.S. SEC charges 3 people with insider trading tied to Equifax hack

The U.S. Securities and Exchange Commission said on Tuesday it had charged three individuals for illegally tipping and trading in the securities of Equifax Inc (EFX.N) before the company announced

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Dollar steady before retail sales, Fed minutes

The dollar was little changed against a basket of currencies on Tuesday as investors waited on U.S. retail sales and minutes from the Federal Reserve’s July meeting on Wednesday. The

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