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...But charging would represent the first time that Google — which for many years offered free consumer services funded entirely by advertising — has made people pay for enhancements to its core search product...
...In its complaint, the FTC argued — as expected — that the tie-up would lead to higher prices, plus lower product quality and services for consumers....
...A Kroger spokesperson said that blocking the deal would “harm the very people the FTC purports to serve: America’s consumers and workers”....
...Pepsi said the deceleration was largely due to a recall in Quaker granola products over salmonella concerns and weak sales in North America....
...Amer has appointed Goldman Sachs, Bank of America, JPMorgan and Morgan Stanley as bookrunners for the IPO....
...Aditya Bhave, an economist at Bank of America, wrote in a note to clients that March’s “blowout” retail sales numbers were “unequivocally strong”....
...Google is releasing Gemini, its latest generative artificial intelligence system, alongside new offerings for businesses and consumers, as the tech giant races Microsoft and OpenAI to commercialise the cutting-edge...
...The regulator had previously refused to greenlight the products but changed course last year after losing a legal battle with Grayscale....
...“You have this extraordinary equity market performance but also some red flags, particularly when it comes to more economically sensitive consumers.”...
...Some TV shows could only be made in America....
...Investors will be keen to learn more about demand for its products as some companies have warned of a “stretched” US consumer....
...“And [they are] emblematic of what the DMA is supposed to deliver when it comes to choice for consumers.”...
...Big brands are already turning to AI to change how they sell their products....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...Unlike in the US, however, regulators in the UK have not approved bitcoin exchange traded funds, and believes crypto derivatives are “ill-suited” for retail consumers....
...To the extent that this is US-specific, the fallback explanation is that it is the product of the stunning recovery....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...The company shelved the product for consumers in early 2015, after wearers of the $1,500 headset had been dubbed “glassholes” for bringing cameras into unwelcome situations and in a few cases physically...
...These companies have little choice but to pass costs on to consumers. june.yoon@ft.com...
...product down-trading”....
...As America’s largest home-improvement retailer, Home Depot is often seen as a proxy for the US housing market....
...Walmart, for example, has made a 24 per cent gross profit this year on the products it sells in its supermarkets, despite being known for offering “everyday low prices”....
...However, it sells 12mn products and does not have market-dominating shares in very many of those products....
...“We’re more focused on the product.”...
...At that time, Toshiba had a solid global business in consumer digital products such as notebook computers and flat-panel TVs. But today, the company has lost this brand power....
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