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Amazon mulls $5 to $10 monthly price tag for unprofitable Alexa service, AI revamp

Known internally as “Banyan,” the project would represent the first major overhaul of the voice assistant since it was introduced in 2014 along with the Echo line of speakers.

Kremlin says US decision to ban Kaspersky software designed to stifle competition

The Kremlin said on Friday that a U.S. decision to ban sales of Kaspersky's software was a typical move by Washington to stifle foreign competition with American products.

Germany fines Citigroup over 'fat-finger' failures

Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation's bank regulator said on Thursday, as its consumer protection division imposed its largest penalty ever.

Debt ceiling standoff could trigger US rating downgrade, TD's Goldberg says

A potential debt ceiling standoff in the United States next year could be one of the worst since the 2011 crisis, which may trigger another sovereign credit rating downgrade, said Gennadiy Goldberg, the head of U.S. rates strategy at TD Securities.

What happens next in the EU investigation into Chinese EVs?

The European Commission is planning to impose provisional duties on electric vehicles (EVs) produced in China ranging from 17.4% to 38.1%, on top of its standard 10% tariff for car imports.

Used car retailer CarMax posts 33% drop in first-quarter profit

CarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.

Wall Street futures edge lower ahead of business survey data

U.S. stock index futures edged lower on Friday as megacap tech and chip stocks lost ground, with investors awaiting manufacturing and services sectors surveys for more clues on the health of the world's largest economy.

Morning Bid: Nvidia gets vertigo, dollar builds

A look at the day ahead in U.S. and global markets from Mike Dolan

China sanctions Lockheed Martin over Taiwan arms sales

China has imposed sanctions against some Lockheed Martin Corp subsidiaries and senior executives over U.S. arms sales to Taiwan, China's foreign ministry said in a statement.

Nissan halts production at Changzhou plant as China woes persist

Nissan Motor has halted production at its Changzhou plant in China as it seeks to optimise its operations, the Japanese automaker said on Friday.

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