Bloomberg Facing pressure from its wireless competitors, Verizon Communications Inc is offering free Apple and Android phones to customers who sign up for unlimited plans on its faster 5G network. Once a holdout on giveaways to existing customers, the largest US wireless carrier is now matching similar trade-in offers from AT&T Inc and T-Mobile US Inc — part of an ...

Bloomberg Facebook Inc is facing its first in-depth probe by European regulators, the latest in a series of efforts to crack down on big tech market dominance across the continent. The European Commission said it will investigate whether Facebook misuses a trove of data gathered from advertisers to compete against them in classified ads. It will also check if the ...

Bloomberg Nissan Motor Co is pushing back the release of its flagship Ariya electric vehicle, highlighting the struggle automakers everywhere are facing in trying to launch new cars amid a persisting shortage of semiconductors. When the Ariya SUV was first unveiled in July last year, Nissan said it was scheduled to go on sale in mid-2021. The company said a ...

Bloomberg Oil extended gains amid signs of a recovery in demand in parts of the western world, and after Opec+ provided an upbeat assessment of the market’s outlook. Futures in New York rise 0.8% after closing at the highest since October 2018. Brent also climbed after settling above $70 a barrel. US gasoline demand was the highest since the pandemic ...

Bloomberg Bullish calls on Chinese stocks appear to have gotten on the nerves of the country’s regulators, with state media reporting that authorities are against analysts forecasting specific levels for the market. “Some predictions in the market are rather whimsical and some people use exaggerated and empty terms in pursuit of influence,” according to a commentary posted on the official ...

Bloomberg European stocks rise while US equity futures drifted on Wednesday as the tussle between economic optimism and inflation concern continues to play out in markets. The dollar ticked up. The Stoxx Europe 600 Index climbed 0.2%, with energy shares getting a boost from oil prices at multi-year highs. Contracts on the S&P 500 and Nasdaq 100 gauges fluctuated. AMC ...

Bloomberg Opec+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace with the accelerating global recovery. “The demand picture has shown clear signs of improvement,” Saudi Energy Minister Prince Abdulaziz bin Salman said, in some ...

Bloomberg Australia’s central bank maintained its policy settings as it prepares to decide on extending its yield target and quantitative easing programs, with a Covid-19 lockdown complicating the outlook. The Reserve Bank of Australia kept the cash rate and three-year yield target at 0.10% in Sydney on Tuesday, as expected. It will make a decision in July on whether to ...

Bloomberg Hong Kong urged all banks to “strongly encourage” staff in client-facing roles or support functions to get vaccinated as the city struggles with local resistance to its free rollout. Banks should “identify and draw up a list of designated staff expected to receive inoculation,” Hong Kong Monetary Authority Deputy Chief Executive Arthur Yuen said in a circular to financial ...

Bloomberg A hot equity market in India is prompting HDFC Bank Ltd to try to muscle in on the action as companies raise record levels of funding. The government has flooded the market with money in response to one of the world’s worst outbreaks of coronavirus, pushing stocks to dizzying levels and helping companies to boost capital buffers. Despite being ...