Ben Glickman

Federal regulators are backing two tourists who have accused major Atlantic City casino-hotels of collusion, the latest push by competition officials to curb the use of algorithms in price-setting.

The case, originally brought in May 2023 by two tourists, named Caesars Entertainment and MGM Resorts International as defendants, among others.

Shares of Intel retreated early Wednesday after the company late yesterday released restated results for the last three years breaking out its Foundry chip-making business. It said in regulatory filings that it had generated an operating loss of about $7 billion in the business, widening from a 2022 operating loss of $5.2 billion. The Foundry business's internal revenue, or its sales originating from within the company, fell about 34% to $18 billion in 2023 from a year earlier.

Tesla CEO Elon Musk said a car model without a steering wheel or pedals would be unveiled on Aug. 8. Recommended Stories Barrons.com

Shares of Honest Co. fell Wednesday after it lost rights to use the name and likeness of founder Jessica Alba.

Dozens of firms change what and how they report on their diversity initiatives as DEI programs come under legal and political threat.

Dozens of firms change what and how they report on their diversity initiatives as DEI programs come under legal and political threat.

Verizon Communications' revenue rose slightly last quarter as the company lost fewer postpaid phone connections than expected and benefited from higher prices for its plans. The wireless carrier reported a profit of $4.72 billion, or $1.09 a share, for the first quarter, compared with $5.02 billion, or $1.17 a share, a year earlier. Verizon stock was down 1.5% in morning trading.

Toymaker Mattel sales slipped in its first quarter as the boom from last year’s “Barbie” movie eased. The company’s doll category, its largest by gross billings, which measures sales to retailers before adjustments, fell 4% in the first quarter. Gross billings for Barbie were roughly flat compared with a year earlier.

The government grant will fuel up to $125 billion in investment by Micron in New York and Idaho over the next 20 years, U.S. officials said.