Category Archives:
Snap Inc’s profit warning sends ripples through social media stocks
(Reuters) - Snap Inc's shares slumped 30% before the bell on Tuesday after a profit warning from the social media company signaled tough times ahead for the once-booming industry, sparking a sector-wi...
May 24, 2022
McKinsey’s Paris office searched by authorities – reports
PARIS (Reuters) - Authorities carried out a search on Tuesday at the Paris office of U.S. management consultancy McKinsey, reported Le Parisien paper and Agence France Presse (AFP). Officials at McKin...
May 24, 2022
Apparel retailer Abercrombie sees weaker sales, margins as inflation bites
(Reuters) -Abercrombie & Fitch Co trimmed its full-year sales forecast on Tuesday as record-high inflation hits demand for the retailer's jeans, tops and dresses, sending its shares down 18% in premar...
May 24, 2022
Argentine bills strain wallets (literally) amid inflation drain
By Eliana Raszewski BUENOS AIRES (Reuters) - Argentine peso bills, devalued by years of inflation now soaring near 60%, are starting to cause a literal strain on wallets - with the largest banknote in...
May 24, 2022
Best Buy sees bigger drop in annual sales on inflation hit
(Reuters) -Electronics retailer Best Buy Co Inc lowered its full-year sales and profit forecasts on Tuesday, as red-hot inflation saps consumers' spending power. However, Best Buy shares jumped 8% in ...
May 24, 2022
App to help blind people navigate public transit to debut in Washington
By David Shepardson WASHINGTON (Reuters) - An app designed to help visually impaired or blind pedestrians use public transit will debut at a Washington subway station on Tuesday. Waymap aims to expand...
May 24, 2022
Factbox-Wall Street sees gray skies ahead for equities as Fed tightens policy
(Reuters) - With inflation in the United States running at levels not seen in four decades, market participants worry the Federal Reserve has fallen far behind the curve and will need to move aggressi...
May 24, 2022
In a faceoff with Elon Musk, the SEC blinked
By Chris Prentice and Michelle Price WASHINGTON (Reuters) - U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement h...
May 24, 2022
Uber seals taxi deal to expand its business in Italy
MILAN (Reuters) - Uber Technologies Inc has clinched a deal to integrate its ride-hailing app with Italy's largest taxi dispatcher as it seeks to boost its presence in the eurozone's third-largest eco...
May 24, 2022
OECD chief ‘quietly optimistic’ about EU global minimum tax deal approval
By Dan Burns DAVOS, Switzerland (Reuters) - The head of the Organisation for Economic Cooperation and Development (OECD) on Tuesday said he was "quietly optimistic" a landmark deal to establish a glob...
May 24, 2022
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