Category Archives:
Ferrari core earnings rose 27% in Q1 on increased shipments, pricing
MILAN (Reuters) -Ferrari's core earnings rose 27% in the first quarter of this year on increased shipments, as the Italian luxury sports car maker on Thursday said demand for its cars stretched into 2...
May 04, 2023
Peloton forecasts stronger Q4 on third-party sales boost
(Reuters) -Peloton Interactive Inc on Thursday forecast fourth-quarter revenue above Wall Street estimates, as the fitness equipment maker sees a recovery after expanding its sales channels to third-p...
May 04, 2023
Paramount Global revenue disappoints on slow subscriber growth, weak ad market
(Corrects paragraph 1 and headline to say the company added fewer, not lost, subscribers) (Reuters) -Paramount Global Inc missed first-quarter revenue estimates on Thursday as it added fewer subscribe...
May 04, 2023
Goldman Sachs named as defendant in SVB-related class action lawsuit
(Reuters) - Goldman Sachs is among the underwriters named as defendants in a securities class action lawsuit related to several of SVB Financial Group's share offerings in 2021 and 2022, the investmen...
May 04, 2023
Alibaba’s global online commerce arm weighs US IPO – Bloomberg News
(Reuters) -Alibaba Group Holding Ltd's international online shopping unit is exploring a U.S. initial public offering, Bloomberg News reported on Thursday citing people familiar with the matter. The e...
May 04, 2023
Shopify divests logistics arm to Flexport in strategic reversal
By Krystal Hu (Reuters) - Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian e-c...
May 04, 2023
Russian rouble soars to one-month high as oil prices halt slide
By Alexander Marrow (Reuters) - The Russian rouble climbed to a more-than-one-month high on Thursday, gaining for a fifth straight session, as oil prices staged a partial recovery, countering the impa...
May 04, 2023
ConocoPhillips beats first-quarter profit on high fuel demand, tight supplies
(Reuters) - U.S. shale producer ConocoPhillips beat Wall Street estimates for first-quarter profit on Thursday as sustained fuel demand and tight crude supplies kept oil prices elevated. Benchmark Bre...
May 04, 2023
Shopify to cut 20% of its workforce, beats quarterly revenue estimates
(Reuters) -Canada's Shopify Inc said on Thursday it would cut 20% of its workforce, marking the Canadian e-commerce company's second round of mass layoffs. The company also beat Wall Street estimates ...
May 04, 2023
Adviser to Italy’s Treasury tables proposal for windfall tax on banks
By Giuseppe Fonte ROME (Reuters) - Italy should introduce a tax on banks to claw back extra profits made on the back of rising interest rates that have not been passed on to consumers, an adviser to t...
May 04, 2023
Peoria, IL, USA
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