Category Archives:
Tinder gets swiped left as Match’s forecast disappoints
By Vansh Agarwal and Shreyaa Narayanan (Reuters) -Match Group Inc on Tuesday forecast first-quarter revenue below expectations after Tinder, the face of online dating, became a sore point in 2022 and ...
Jan 31, 2023
Snap swings to quarterly net loss, expects lower Q1 rev; shares fall
By Sheila Dang (Reuters) -Snap Inc on Tuesday said current quarter revenue could decline by as much as 10%, sending its shares down 14% as the company struggles with weak advertising demand. The owner...
Jan 31, 2023
Local doctor reacts to coming end of COVID emergency declarations
PEORIA, Ill. – Is it a good idea for the Biden Administration to end the U.S.’ COVID-19 emergency declarations in May as the rest of the world sees a continued surge in new cases? Doctor D...
Jan 31, 2023
White House blasts Exxon over historical $56 billion annual profit
By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) -The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp's record net profit in 2022 of $56 billion, a historical high no...
Jan 31, 2023
Peloton to report lower cash burn on bumpy road to turnaround
By Abhijith Ganapavaram and Kannaki Deka (Reuters) - Peloton Interactive Inc's effort to cut costs in the latest quarter may have helped the fitness equipment maker burn less cash, but that only means...
Jan 31, 2023
Currency fluctuations’ impact on N. American cos rose sharply in Q3 -report
NEW YORK (Reuters) - The negative impact of currency fluctuations on North American companies' results rose sharply again in the third quarter of 2022, data from treasury and financial management firm...
Jan 31, 2023
U.S. corporate default rate to rise in 2023 -Moody’s
By Matt Tracy (Reuters) - Moody's Investors Service expects the U.S. corporate debt default rate to accelerate to nearly 6% by year-end from 2% in 2022, it said in a report on Tuesday. The actual rate...
Jan 31, 2023
Payments firm PayPal to lay off 7% of its workforce to cut costs
By Manya Saini (Reuters) - PayPal Holdings Inc said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slow...
Jan 31, 2023
County Clerks raising concerns about allocation of funds for rental housing program
PEORIA, Ill. – County clerks and housing authority leaders in Central Illinois are raising concerns about where money meant for rental housing assistance is going to. Representatives from Peoria...
Jan 31, 2023
Senators propose new U.S. airline passenger protections after meltdowns
WASHINGTON (Reuters) - A group of seven U.S. senators on Tuesday proposed sweeping consumer protections for airline passengers after a series of disruptions over the last year. U.S. Senators Richard B...
Jan 31, 2023
Peoria, IL, USA
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