Zoom Raises Annual Sales Forecast in Sign Pandemic-Era Customers Here to Stay
Zoom Video Communications Inc. shares slid after the company reported that a plan to grow sales with enterprise customers may not proceed as quickly as expected.
Bloomberg Business
South African Defense Minister Insists No Arms Shipped to Russia
South Africa’s defense minister insisted that the country didn’t ship weapons to Russia and welcomed plans for an inquiry into allegations by the US that it did.
Yelp Jumps Most Since August on Report Activist Urges Sale
Yelp Inc. shares rose the most since August following a Wall Street Journal report that an activist investor has called for the company to look into a sale and other strategic options.
Hungary Cuts EU’s Highest Key Interest Rate to Spur Economy
Hungary cut its key interest rate for the first time in three years as it begins to dismantle an emergency monetary regime that halted a forint selloff and helped rein in runaway inflation.
Micron’s China Blow Darkens Its Path Toward Recovery
Just as Micron Technology Inc. investors were starting to glimpse the end of a painful demand slump, the Chinese government is making the recovery path murkier.
Standard Chartered CEO Sees ‘Reasonable Stasis’ in World Economy
Standard Chartered Plc Chief Executive Officer Bill Winters is sanguine about the state of the world right now — and his bank’s place in it.
Cut Stocks, Buy Gold, Hold Your Cash, JPMorgan’s Kolanovic Says
A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.
BT’s €458 Million EU Security Deal Axed in Post-Brexit Spat
BT Group Plc was dumped from a lucrative €458 million ($494 million) European Union contract to handle sensitive communications between the bloc’s governments amid a dispute over the British firm’s potential access to EU secrets following Brexit.
AMLO’s Seizure of a Billionaire’s Rail Line Is Making Investors Wary of Mexico
The president appears intent on forcing them to do business on his terms
Luxury Stocks Lose $30 Billion in One Day on Demand Fears
A blistering rally in luxury goods stocks this year powered by international demand particularly from China has taken a hit, wiping out more than $30 billion from the sector on Tuesday.
