Reuters US Business

(Reuters) -Airbnb forecast third-quarter revenue below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due to economic uncertainty, sending its shares down about 14.63% after the bell. Domestic travel in the United States has been pressured since the start of the year as more …

Airbnb forecasts lower third-quarter revenue as economic worries slow demand Read More »

(Reuters) -Reddit forecast third-quarter revenue above Wall Street estimates on Tuesday, a sign that a recovering digital ad market would draw new advertisers to the social media platform. The results, the company’s second after it went public in March, follow bigger rival Meta’s upbeat second-quarter revenue and rosy sales forecast, driven by robust digital-ad spending. …

Reddit forecasts quarterly revenue above estimates on growing ad spend Read More »

By Deena Beasley (Reuters) -Amgen on Tuesday said its second-quarter profit slipped 1% as higher expenses offset a 20% increase in revenue driven by the biotechnology company’s October acquisition of rare disease drugmaker Horizon Therapeutics. Amgen reported adjusted earnings of $4.97 per share, which was just short of the average analyst estimate of $5.00, according …

Amgen second-quarter expenses hit profit, sales rise 20% Read More »

By David Shepardson WASHINGTON (Reuters) -The National Transportation Safety Board and Boeing have not been able to determine who removed a door plug in a new 737 MAX 9 Alaska Airlines 737 MAX 9 that suffered an in-flight emergency in January, the board’s chair said on Tuesday. NTSB Chair Jennifer Homendy told reporters Boeing needs …

NTSB, Boeing have not been able to identify who removed 737 MAX 9 door plug Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Selling pressure by volatility-linked funds that exacerbated losses in U.S. stocks over recent days may be on track to ease, analysts said. Volatility-linked strategies, including volatility control funds and equities trend-following commodity trading advisers (CTAs) control funds, are systematic investment strategies that typically buy equities when markets …

Selling from US volatility-linked funds may be drying up after $150 billion dump Read More »

By Suzanne McGee (Reuters) -Charles Schwab & Co. said on Tuesday that high trading volumes and a technical issue with a key vendor triggered temporary outages on its trading platform on Monday, a day when its customers rushed to navigate an outsize market selloff. A spokesperson for the firm did not identify what kind of …

Schwab says high volumes and technical issue with key vendor triggered Monday’s outage Read More »

(Reuters) – Solar firm SunPower said on Monday it filed for Chapter 11 bankruptcy in the United States and entered into a ‘stalking horse’ agreement with Complete Solaria to sell some of its business for $45 million in cash. A stalking horse bid is used as a starting or minimally accepted offer that other interested …

SunPower files for bankruptcy, to sell some $45 million assets via stalking horse bid Read More »

By Susanna Twidale LONDON (Reuters) – Around third of existing carbon credits have failed to meet criteria for a new standard that aims to serve as the global benchmark for the voluntary carbon market, its board said on Tuesday. In the voluntary market, companies can buy credits from projects such as wind farms or reforestation …

Around a third of carbon credits fail new benchmark test Read More »

By Medha Singh and Lisa Pauline Mattackal (Reuters) -“Never sell your bitcoin,” Donald Trump told a cheering crowd at a crypto convention in Nashville, Tennessee in late July.  The Republican presidential candidate’s speech was the latest overture in his effort to court crypto-focused voters ahead of November’s election and offered a bevy of campaign promises, …

Cryptoverse: Trump’s bitcoin stockpile plan stirs debate Read More »

(Reuters) -Holiday Inn-owner InterContinental Hotels Group reported a 3.2% rise in revenue per available room in the second quarter as a strong rebound in the United States offset weakness in China. Shares in IHG, which have been pressured in the past week after a warning from U.S. rival Marriott and U.S. recession fears, rose 4% …

Holiday Inn owner IHG posts strong Q2 as US rebound outweighs China weakness Read More »