(Reuters) -AMC Entertainment on Wednesday beat analysts’ estimates for first-quarter revenue, as films like “Dune: Part Two”, “Civil War” and “The Fall Guy” brought audiences to the world’s largest theater chain. Shares of the Leawood, Kansas-based company fell about 1% in extended trading. The company reported a fall in quarterly revenue that was cushioned by …
Theater chain AMC posts quarterly revenue above estimates Read More »
(Reuters) -Bumble beat Wall Street estimates for first-quarter revenue on Wednesday, a sign that its push for attracting payers at its dating apps is paying off. Shares of the Austin, Texas-based company, which offers dating apps such as Bumble, Badoo, and Fruitz, rose more than 4% in aftermarket trading. Bumble has benefited from its aggressive …
Bumble beats first-quarter revenue estimates, shares surge Read More »
By David French (Reuters) -The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive U.S. monetary policy. The other Wall Street benchmarks cooled a touch as momentum stalled and U.S. Treasury …
Dow ends higher for 6th session, but Treasury yields pressure market Read More »
BUENOS AIRES (Reuters) -Argentina’s industrial output plunged 21.2% in March from a year ago, the INDEC statistics agency said on Wednesday, the worst slide since the depths of the COVID-19 pandemic as libertarian President Javier Milei pushes a tough austerity package. The new government, which inherited an economic crisis with triple-digit inflation when it took …
Argentina industrial output crashes near pandemic lows as Milei austerity bites Read More »
(Reuters) – Crypto asset manager Grayscale Investments’ proposal for an exchange-traded fund tied to ether futures was withdrawn last week, according to a Tuesday notice from the U.S. Securities and Exchange Commission. WHY IT’S IMPORTANT The decision by NYSE Arca — the exchange where Grayscale’s ETF would have been listed if approved — to withdraw …
Grayscale’s application for ethereum futures ETF withdrawn Read More »
By Doyinsola Oladipo and Aishwarya Jain (Reuters) -Vacation rental company Airbnb reported a higher quarterly profit on Wednesday but forecast second-quarter revenue below Wall Street expectations, sending shares of the company down 7% after the bell. Accommodation companies in the first quarter have seen the demand for travel in regions outside of North America boost …
Airbnb forecasts weaker Q2 revenue despite robust demand for international travel Read More »
By Ron Bousso LONDON (Reuters) – BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals. CEO Murray Auchincloss has in recent months pivoted the London-based firm’s strategy to focus heavily …
BP softens tone on 2030 oil output cut to reassure investors Read More »
By Daniel Leussink TOKYO (Reuters) -Toyota Motor forecast a 20% profit decline in the current financial year on Wednesday, citing looming investment in both its suppliers and strategy after it delivered blockbuster fourth-quarter earnings. Despite the leaner forecast, the results from the world’s top-selling automaker smashed market expectations. Operating profit surged 78% in the January-March …
Toyota says investment to weigh on profit after blockbuster Q4 Read More »
By Supantha Mukherjee STOCKHOLM (Reuters) – Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by the U.S. online retailer to break into the global telecoms market. While some telecom networks have moved IT and other non-core operations to …
Exclusive-Amazon breaks into Europe 5G networks with Telefonica cloud deal Read More »
By Andrey Sychev and Nick Carey BERLIN (Reuters) -BMW said on Wednesday it expects a slight drop in pre-tax profit this year due to higher research and development, manufacturing and personnel costs, with a decrease in used car prices also contributing to the decline. The Munich-based automaker reported a fall in its first-quarter profit margin …
BMW says costs, low used car prices to weigh on 2024 pre-tax profit Read More »
