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(Reuters) – Bumble forecast first-quarter revenue below Wall Street estimates on Tuesday, anticipating stiff competition from Tinder-parent Match Group amid slowing user spend on dating apps in an uncertain economy. The dating firm, which operates its eponymous app, expects first-quarter revenue between $262 million and $268 million, compared with analysts’ average estimate of $277.9 million, …

Bumble forecasts first-quarter revenue below estimates Read More »

(Reuters) -Streaming subscriber growth in the United States has halved in 2023, data from research firm Antenna showed, a sign that the boom might be over for the industry in its key market. Growth in the premium subscription-video-on-demand category slowed to 10.1% last year from 21.6% in 2022. But its overall growth has more than …

Streaming subscriber growth in US halved last year Read More »

By Nathan Gomes (Reuters) – Shares of legacy automakers have outpaced their electric counterparts over the last few weeks, as investors respond to company decisions to prioritize higher-margin, gas-powered models instead of pure battery vehicles. Automakers, including Ford Motor , General Motors, Mercedes, have scaled back on their ambitious EV plans. Electric vehicle demand has …

Hybrids, gas vehicles fuel legacy automakers’ shares past EV rivals Read More »

By Chris Sanders WASHINGTON (Reuters) – Grocery store chain Kroger’s bid to buy its close rival Albertsons has caused alarm in the U.S. West, where officials fear its potential dominance – controlling more than half the market in some states – will hurt consumers. The proposed deal would create a grocery empire with more than …

Western states among biggest skeptics of Kroger-Albertsons tie-up Read More »

DOHA (Reuters) – Qatar’s sovereign wealth fund on Monday said it would invest over $1 billion in international and regional capital funds as part of a strategy to develop the venture capital and start-up sector in the gas-rich Gulf state and neighbouring states. Qatar Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced the launch …

QIA to invest over $1 billion in venture capital funds Read More »

By Paritosh Bansal (Reuters) – Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. But it is unclear whether they will want to use it in a crisis. The Standing …

In the Market: Banks warily warm up to Fed repo backstop Read More »

By Harry Robertson LONDON (Reuters) – Euro zone bonds are trading more in sync with their U.S. peers than ever before, as investors ignore the slowdown in Europe and remain laser-focused on inflation and interest rates, driving correlations between the two markets to a record high in recent weeks. Although the enormous U.S. bond market …

Analysis-Euro zone bond markets mimic Treasuries, pushing correlations to record Read More »

(Reuters) – The United Steelworkers (USW) signed a non-disclosure agreement with Nippon Steel, the union said on Monday, as the Japanese company remains on track to finalize its planned $15 billion acquisition of U.S. Steel. However, the union said even with the agreement, Nippon has not provided it with all of the information requested. The …

United Steelworkers signs non-disclosure agreement with Nippon Steel Read More »

(Reuters) -Zoom Video Communications beat market expectations for quarterly revenue on Monday, helped by strong demand for its expanding product portfolio as more employers embrace hybrid work models, sending its shares up about 11% in extended trading. Revenue for the fourth quarter stood at $1.15 billion, beating an estimate of $1.13 billion, according to LSEG …

Zoom beats quarterly revenue estimates Read More »