By Steve Holland WASHINGTON (Reuters) – President Joe Biden and top lawmakers agreed on Tuesday to further talks aimed at breaking a deadlock over raising the $31.4 trillion U.S. debt limit, with just three weeks before the country may be forced into an unprecedented default. After about an hour of talks in the Oval Office, …
Biden, McCarthy divided over debt ceiling but talks continue Read More »
By Deborah Mary Sophia and Abigail Summerville (Reuters) -Tempur Sealy International Inc said on Tuesday it would buy retailer Mattress Firm in a cash-and-stock deal valued at about $4 billion, as the leading U.S. bedding maker looks to stem a post-pandemic decline in sales. Mattress companies have struggled in recent quarters from an easing in …
Tempur Sealy seeks sales bounce with $4 billion deal for Mattress Firm Read More »
By Saeed Azhar and Jonathan Stempel NEW YORK (Reuters) -Goldman Sachs Group Inc agreed to pay $215 million to settle a class action alleging widespread bias against women in pay and promotions, ending one of the highest-profile lawsuits claiming unequal treatment of women on Wall Street. The settlement disclosed on Monday covers about 2,887 current …
Goldman Sachs to pay $215 million to end gender bias lawsuit Read More »
(Reuters) -Videogame publisher Electronic Arts Inc beat fourth-quarter booking estimates on Tuesday as the latest installments in its “FIFA” and “Madden NFL” series kept gamer interest strong, sending the company’s shares up 3.3% after the bell. Elevated levels of inflation have forced gamers to get picky with the titles they choose to buy, with many …
EA’s quarterly bookings beat estimates on ‘FIFA’ strength Read More »
(Reuters) -Twilio Inc on Tuesday forecast second-quarter revenue below estimates on shrinking demand for cloud services, sending the company’s shares tumbling nearly 13% in extended trading. The San Francisco-based cloud service provider had benefited during the pandemic on strong demand from businesses looking to operate amid lockdowns, but its growth has inched lower as customers …
Twilio forecasts weak second-quarter revenue, shares slip Read More »
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Platforms. The concept of the metaverse includes augmented and virtual reality technologies that allow users to immerse themselves in a virtual world or …
Metaverse could contribute up to 2.4% of US GDP by 2035 – study Read More »
By Carolina Mandl and Caroline Valetkevitch NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday as investors grew more cautious ahead of a U.S. consumer price index report and a meeting between U.S. political leaders to discuss the debt ceiling. Investors will look for clues on whether inflation is continuing to ease following …
Wall Street closes down as focus shifts to inflation data, debt talks Read More »
(Reuters) -Rivian Automotive Inc beat Wall Street estimates for quarterly revenue on Tuesday as it sold more higher-priced electric vehicles and stood by its annual production forecast of 50,000 cars. Shares in Rivian, which also cut costs during the January-March period, rose 3% in extended trading as investors cheered its results that followed Lucid Group …
Rivian quarterly revenue beats estimates on higher-priced EV sales Read More »
By Divya Rajagopal TORONTO (Reuters) -Pierre Lassonde, a Canadian mining industry veteran, has made an offer to invest in Teck Resources Ltd’s coal business, in a bid to thwart Glencore Plc’s hostile attempt to merge with Teck. Vancouver-based Teck has rebuffed Swiss mining company Glencore’s $22.5 billon offer to combine the two companies and is …
Canadian businessman offers to invest in Teck’s coal unit to thwart Glencore’s bid Read More »
By Michael S. Derby NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Tuesday it is too soon to say whether the U.S. central bank is done raising interest rates, arguing that if more action is needed policymakers won’t hold back. “We haven’t said we are done raising rates” and Fed …
Premature for Fed to call end to rate hikes with inflation still high, Williams says Read More »
