(Reuters) -Apple Inc’s top executive Michael Abbott, who is in charge of cloud services, is leaving the company in April, Bloomberg News reported on Friday citing people familiar with the matter. The iPhone maker did not immediately respond to a Reuters request for comment. Abbott, who joined Apple in 2018, heads the iCloud service and …
Apple cloud chief Abbott to step down in April – Bloomberg News Read More »
By Joey Roulette WASHINGTON (Reuters) – A growing swarm of debris in space has led the U.S. government to attempt to set new space hygiene norms, while private companies are also investing in ways to tackle the messy orbital environment. Thousands of commercial satellites are being launched into Earth’s orbit at a record pace, driving …
As space junk threat grows, government and investors seek solutions Read More »
COPENHAGEN (Reuters) -Sweden-based Volvo Car AB said on Friday sales grew 22% year-on-year in February to 51,286 cars helped by a jump for its recharge models, sending its shares up. Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement sales of fully electric cars soared 187% to account for 19% of …
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank. In an argument for quarter-point hikes, Bostic said he favored “slow and steady” as …
(Reuters) – Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order, people familiar with the matter said on Thursday. A Bloomberg News report earlier in the day said that the Wall Street bank was cutting hundreds of jobs across the company, including its investment …
Citigroup to lay off less than 1% of staff – source Read More »
(Reuters) – Some oil and gas drillers operating on U.S. public lands are diverting natural gas to power cryptocurrency mining operations without paying federal royalties, according to a government watchdog report published on Wednesday. The Interior Department’s Office of Inspector General advised the agency, which oversees 420 million acres of federal lands, to issue guidance …
U.S. losing revenue from crypto mining fueled by federal gas -watchdog report Read More »
By Sinéad Carew NEW YORK (Reuters) – U.S. bank stocks have been attempting a comeback so-far this year after a more than 20% fall in 2022, fueled by hopes that the Federal Reserve will succeed in taming inflation without causing an economic catastrophe. The S&P 500 bank subsector is up 4.9% so far in 2023 …
Investors step into U.S. bank stocks, but with some caution Read More »
(Reuters) – Costco Wholesale Corp missed Wall Street expectations for quarterly revenue on Thursday, as consumers restrict their spending on discretionary items amid persistently high inflation. The membership-only retail chain’s total revenue for the second quarter was $55.27 billion, compared with estimates of $55.54 billion, according to Refinitiv data. (Reporting by Granth Vanaik in Bengaluru; …
Costco Wholesale misses quarterly revenue estimates Read More »
(Reuters) -Walmart Inc Chief Executive Doug McMillon, 56, plans to helm the country’s largest retailer for at least three more years as the company continues work to identify a successor, the Wall Street Journal reported on Thursday. McMillon’s plans to stay in the role for more than a decade will extend the company’s timeline for …
Walmart CEO plans to stay in role for at least three more years – WSJ Read More »
(Reuters) – Nordstrom Inc forecast full-year revenue below Wall Street estimates on Thursday, signaling high inflation levels were dampening consumer spending on discretionary items like apparel and footwear. The department store chain projects fiscal 2023 revenue to fall 4% to 6%, while analysts on average expect a 0.07% rise, according to Refinitiv IBES data. (Reporting …
Nordstrom sees weak annual revenue as inflation-hit consumers curb spending Read More »
