JERUSALEM (Reuters) – Wix.com, which helps small businesses build and operate websites, on Wednesday reported a smaller-than-expected second-quarter loss and announced a plan to sharply reduce costs by $150 million a year. The Israeli company said it had lost 14 cents per share excluding one-time items, compared with a loss of 28 cents per share …
Website creator Wix.com plans cost cuts as Q2 loss narrows Read More »
(Reuters) -U.S. worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948 when the Labor Department began tracking it, while growth in unit labor costs accelerated, suggesting strong wage pressures will continue to help keep inflation elevated. Nonfarm productivity, which measures hourly output per worker, fell at a …
U.S. productivity posts biggest ever annual drop in second quarter Read More »
By Fergal Smith (Reuters) – Canada’s main stock index fell on Tuesday, with technology shares leading the move lower ahead of U.S. inflation data expected to set the tone for additional Federal Reserve interest rate increases. The Toronto Stock Exchange’s S&P/TSX composite index ended down 90.87 points, or 0.5%, at 19,578.30, after four straight days …
Toronto market gives back some recent gains as tech weighs Read More »
By Katanga Johnson WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) will propose a new rule on Wednesday aimed at boosting hedge and private fund leverage disclosures, among other details, according to a source familiar with the agency’s thinking. The proposal by the Wall Street regulator would require funds to provide more information on …
U.S. SEC to propose new rule boosting hedge, private fund leverage disclosures – source Read More »
By Stephanie Kelly, Laila Kearney and Laura Sanicola NEW YORK (Reuters) – U.S. oil refiners and pipeline operators expect energy consumption to be strong for the second half of 2022, even though analysts and industry watchers have worried that demand could falter if the global economy enters a recession or high fuel prices deter travelers. …
U.S. oil refiners, pipeline companies expect strong demand for rest of 2022 Read More »
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is likely to raise its benchmark interest rate by 600 basis points this week to tackle the country’s high inflation, market participants told Reuters on Tuesday. Analysts and local traders consulted by Reuters agreed that the bank could bring the nominal annual rate to 66% …
Argentina’s central bank likely to raise interest rate this week, say traders Read More »
By Herbert Lash and Bansari Mayur Kamdar NEW YORK (Reuters) – The Nasdaq closed down on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stocks lower as investors await U.S. inflation data that could lead the Federal Reserve to further tighten its efforts to curb inflation. High inflation numbers on …
Nasdaq closes lower as chipmaker Micron’s warning renews tech rout Read More »
(Reuters) -Coinbase Global Inc reported a loss for the second quarter on Tuesday, hurt by a plunge in trading volumes as this year’s rout in risky assets curbed investor appetite for trading in cryptocurrencies. Shares of the company were down 6% in extended trading. Investors have dumped speculative assets from stocks to crypto this year …
Crypto exchange Coinbase posts loss as trading volumes plunge Read More »
(Reuters) – Short interest on the Nasdaq fell 3.12% in late July, the exchange said on Tuesday. As of July 29, short interest fell to about 12.65 billion shares, from 13.058 billion shares as of July 15. Investors who sell securities “short” borrow shares and then sell them, expecting the stock to fall so they …
Nasdaq says short interest fell 3.12% in late July Read More »
(Reuters) -Roblox Corp missed estimates for quarterly bookings on Tuesday, as the gaming platform faced a slowdown in the pandemic-fueled surge in spending for its games including “Jailbreak” and “Adopt Me!”. Shares of the San Mateo, California-based company fell 11% in extended trading. During the pandemic, more people turned to gaming as an alternate source …
Roblox misses quarterly expectation for bookings Read More »
