By Stephen Culp NEW YORK (Reuters) – In the wake of the 50-basis-point interest rate hike by an increasingly hawkish Federal Reserve, markets have gyrated wildly ahead of this week’s U.S. economic data, which will be closely parsed for signs that inflation is peaking. Price growth has soared to the highest level since the early …
CPI, PPI: Markets look for signs of U.S. inflation peak Read More »
(Reuters) -Roblox Corp missed estimates for quarterly bookings on Tuesday, as demand for its online games waned with kids returning to school after pandemic curbs ease. Easing of restrictions and a reopening economy has affected bookings for pandemic winner Roblox, one of the world’s most popular gaming sites for children, as kids now spend more …
LONDON (Reuters) – Sri Lanka’s shorter-dated sovereign dollar bonds slipped as much as 1 cent on Tuesday, a day after protests over the government’s handling of the economic crisis turned deadly, killing seven people and injuring more than 200. The 2025 and 2026 bonds traded at deeply distressed levels of around 41 cents in the …
Shorter-dated Sri Lanka dollar bonds slip after deadly clashes, political turmoil Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4% on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates. The Nasdaq closed at its lowest level since …
S&P 500 ends below 4,000 for 1st time since March 2021; growth shares lead decline Read More »
By Paresh Dave OAKLAND, Calif. (Reuters) -Dating apps maker Match Group Inc sued Alphabet Inc’s Google on Monday, calling the action a “last resort” to prevent Tinder and its other apps from being booted off the Play store for refusing to share up to 30% of their sales. Match’s lawsuit is the latest to target …
Google faces antitrust lawsuit from dating app owner Match over Play store fees Read More »
By Tom Polansek and Deborah Mary Sophia (Reuters) -Tyson Foods Inc raised its full-year sales outlook on Monday as soaring meat prices drove its quarterly revenue and earnings above expectations. Meatpackers have come under scrutiny from the White House and Congress over prices, with the Biden administration blaming a lack of competition in the sector …
Tyson Foods raises annual sales forecast as U.S. meat prices soar Read More »
(Reuters) – Uber Technologies Inc will scale back hiring and reduce expenditure on its marketing and incentive activities, according to a letter from Chief Executive Officer Dara Khosrowshahi seen by Reuters. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week …
Uber to cut costs, slow down hiring, CEO tells staff Read More »
(Reuters) -AMC Entertainment beat Wall Street expectations for first-quarter revenue on Monday, as the release of big-ticket films such as “The Batman” drew crowds to movie halls, driving a surge in box-office collections at the theater chain. After its business was hammered by the pandemic for much of last year, AMC is slowly turning a …
AMC beats revenue estimates as ‘Batman’ drives box-office collection Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Proxy advisory firm Egan-Jones recommended that Kohl Corp shareholders elect four of the 10 board candidates nominated by activist investment firm Macellum Advisors as the department store considers selling itself. Kohl’s stock dropped 9.15% in a broad market sell-off but climbed 1.32% in after-hours trading. Egan-Jones said shareholders should …
Egan-Jones backs 4 of Macellum’s dissident board director candidates at Kohl’s Read More »
(Reuters) – Bitcoin dropped 7.81% to $31,333.41 at 20:03 GMT on Monday, losing $2,655.98 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 35% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, fell 9.02% to $2,295.06 on Monday, losing $227.61 from …
