The disappearing stock price vibes has returned to Snap Inc. as the camera-fueled social media company’s fundamental struggles don’t appear to be ending with the calendar having flipped to 2023. Snap stock plunged 15% in pre-market trading on Wednesday following another ugly quarter on the back of a soft ad market and persistent changes to …
Snap stock is plunging and ‘issues are intensifying,’ analyst says Read More »
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty ImagesPeloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscriptions revenue was higher than sales of the company’s connected fitness products.CEO Barry McCarthy called the …
New York CNN — A tech CEO is apologizing after quoting Martin Luther King Jr. in a layoffs announcement. On January 24, PagerDuty CEO Jennifer Tejada sent a letter to employees announcing the digital operations management company would eliminate about 7% of its workforce. Tejada quoted King at the end of that letter. “I am …
Tech CEO apologizes for quoting Martin Luther King Jr. in layoff announcement Read More »
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | ReutersGold demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to the …
Gold demand surged to 11-year high on ‘colossal’ central bank buying Read More »
State Farm, progressive drop future Kia and Hyundai coverage NBC NewsWoman’s Kia stolen in Kentwood twice, losing insurance WOODTV.comState Farm says it has stopped insuring some Kia, Hyundai vehicles CBS NewsRoss: Kia is getting sued for thefts, but why not TikTok? MyNorthwestProgressive, State Farm halt new car insurance policies for high theft models of Kia …
State Farm, progressive drop future Kia and Hyundai coverage – NBC News Read More »
EXCLUSIVE: Every Republican senator and Democrat Joe Manchin are introducing legislation that they hope will terminate the Biden administration’s new environment, social and governance (ESG) rule, which they say “politicizes” the retirement savings for 152 million Americans. The Biden administration’s Department of Labor unveiled a rule in November, set to go into effect on Jan. …
Asia-Pacific shares, Fed, GDP CNBCAsian stocks higher ahead of Fed rate decision The Associated Press – en EspañolChina stocks are close to bull market highs after returning from Lunar New Year break CNBCStocks firm, dollar retreats ahead of Fed decision ReutersWall Street ticks higher, adding to its strong January KOKI FOX 23 TULSAView Full Coverage …
Gautam Adani, billionaire and chairman of the Adani Group, during an event at the Port of Haifa in Haifa, Israel, on Tuesday, Jan. 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said his company will make more investments in Israel. Bloomberg | Bloomberg …
How Asia’s richest man lost his crown in just a few days Read More »
Inflation in the euro zone eased in the last two months of 2022 but the economic indicator is still well-above the 2% mandate of the European Central Bank. Jeff Greenberg | Universal Images Group | Getty ImagesInflation in the euro zone dropped for a third consecutive month in January on the back of a significant …
Inflation euro zone January 2023 print ahead of ECB rate meeting Read More »
HONG KONG, Feb 1 (Reuters Breakingviews) – It helps to have friendly investors and rich families on hand when finalizing a tricky share sale. These groups dragged Gautam Adani’s $2.4 billion capital call across the finish line on Tuesday, despite a selloff triggered by Hindenburg Research’s short attack on the eponymous infrastructure conglomerate. The feat …
Breakingviews: Gautam Adani’s next hurdles may be harder to clear Read More »