By Jeffrey Dastin (Reuters) – Amazon.com Inc, the global retailer whose results can represent a bellwether for the e-commerce industry,…
Tech giants feel pain as cloud spending cuts suggest slowdown
By Tiyashi Datta, Jane Lanhee Lee and Chavi Mehta (Reuters) – In a further sign that large companies may be…
Yellen says debt ceiling should ‘not be held hostage’ by Congress-CNN
CLEVELAND (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday that both she and President Joe Biden agree that…
Intel trims full-year forecast, battered shares rise
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chipmaker Intel Corp on Thursday cut its full-year profit and revenue forecast…
Pinterest soars as revenue beat stands out in social media gloom
By Vansh Agarwal and Shreyaa Narayanan (Reuters) -Pinterest Inc beat estimates for quarterly revenue on Thursday, making it a rare…
S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture
By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended…
Chemical maker TPC Group reaches $30 million bankruptcy settlement
By Dietrich Knauth (Reuters) – Bankrupt Texas petrochemical producer TPC Group on Thursday announced a $30 million settlement with junior…
Gilead profit tops expectations despite lower COVID drug sales, outlook raised
By Deena Beasley (Reuters) – Gilead Sciences Inc on Thursday posted a higher-than-expected third-quarter profit on the back of strong…
U.S. declines labor probe at Saint-Gobain in Mexico, applauds new union win
MEXICO CITY (Reuters) – The U.S. Trade Representative has declined to file a complaint with Mexico over alleged worker rights…
T-Mobile’s cheaper plans, 5G edge help lift 2022 subscriber forecast again
By Eva Mathews (Reuters) -T-Mobile US Inc on Thursday raised its annual forecast for monthly bill-paying wireless subscriber additions for…