Wall Street ends down, investors step back after Fitch US rating cut
By David French (Reuters) -Wall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a…
Day: August 2, 2023
PayPal’s weak margin eclipses upbeat spending outlook
By Sri Hari N S and Manya Saini (Reuters) -PayPal Holdings shares fell 7% in extended trading on Wednesday as…
Shopify forecasts solid revenue growth on higher prices, more signups
By Yuvraj Malik (Reuters) -Canada’s Shopify forecast strong revenue growth and delivered better-than-expected results for the second quarter on Wednesday,…
Robinhood beats revenue estimates, shares fall on decline in users
By Hannah Lang (Reuters) -Robinhood Markets Inc reported higher second-quarter revenue on Wednesday as interest rates continued to buoy the…
Oil settle lower despite record US crude stock drawdown
By Laura Sanicola (Reuters) -Oil prices settled down 2% on Wednesday despite a historic drop in U.S. crude stocks, as…
Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow
By Yuvraj Malik (Reuters) -Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers…
Biden officials protest ‘bizarre’ Fitch downgrade, cite Trump-era woes
By David Lawder WASHINGTON (Reuters) -Biden administration officials complained on Tuesday about ratings agency Fitch’s downgrade of the top U.S.…