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…
Category: General
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.…
Tinder-parent Match sees third-quarter revenue above estimates on strong user growth
(Reuters) – Match Group forecast revenue for the third quarter above Wall Street estimates on Tuesday, as the Tinder parent…
Huge rallies boost Tupperware, Yellow shares into ‘meme stock’ club
By Medha Singh and Chibuike Oguh (Reuters) -Shares of Tupperware Brands Corp, Yellow Corp and other U.S. companies have soared…
Uber shares fall as fears over Lyft’s pricing eclipse first operating profit
By Akash Sriram (Reuters) -Uber’s shares fell 6% on Tuesday after the ride-hailing company warned Lyft was competing effectively on…
Meta prepares AI-powered chatbots in attempt to retain users – FT
(Reuters) – Meta Platforms is preparing to launch a range of artificial intelligence (AI) powered chatbots that exhibit different personalities…