by Reuters | May 9, 2024 | General
(Reuters) -Airbnb shares tumbled nearly 7% in afternoon trading on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat. The Easter holiday...
by Reuters | May 9, 2024 | General
By Clyde Russell SINGAPORE (Reuters) -It’s time for a reality check about decarbonising Asia’s vast and growing steel sector. Reducing the carbon footprint is possible, but only in stages, and over a far longer than ideal time period, and only if...
by Reuters | May 9, 2024 | General
By Ahmad Ghaddar, Trixie Yap and Shariq Khan LONDON/SINGAPORE/NEW YORK (Reuters) – Profit margins for diesel are slumping as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand, putting oil...
by Reuters | May 9, 2024 | General
(Reuters) -Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal. The agreements cover cases in U.S. state courts but...
by Reuters | May 8, 2024 | General
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) -President Joe Biden decided to hold back delivery of high payload munitions to Israel because Washington believes a possible Israeli offensive in the Gaza city of Rafah could put civilians at risk, Defense Secretary...
by Reuters | May 8, 2024 | General
(Reuters) – Emerson Electric raised its full-year profit forecast on Wednesday on steady demand in its unit that makes valves, regulators and actuators, sending the engineering solutions firm’s shares up about 2% in premarket trade. The company’s...
by Reuters | May 8, 2024 | General
LONDON (Reuters) – Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on the search giant’s business practices. The lawsuit...
by Reuters | May 7, 2024 | General
By Stephen Nellis (Reuters) -Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate the emerging technology. Debuting its latest chip in a tablet...
by Reuters | May 7, 2024 | General
By Mike Scarcella (Reuters) -TikTok’s new lawsuit to block a U.S. law forcing the social media company’s Chinese parent to divest it or be banned could spark a landmark clash over free speech, government power and the balance between open commerce and...
by Reuters | May 7, 2024 | General
By Lisa Richwine and Sheila Dang LOS ANGELES (Reuters) -Walt Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its stock tumbling 10%, on track for its deepest...
