(Reuters) -Zoom Video Communications Inc said on Tuesday it would cut about 1,300 jobs, as demand for the company’s video conferencing services slows with the waning of the pandemic, and take a[...]
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February 7, 2023
Volkswagen boosts earnings in 2022, high inventory drags down cash flow
By Victoria Waldersee BERLIN (Reuters) -Volkswagen AG’s earnings margin was at the upper end of its forecast for 2022 at 8.1%, with sales and earnings above 2021 levels despite supply-chain turm[...]
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Hertz has fewer Teslas in its fleet than planned
(Reuters) – Hertz Global Holdings Inc’s rental fleet has less than half the number of Tesla cars it planned to order in 2022, its regulatory filing showed on Tuesday. Hertz’s fleet i[...]
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DuPont expects strong second-half on boost from China’s reopening
By Ankit Kumar (Reuters) -DuPont de Nemours Inc on Tuesday projected results to improve in the second half of the year from steadying consumer electronics demand, normalized inventory levels at custom[...]
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Dollar drops as Fed’s Powell repeats disinflation comments, seen less-hawkish
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from one-month highs on Tuesday after U.S. Federal Reserve Chair Jerome Powell doubled down on statements last week that disinfla[...]
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Fed’s Powell says job strength shows inflation fight may last ‘quite a bit of time’
By Lindsay Dunsmuir and Howard Schneider (Reuters) – Friday’s blockbuster jobs report showed why the battle against inflation will “take quite a bit of time,” Federal Reserve C[...]
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U.S. farm incomes seen to fall in 2023, after hitting record highs
By P.J. Huffstutter CHICAGO (Reuters) – U.S. farm incomes this year are expected to fall for the first time since 2019 amid higher production expenses, a drop in direct government payments and a[...]
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Ex-Coinbase manager pleads guilty in insider trading case
By Luc Cohen NEW YORK (Reuters) – A former Coinbase Global Inc product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurre[...]
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U.S. judge rejects bail proposal for FTX founder Bankman-Fried
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried’s bail conditions, despite an agreement between the FTX cryptocur[...]
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