By Johann M Cherian and Noel Randewich (Reuters) – Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Re[...]
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February 14, 2023
Marriott expects key metric to rise in China on tourism rebound
By Priyamvada C (Reuters) -Marriott International Inc said on Tuesday it expects an over 30% rise in its 2023 revenue per available room (RevPAR), a key measure for a hotel’s top-line performanc[...]
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Stocks, dollar make little progress, after U.S. inflation data
By Sinéad Carew (Reuters) – The S&P 500 ended Tuesday’s volatile session slightly lower while the dollar was barely higher on Tuesday after data showed U.S. consumer inflation stayed s[...]
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Airbnb confident on revenue as travel demand defies recession fears
(Reuters) -Airbnb Inc on Tuesday forecast current-quarter revenue above market estimates on resilient travel demand and said it would keep a tight lid on costs to protect margins, sending its shares 1[...]
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Buffett-backed Nubank’s quarterly profit surges amid robust customer demand
(Reuters) – Nu Holdings Ltd reported a surge in fourth-quarter gross profit on Tuesday, as customers flocked to the core lending products offered by the Warren Buffett-backed digital banking fir[...]
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Reddit aims for IPO in second half of 2023 – The Information
(Reuters) – Social media platform Reddit Inc is looking to go public later this year, likely in the second half, the Information reported on Tuesday, citing people familiar with the matter. Redd[...]
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Bernstein, Biden’s chief economist pick, big backer of ‘worker power’
By Andrea Shalal WASHINGTON (Reuters) -U.S. President Joe Biden on Tuesday said he would nominate trusted confidante and long-time economic adviser Jared Bernstein to head the White House Council of E[...]
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Airbus says Air India to lease jets on top of record order
By Tim Hepher PARIS (Reuters) – Airbus will start delivering narrow-body A320neo-family jets to Air India at the end of this year as part of a 250-plane order, the aircraft manufacturer’s[...]
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Neiman Marcus to lay off about 5% of workforce
(Reuters) – Neiman Marcus Group said on Tuesday it would lay off about 5% of its workforce, or around 500 employees, as the luxury department store chain looks to cut costs in a tough economy. T[...]
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