By Sheila Dang (Reuters) -Snap Inc on Thursday missed analyst expectations for quarterly revenue as changes to its advertising platform hurt demand for ads, and warned results in the next quarter coul[...]
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April 27, 2023
Pinterest’s ad woes hurt revenue growth, shares slump
By Vansh Agarwal (Reuters) -Pinterest Inc forecast second-quarter revenue growth below Wall Street estimates on Thursday, as the image-sharing platform grapples with a pullback in advertising spending[...]
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Ex-CFO gets 3 years prison for stealing from SPACs to trade meme stocks, cryptocurrencies
By Luc Cohen NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison on Thursday for embezzling mor[...]
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Amgen 1st quarter profit falls as costs rise, sales up 2%
By Deena Beasley (Reuters) -Amgen Inc on Thursday reported lower first-quarter profit as expenses rose and a 2% increase in sales of its own drugs was offset by lower revenue from its deal to manufact[...]
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Peru wants to seize lithium ‘window of opportunity,’ says minister
LIMA (Reuters) – Peru’s economy minister on Thursday said “conditions were being established” to develop lithium mining projects in the country, a week after Chile launched a p[...]
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Alphabet, Meta lure back advertisers as smaller rivals struggle
By Sheila Dang (Reuters) -Advertisers are sticking with safe havens Alphabet and Meta Platforms in an uncertain economy, their quarterly results showed, likely helping the tech giants take market shar[...]
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US ethanol industry expands focus to lower-carbon aviation sector
By Stephanie Kelly NEW YORK (Reuters) – The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the[...]
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Norway sovereign wealth fund excludes Korea Gas, India’s GAIL over Myanmar link
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the world’s largest, citing ethical concerns over their ties to th[...]
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Capital One posts worse-than-feared quarterly profit on provisions
(Reuters) – Consumer lender Capital One Financial Corp’s first-quarter profit missed estimates on Thursday due to an increase in provisions that reduced gains from interest rate hikes. The[...]
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