(Reuters) – Meta Platforms has merged its advertising product, business messaging and commerce departments into one division, The Information reported on Thursday, citing an internal message by[...]
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April 27, 2023
US economic growth slows in first quarter as businesses draw down inventories
By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth slowed more than expected in the first quarter as an acceleration in consumer spending was offset by businesses liquidating inventor[...]
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Fed watchdog objects to Senate bill overhauling leadership selection
By Michael S. Derby (Reuters) – The Federal Reserve’s in-house watchdog agency is pushing back against proposed legislation in the U.S. Senate that would overhaul how the government depart[...]
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Mobileye shares sink as China EV demand ebbs
(Reuters) -Shares of Mobileye Global Inc fell by more than 30% on Thursday after the maker of autonomous driving technology lowered its forecast for annual revenue owing to a slowdown in demand for el[...]
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Citigroup’s global head of currencies, Staley, to leave bank – memo
By Laura Matthews NEW YORK (Reuters) – Citigroup Inc’s global head of foreign exchange, Stuart Staley, is leaving the bank and an interim head will be named in the coming weeks, according[...]
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J&J to retain all talc-related liabilities from litigation in US, Canada
(Reuters) -Johnson & Johnson said on Thursday it has agreed to retain all talc-related liabilities arising from litigation in the United States and Canada and will “indemnify” newly fo[...]
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Harley earnings beat despite tepid North American retail sales
By Kannaki Deka (Reuters) -Harley-Davidson Inc on Thursday reported better-than-expected first-quarter results even as retail sales in North America fell, indicating a softness in demand in the motorc[...]
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Analysis-China’s small steps on offshore use of yuan are starting to add up
By Tom Westbrook SINGAPORE (Reuters) – China’s yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system[...]
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Analysis-DeSantis’ showdown with Disney carries political risk
By James Oliphant and Alexandra Ulmer (Reuters) -In his face-off with Walt Disney Co, Florida Governor Ron DeSantis has frequently adopted the pose of a swaggering gunfighter out of the Wild West. “Th[...]
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