By Ann Saphir and Dan Burns WASHINGTON – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if the standoff doesn’t act[...]
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May 4, 2023
Expedia Group beats Street estimates on record lodging bookings
By Doyinsola Oladipo NEW YORK (Reuters) -Expedia Group Inc on Thursday beat Wall street estimates for first-quarter revenue on record lodging bookings as travel returns to urban markets and internatio[...]
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Aussie watchdog rejects Virgin Australia-Alliance Aviation charter deal
(Reuters) -Australia’s competition regulator said on Friday it has declined to reauthorise an agreement between Virgin Australia and Alliance Aviation Services to jointly provide fly-in and fly-[...]
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Hollywood insiders predict writers strike to drag on through summer
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – The Hollywood writers’ strike that kicked off this week could last well into the summer and likely beyond, top executives clos[...]
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Carvana expects to record core profit in second quarter; shares jump
(Reuters) -Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to further bring down excess used-car inventory as the retailer sharpens its focus on cutting c[...]
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Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
By Mehnaz Yasmin (Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources, sendin[...]
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Wall Street ends down as PacWest fuels fears of deeper bank crisis
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street ended lower on Thursday after PacWest’s move to explore strategic options deepened fears about the health of U.S. lenders and hi[...]
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Lyft shares tumble as cheaper rides to hurt second-quarter margin
By Akash Sriram (Reuters) – Lyft Inc forecast a dull second quarter as price cuts in its race with bigger rival Uber to add more riders take a toll on margins, sending the shares of the ride hai[...]
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DoorDash rides on delivery demand to raise 2023 core profit forecast
By Granth Vanaik (Reuters) -DoorDash Inc raised its annual core profit forecast after beating quarterly revenue expectations on Thursday, benefiting from an increase in orders for food, groceries and[...]
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