By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -A gauge of global equities fell on Tuesday as investors grew cautious ahead of key data on U.S. consumer prices, while the impasse over the U.S[...]
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May 9, 2023
Twilio forecasts weak second-quarter revenue, shares slip
(Reuters) -Twilio Inc on Tuesday forecast second-quarter revenue below estimates on shrinking demand for cloud services, sending the company’s shares tumbling nearly 13% in extended trading. The[...]
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Dollar edges up as markets await debt-ceiling talks, inflation data
By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation[...]
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Metaverse could contribute up to 2.4% of US GDP by 2035 – study
(Reuters) – The metaverse could contribute as much as $760 billion or about 2.4% to U.S. annual gross domestic product (GDP) by 2035, according to a study commissioned by Facebook owner Meta Pla[...]
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Canadian businessman offers to invest in Teck’s coal unit to thwart Glencore’s bid
By Divya Rajagopal TORONTO (Reuters) -Pierre Lassonde, a Canadian mining industry veteran, has made an offer to invest in Teck Resources Ltd’s coal business, in a bid to thwart Glencore Plc[...]
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Premature for Fed to call end to rate hikes with inflation still high, Williams says
By Michael S. Derby NEW YORK (Reuters) – New York Federal Reserve President John Williams said on Tuesday it is too soon to say whether the U.S. central bank is done raising interest rates, argu[...]
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EU draft rules propose tougher cybersecurity labelling rules for Amazon, Google, Microsoft
By Foo Yun Chee BRUSSELS (Reuters) – Amazon, Alphabet’s Google, Microsoft and other non-European Union cloud service providers looking to secure an EU cybersecurity label to handle sensiti[...]
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Walmart takes fintech plunge into Mexico’s risky marketplace
By Diego Oré MEXICO CITY (Reuters) – U.S. retail giant Walmart wants to get on top of Mexico’s fintech market with its Cashi digital wallet, yet analysts say its drive is strewn with poten[...]
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Coinbase ex-manager sentenced to 2 years in prison in US insider trading case
By Jody Godoy NEW YORK (Reuters) -Ishan Wahi, a former Coinbase Global Inc product manager, was sentenced on Tuesday to two years in prison in what U.S. prosecutors have called the first insider tradi[...]
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