By Aishwarya Venugopal and Ananya Mariam Rajesh (Reuters) -Target Corp on Wednesday forecast a grim second quarter as consumers shun non-essentials such as electronics and home goods in the face of pe[...]
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May 17, 2023
Netflix ad tier has nearly 5 million monthly active users
By Lisa Richwine LOS ANGELES (Reuters) -Netflix Inc’s recently launched ad-supported tier reaches nearly 5 million active users per month, executives said on Wednesday in a pitch that emphasized[...]
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Fatal blaze at Texas refinery to result in lawsuits against Marathon
By Erwin Seba HOUSTON (Reuters) – Attorneys representing the family of a worker who was killed in a fire at a Texas City, Texas, refinery and another worker who was hospitalized said on Wednesda[...]
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Wall St rallies on debt ceiling optimism, regional bank rise
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal on the $31.4 trillion federal debt ceiling and as a rebound in regional[...]
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Fed’s watchdog defends work before Senate amid questions over his independence
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s in-house watchdog defended his agency’s independence and ability to conduct investigations in a Senate hearing on Wednesday,[...]
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Charles Schwab to raise $2.5 billion in long-term debt – WSJ
(Reuters) – Charles Schwab Corp is looking to raise $2.5 billion in long-term debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The financial services[...]
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Take-Two gains on gaming demand rebound, title delivery forecast
By Tiyashi Datta (Reuters) -Take-Two Interactive Software Inc on Wednesday beat analyst estimates for quarterly adjusted sales on strong demand from legacy titles “NBA 2K” and “Grand[...]
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Cisco’s orders hit by sluggish demand, shares fall
By Richard Francis (Reuters) -Cisco Systems Inc said on Wednesday a large backlog of products due to supply chain constraints has hit demand for new orders from customers, sending the company’s[...]
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Analysis-Elon Musk’s embrace of advertising at Tesla grabs marketers’ attention
By Akash Sriram and Hyunjoo Jin (Reuters) – With Elon Musk outlining plans for Tesla Inc to use traditional advertising for the first time, viewers might see the electric-vehicle maker’s M[...]
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