(Reuters) – U.S. stocks rose on Tuesday, with the S&P 500 and Nasdaq notching their longest streak of gains in two years, as a retreat in U.S. Treasury yields buoyed megacap growth stocks wh[...]
Read more
November 7, 2023
SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy
(Reuters) -WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday after its bets on companies using mor[...]
Read more
Goldman Sachs plans to offload GM credit card – source
(Reuters) -Goldman Sachs plans to offload its General Motors credit cards, a person familiar with the matter told Reuters on Tuesday. GM will start a process to find a new issuer for the cards instead[...]
Read more
Japan business mood improves, but global stress dims outlook – Reuters Tankan
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese manufacturers’ business confidence improved for the first time since August while service-sector mood rose for a second month, according to[...]
Read more
Coty raises annual core sales outlook as fragrances, cosmetics drive demand
By Ananya Mariam Rajesh (Reuters) – Coty on Tuesday raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent[...]
Read more
Robinhood misses Q3 revenue estimates on muted trading activity
By Manya Saini (Reuters) -Robinhood Markets missed Wall Street estimates for third-quarter revenue on Tuesday, weighed by a slowdown in trading activity, sending shares of the online brokerage down mo[...]
Read more
Shares of Spirit Aero down 16% as company looks to raise cash
WASHINGTON (Reuters) -Shares of Spirit AeroSystems dropped 16% in extended trade after the company announced new measures meant to raise capital for the embattled aerospace supplier. The company annou[...]
Read more
Cerberus owns 10% of Frontier Communications, held talks to boost stock – filing
By Svea Herbst-Bayliss NEW YORK (Reuters) – Alternative investment firm Cerberus Capital Management is now Frontier Communications Parent Inc’s second-largest stakeholder, with 10% in the[...]
Read more
Bumble forecasts weak fourth-quarter revenue, shares fall
(Reuters) – Bumble forecast fourth-quarter revenue below Wall Street estimates on Tuesday in a sign that sticky inflation and growing competition were weighing on user spending on its dating app[...]
Read more