By Johann M Cherian, Ankika Biswas and Carolina Mandl (Reuters) -Wall Street’s main indexes tumbled on Tuesday after a higher-than-expected consumer inflation reading pushed back market expectat[...]
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February 13, 2024
Airbnb sees Q1 revenue above Street estimates on strong international travel
By Aishwarya Jain and Doyinsola Oladipo -Short-term rental company Airbnb forecast first-quarter revenue above Wall Street estimates on Tuesday, as it expects a boost from strong cross-border travel a[...]
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Walmart in talks to buy Vizio for more than $2 billion, WSJ reports
By Siddharth Cavale (Reuters) -Walmart is in talks to buy smart-television manufacturer Vizio for more than $2 billion, the Wall Street Journal reported on Tuesday, a move that could bolster its adver[...]
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Casino Operator MGM beats fourth-quarter estimates on China travel rebound
(Reuters) – MGM Resorts International beat market expectations for fourth-quarter on Tuesday, as its China business benefited from th removal of certain pandemic-related restrictions in gambling[...]
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Robinhood posts surprise profit on interest income boost, trading rebound
By Manya Saini (Reuters) -Robinhood Markets posted a surprise profit in the fourth quarter on Tuesday, driven by higher interest income from customers paying back loans and a rebound in trading, sendi[...]
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Stocks fall, dollar and yields gain after hot US inflation data
By Caroline Valetkevitch NEW YORK (Reuters) -Global stock market indexes dropped, the 10-year U.S. Treasury yield hit a 2-1/2-month high and the dollar touched a three-month peak against the yen on Tu[...]
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NYCB shares drop as rate worries add to CRE exposure risk
By Niket Nishant (Reuters) -New York Community Bancorp shares fell nearly 4% after inflation data on Tuesday on investor worries that delays to interest-rate cuts could worsen the bank’s woes fr[...]
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Oil up on geopolitical tension, gains capped by fading Fed rate-cut hopes
By Georgina McCartney Houston (Reuters) -Oil prices settled higher on Tuesday as geopolitical tensions continued in the Middle East and eastern Europe, but gains were curtailed as investors reined in[...]
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Marketmind: Bracing for US inflation aftershock
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. If anyone was wondering what it would take to puncture the U.S. economic ‘soft landing’ hopes that have fueled[...]
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