WASHINGTON, Feb 1 (Reuters) – The White House on Wednesday unveiled fresh efforts to slash credit card late fees and drive down the prices that Apple Inc (AAPL.O) and Google parent Alphabet Inc (GOOGL.O) charge on mobile app stores . The move is part of a larger policy drive to promote competition in consumer markets, … Read more
LONDON, Feb 1 (Reuters) – The end of the easy-cash era is over and its impact has yet to be felt on world markets, hopeful that the pain of aggressive rate hikes and high inflation has passed. US and UK central banks are unwinding stimulus further by offloading bonds they hold, and the European Central … Read more
Jan 31 (Reuters) – US chip maker Advanced Micro Devices Inc (AMD.O) on Tuesday posted revenue that beat Wall Street targets and said it expected business to improve in the second half, enthusing investors who saw the company gaining on rival Intel. Shares rose about 1.5% in after hours trading. Although AMD’s forecast was behind … Read more
Loss in 2022 exceeds previous record from 2008 Inflation, geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an end a … Read more
LONDON, Jan 31 (Reuters) – Europe’s glittering luxury companies, the region’s top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive. The likes of French luxury giant and Louis Vuitton-owner LVMH, and Swiss jewelry company Richemont (CFR.S), have … Read more
NEW YORK, Jan 30 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) is preparing to seek bankruptcy protection as soon as this week, and has lined up liquidators to close additional stores unless a last-minute buyer emerges, four people familiar with the matter said on Monday. The timing of any bankruptcy filing was in flux … Read more
Morning Bid: Fasten your seatbeltsReuters
SHANGHAI, Jan 29 (Reuters) – China’s smartphone sales fell 13% year-on-year in 2022, the largest plunge for the sector in a decade as consumers spent cautiously, market research firm IDC said on Sunday. The total number of devices shipped was 286 million, down from 329 million in 2022. That meant total 2022 sales volume was … Read more
WEARE, New Hampshire Jan 27 (Reuters) – When Donald Trump trounced his Republican rivals in New Hampshire’s 2016 primary, the stunning win announced to other states the reality TV showman was a serious contender. Trump went on to capture the Republican nomination and then the White House. But as the former president kicks off his … Read more
Microsoft, Tesla lead S&P, Nasdaq higher IBM announces job cuts, asset divestment Bed Bath & Beyond sinks on default notice Intel slides after the bell following results Indexes up: Dow 0.61%, S&P 1.10%, Nasdaq 1.76% NEW YORK, Jan 26 (Reuters) – Wall Street ended a choppy session higher on Thursday as investors grappled with an … Read more