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By Aditya Soni and Jaspreet Singh (Reuters) – Bob Iger returned to Walt Disney (NYSE:) as CEO in 2022 with a bold promise of making streaming profitable. The latest quarterly results have shown signs of a turnaround at the storied media company, suggesting that Iger may be getting the House…
By Abigail Summerville (Reuters) – Wall Street’s major indexes ended higher on Friday, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in U.S. job growth in October. Amazon.com (NASDAQ:) rose 6.2% after it reported earnings on Thursday that revealed strong retail sales, boosting profit…
By Stephen Nellis (Reuters) -Apple beat Wall Street sales and profit expectations on Thursday for its fiscal fourth quarter, bolstered by strong early sales of iPhone 16, a set of phones designed for new AI features that was released near the end of the quarter. Apple (NASDAQ:) said sales were $94.93…
By Florence Tan SINGAPORE (Reuters) – Oil prices hovered at eight-month lows on Monday as fears of a recession in the United States, the world’s top oil consumer, offset concerns that escalating tensions in the Middle East may affect supplies from the largest producing region. futures inched down 4 cents,…
By Virginia Furness (Reuters) -Amazon has become the first company to sidestep a global standard for verifying carbon offsets that was developed by a non-profit funded largely by the U.S. technology conglomerate’s founder and executive chair, Jeff Bezos. Amazon (NASDAQ:) is backing the development of a new standard that could…
By Shashwat Chauhan and Jesus Calero (Reuters) -European shares were flat in lacklustre trade on Wednesday as losses in heavyweight healthcare and technology stocks undercut gains in mining and travel shares, while British shares lagged following the release of inflation data. The pan-European held steady at 514.67 points as of…
(Reuters) – Futures tracking the Nasdaq leapt on Thursday on gains in heavyweight technology stocks, aided by broadly unchanged bets on the Federal Reserve easing interest rates in September despite the central bank projecting just one cut this year. Investor sentiment got a boost from softer-than-expected inflation data and Fed…
By Valerie Volcovici WASHINGTON (Reuters) – The U.S. government unveiled on Tuesday its policy for using voluntary carbon credits that seeks to put “guardrails” to boost confidence in a nascent market after some high-profile offset projects failed to deliver the promised emissions reductions. The heads of the Treasury, Energy and…
Investing.com– Most Asian stocks fell on Thursday with Chinese markets leading declines as a trade war with the U.S. appeared to be heating up, while fears of higher interest rates also weighed on sentiment. Still, some chipmaking stocks rose tracking positive earnings from Nvidia. Regional markets took a weak lead-in…
