spending
By Lisandra Paraguassu and Anthony Boadle BRASILIA (Reuters) – Soccer-mad Brazilians have fallen hard for online sports betting, yielding a boom of interest from foreign gambling companies that may boost state coffers but also threatens to divert funds from consumer spending in other areas. Latin America’s largest economy has seen…
By Valerie Volcovici WASHINGTON (Reuters) – Former President Donald Trump has said he would cancel all unspent funds from President Joe Biden’s signature climate law if he wins the presidential election on Nov. 5. But the vast majority of grants will be spent by the time a new president takes…
I am in the middle of what I’m calling Stay Home September.It’s something I made up — a catchy phrase to distract me from the fact that I have to stay home for the month to save money.I recently returned from a trip to Disney World, where the cost of…
Investing.com — Pinduoduo (NASDAQ:) faces headwinds despite strong growth as the parent company of online marketplace Temu is set ramp up spending to fend off rising competition that could cloud the path for earnings growth, analysts at Macquarie said in a Tuesday note. Macquarie downgraded Pinduoduo to neutral from outperform…
By Deborah Mary Sophia and Casey Hall (Reuters) -Alibaba Group Holding missed market expectations for first-quarter revenue on Thursday, as the company’s domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy. U.S.-listed shares of the company traded 1.7% lower as the market opened…
Ken Griffin is pouring millions of dollars into an effort to block recreational weed from becoming legalized in Florida.In a Friday op-ed for the Miami Herald, the billionaire founder of Citadel hedge fund wrote that he had pledged $20 million to various Florida politicians and the effort to block Amendment…
Leaders at Meta and Alphabet have conceded that they might be funneling too much money into AI out of fear of falling behind in the arms race.Meta CEO Mark Zuckerberg said during an earnings call with investors this week that one big focus for the company would be “figuring out…
Business Insider chief tech correspondent Ashley Stewart wrote a story this week based on what seemed like a pretty innocuous topic.It was about a CIO at a pharmaceutical company who had employees try Microsoft’s 365 Copilot AI-powered productivity software. After 6 months, he cancelled because the new features weren’t worth…
As he awaits the start of his sentence, Salame is using his remaining weeks of freedom to post non-stop.The former FTX executive has returned to social media and reentered the public discourse, weighing in on politics and crypto policy, and joking about his future in prison.Since his May 28 sentencing,…
Shoppers are slowing down spending on everything from burgers to dishwashers, and that’s bad news for a growing number of companies.Over the past few years, companies as varied as McDonald’s, PepsiCo, and UPS have increased prices, helping to push inflation sharply higher. While inflation has since cooled, Americans are still…
