By David Morgan (Reuters) -Lisa Cook, an economics professor at Michigan State University, on Tuesday won U.S. Senate confirmation as the first Black woman to serve on the Federal Reserve Board in the central bank’s 109-year history. (Reporting by David Morgan and Ann Saphir; Editing by Bernard Orr and Sandra Maler)
NEW YORK (AP) — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island. Besides potentially exposing workers to the virus at two Amazon facilities in New York City, the…
DETROIT (AP) — Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales. The Phoenix company said in a regulatory filing Tuesday that its executive team is giving up salaries for the rest of the year…
(Reuters) -Roblox Corp said it expects net losses to continue for the “foreseeable future”, after higher expenses and a slowdown in demand from pandemic-era highs dragged bookings in the first quarter. That also pushed the company’s quarterly loss below estimates, sending its shares down 3.8% in extended trading. Roblox, one of the world’s most popular…
By Tiyashi Datta (Reuters) -Electronic Arts Inc on Tuesday forecast first-quarter adjusted sales below estimates, as it braces for weaker sales of its video gaming titles in a post-lockdown world. Earlier, the company said it would pull the plug on its popular video-game franchise, FIFA, as it was ending a decades old partnership with the…
By Sheila Dang (Reuters) – Billionaire Elon Musk said Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of Tesla Inc, has inked a $44-billion…
By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) -Swedish Match shares leapt to a record high on Tuesday after Marlboro-maker Philip Morris International Inc said it was in talks to buy the Stockholm-based company in a bet on the fast-growing market for cigarette alternatives. A deal could be announced imminently valuing Swedish Match at close…
By Hyunjoo Jin and Eva Mathews (Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday that he will stay at the electric car company as long as he is useful amid investor concerns that buying Twitter would distract him from his job at Tesla. He also said China’s COVID-19 lockdown measures would not…
(Reuters) – Roblox Corp missed estimates for quarterly bookings on Tuesday, as demand for its online games waned with kids returning to school after pandemic curbs ease. The company, among the world’s most popular gaming sites for children, posted a 3% fall in first-quarter bookings to $631.2 million. Analysts had expected $644.8 million, according to…
By Davide Barbuscia NEW YORK (Reuters) – Interest rate jitters keep hammering the U.S. bond market but some investors are starting to think a possible slowdown in price pressure as well as support from yield-seeking buyers could soon put a ceiling – or at least a pause – on rising yields. U.S. Treasuries have had…
