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…
NEW YORK (AP) — Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights. Drivers were paying $4.37 for a gallon of regular Tuesday, on average, according to AAA. That’s 25 cents higher than a month ago, and $1.40 more…
SACRAMENTO, Calif. (AP) — Water use in California jumped nearly 19% in March compared to 2020 as residents defied pleas for conservation from Gov. Gavin Newsom and other authorities amid a severe drought, state officials announced Tuesday. Newsom last summer asked residents to voluntarily cut water use by 15% compared to 2020. He encouraged people…
By Lisa Baertlein LOS ANGELES (Reuters) -For more than two years, Isaac Larian has used every available tool to overcome global supply-chain bottlenecks and keep retailers stocked with enough Bratz and LOL Surprise! dolls to meet pandemic demand. Asked how he’s preparing for this summer’s West Coast port labor talks, the chief executive of Los…
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…
(Refiles to add graphics) By Stephen Culp NEW YORK (Reuters) -In the wake of the 50-basis-point interest rate hike by an increasingly hawkish Federal Reserve, markets have gyrated wildly ahead of this week’s U.S. economic data, which will be closely parsed for signs that inflation is peaking. Price growth has soared to the highest level…
By Alun John HONG KONG (Reuters) -TerraUSD, one of the world’s largest stablecoins, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin’s tumble below $30,000 for the first time in 10 months. Stablecoins are digital tokens pegged to the value of traditional assets, such as the U.S. dollar….
By Manas Mishra and Michael Erman (Reuters) – Pfizer Inc said on Tuesday it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co, making a big bet its ability to boost sales of the top-selling pill in a new class of migraine drugs. The boards of both companies have approved the deal, they said….
