By David Shepardson and Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Thursday voted to revoke the authorization for China Unicom’s U.S. unit to operate in the United States, citing national security concerns. The 4-0 vote to revoke the authority that had been granted in 2002 is the latest move by…
By Cassandra Garrison MEXICO CITY (Reuters) -Shares of Mexican telecoms giant America Movil fell on Thursday after a regulator scuttled its long-term goal to enter the local pay TV market, raising speculation over the next moves by the company controlled by the family of Mexican tycoon Carlos Slim. The stock dropped 3.94%, the biggest daily…
NEW YORK (AP) — Growth keeps slowing for Robinhood Markets, the upstart company that upended the brokerage industry, and its stock keeps falling. The company whose easy-to-use trading app helped bring a new generation of investors to the market said Thursday that its revenue rose 14% in the fourth quarter from a year ago, less…
NEW YORK (Reuters) -Visa Inc beat Wall Street quarterly estimates on Thursday as improving consumer sentiment, online shopping and an uptick in travel drove spending volumes. The world’s largest payments processor said transactions rose 21% to $47.6 billion during the quarter compared with a year earlier, while cross-border volumes increased 40%. Quarterly net revenues rose…
NEW YORK (Reuters) -Visa Inc beat Wall Street estimates on Thursday as improving consumer sentiment and holiday shopping, along with an uptick in travel, drove spending volumes. The world’s largest payments processor said transactions rose 21% to $47.6 billion during the quarter compared with a year earlier, while cross-border volumes increased 40%. Quarterly net revenues…
(Reuters) -Mondelez International Inc topped Wall Street estimates for quarterly revenue on Thursday, as the Oreo cookie maker benefited from higher prices and strong demand for its chocolates and biscuits in emerging markets. Packaged food makers have been struck by soaring shipping and labor expenses due to a strained supply chain, while surging demand for…
By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla’s most important products this year and next will not be cars, Chief Executive Elon Musk said on Wednesday, but software that drives them autonomously and a humanoid robot. The audacious promises by the best-known billionaire in the electric car industry face major challenges, from technology to regulation….
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell on Thursday after Brent crude hit a seven-year high above $90 a barrel, as the market balanced concerns about tight worldwide supply with expectations the U.S. Federal Reserve will soon tighten monetary policy. Global benchmark Brent fell 62 cents to settle at $89.34 a barrel,…
By Jarrett Renshaw and Nichola Groom WASHINGTON (Reuters) -The White House is considering extending Trump-era tariffs on solar power imports, but with a handful of tweaks to make it easier for domestic installers to access supplies, according to two sources familiar with the administration’s thinking. The plan represents an attempt by U.S. President Joe Biden’s…
By Cassandra Garrison MEXICO CITY (Reuters) – Shares of Mexican telecoms giant America Movil slipped on Thursday, a day after a highly anticipated vote by a regulator kept the company without a sought-after license to enter the local pay TV market. Shares of the company, controlled by the family of Mexican tycoon Carlos Slim, fell…
