By Jody Godoy (Reuters) – Meta Platforms Inc investors formally asked a U.S. appeals court to revive a proposed class action accusing the Facebook parent of concealing a serious privacy breach that let a political consulting firm harvest users’ personal information. The request came during oral arguments on Wednesday before the 9th U.S. Circuit Court…
By Natalie Grover and Maggie Fick LONDON (Reuters) – AstraZeneca on Thursday said it was poised to grow in 2023 and beyond, banking on its burgeoning line-up of cancer, metabolic and rare disease drugs to pick up the pace from dwindling COVID product sales. Its shares rose as much as 5% to be the second-best…
WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately” with any further interest rate increases, Richmond Fed President Thomas Barkin said on Thursday. “I’m confident that our foot is unequivocally on the brake,” Barkin said in a podcast posted to the Richmond Fed’s website….
(Reuters) -Canopy Growth Corp said on Thursday it would shed assets in Canada and reduce its workforce by about 60% as part of the pot producer’s efforts to reduce costs and turn profitable. U.S.-listed shares of Canopy tumbled nearly 9% in premarket trade after the company also reported a bigger quarterly loss. The company has…
KYIV (Reuters) – Elon Musk’s SpaceX should choose sides between Ukraine and Russia, a senior Ukrainian official said on Thursday, after the company said it was curbing Kyiv’s use of Starlink internet devices for controlling drones. Gwynne Shotwell, president and chief operating officer of SpaceX, said on Wednesday the Starlink service – which has provided…
(Reuters) – U.S. stock index futures rose on Thursday as a slew of strong quarterly earnings lifted sentiment after worries that the Federal Reserve will keep interest rates higher for longer had fueled losses on Wall Street a day earlier. Walt Disney Co climbed 6.6% in premarket trading after topping earnings estimates and announcing 7,000…
By Mark Miller (Reuters) – The old line that “you can’t take it with you” does not apply when it comes to your 401(k). When you change jobs or retire, you have three basic choices: leave your retirement account where it is, roll it over to a new employer or move it to a standalone…
By Marie Mannes STOCKHOLM (Reuters) – Volvo Cars said on Thursday 2023 was likely to be another challenging year, despite healthy demand for its vehicles, as the Swedish carmaker reported a fall in quarterly profit. Volvo Cars, which is majority-owned by Chinese automotive company Geely Holding, said its fourth-quarter operating profit dropped to 3.4 billion…
By Scott Murdoch and Shivam Patel SYDNEY/NEW DELHI (Reuters) -Financial index provider MSCI said on Thursday that some Adani securities should no longer be designated as free float, after market participants raised concerns about the eligibility of the Indian conglomerate’s companies for some of its indexes. Billionaire tycoon Gautam Adani has already has seen $110…
By Scott Murdoch and Shivam Patel SYDNEY/NEW DELHI (Reuters) -Financial index provider MSCI said on Thursday that some Adani securities should no longer be designated as free float, after market participants raised concerns about the eligibility of the Indian conglomerate’s companies for some of its indexes. Billionaire tycoon Gautam Adani has already has seen $110…
