(Reuters) -Roku forecast upbeat third-quarter revenue and posted market-beating results for the second quarter on improved ad sales, sending the shares of the streaming device maker up 9% after the bell. After several months of muted spending, companies are raising their expenditure on ads on signs of cooling inflation and improving consumer sentiment. “We have…
By Joseph White, Paul Lienert and Nathan Gomes (Reuters) -Ford Motor Chief Executive Jim Farley on Thursday outlined a significant change in the automaker’s product strategy, slowing the ramp-up of money-losing EVs, shifting investment to Ford’s commercial vehicle unit and citing plans to quadruple sales of gas electric hybrids over the next five years. He…
By Rachel Nostrant (Reuters) – An 11-year-old Florida girl was arrested and charged with filing a false police report for allegedly claiming a man with a gun kidnapped her best friend, a sheriff said on Thursday. The girl told authorities that she had made the call as part of a social media trend in which…
By Lewis Jackson SYDNEY (Reuters) – Foreign bank lending to Australian office real estate hit a record high in the first quarter as overseas lenders continued to stump up cash for a struggling corner of the property market out of favour with local banks. Foreign bank loans to Australian office property rose by A$1.2 billion…
NEW YORK (Reuters) – A look at the day ahead in Asian markets from Stephen Culp, financial markets columnist. Could this be a landmark day for the Bank of Japan? Asian markets are likely to come under pressure on Friday, backing down from five-month highs as the Bank of Japan opens the door to allowing…
UNITED NATIONS (Reuters) – The United States supports the United Nations Security Council’s taking action to de-escalate the situation in Niger, a spokesperson for the U.S. UN mission said on Thursday after soldiers in the African country declared a coup. U.S. Ambassador to the U.N. Linda Thomas-Greenfield spoke to Niger’s president, Mohamed Bazoum, on Thursday,…
By Leonardo Benassatto and Ana Mano SAO PAULO (Reuters) -At least eight people were killed and nearly a dozen were injured after a grain silo explosion on Wednesday at an agricultural co-operative in southern Brazil, the government of Parana state where the incident occurred and the company involved said on Thursday. The blast happened at…
By Kanishka Singh (Reuters) – A lawsuit filed on Thursday by former Michigan State University athletes victimized by Larry Nassar alleges that its trustees voted in secret to withhold thousands of documents related to the disgraced team doctor in violation of state law. “We contend that board members made a behind-closed-doors secret decision not to…
By David Morgan and Josephine Walker WASHINGTON (Reuters) -The U.S. House of Representatives on Thursday passed the first of 12 fiscal 2024 spending measures that Congress must enact by Sept. 30 or risk a government shutdown, but Republican infighting over spending levels clouded the path ahead for the other bills. The House voted 219-211 to…
By David Shepardson WASHINGTON (Reuters) -Ford Motor CEO Jim Farley and Executive Chairman Bill Ford held meetings this week with U.S. lawmakers in Washington amid Republican criticism of the automaker’s licensing deal with Chinese battery manufacturer CATL to build a Michigan battery plant. Last week, the chairs of two U.S. House of Representatives committees said…
