Uber’s Surprise Stock Drop: Analyzing the Unexpected Post-First Profit Announcement Plunge
Uber has reached a momentous milestone, achieving its first-ever operating profit. The American ride-hailing giant, Uber Technologies Inc (NYSE: UBER),…
August 2, 2023
Spirit AeroSystems plunges 27% after bleak cash-flow outlook shocks investors
By Valerie Insinna and Abhijith Ganapavaram (Reuters) -Shares of Spirit AeroSystems plummeted 27% on Wednesday after the aerospace manufacturer disclosed…
Equinix projects quarterly revenue below estimates, shares slip
(Reuters) – Equinix forecast third-quarter revenue below market estimates on Wednesday, a sign that demand for data centers was slowing…
World battles to loosen China’s grip on vital rare earths for clean energy transition
By Ernest Scheyder and Eric Onstad (Reuters) – Refining rare earths for the green energy transition is hard. Just ask…
Ukrainians forced to become Russian citizens, US-backed research finds
By Anthony Deutsch AMSTERDAM (Reuters) -Ukrainians living in Russian-occupied territory are being forced to assume Russian citizenship or face harsh…
Trump supporters unfazed by new indictment: ‘This is all political’
By Jasper Ward and Gram Slattery WASHINGTON (Reuters) – The indictment of former President Donald Trump for his efforts to…
US labor board says work rules cannot hamper unionizing
By Daniel Wiessner (Reuters) – The agency that enforces U.S. labor laws on Wednesday made it more difficult for businesses…
JP Morgan CEO says capital regulations are disappointing, will curb lending
NEW YORK (Reuters) – JPMorgan CEO Jamie Dimon said on Wednesday bank regulators risk making mortgages and small-business loans less…
J&J talc cancer plaintiffs want 6-month ban on further bankruptcy filings
By Dietrich Knauth NEW YORK (Reuters) – Lawyers for thousands of people who claim Johnson & Johnson’s talc-based powders caused…
Sam Bankman-Fried enlists Harvard Law’s Tribe to stay out of jail
By Jonathan Stempel NEW YORK (Reuters) – The indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is trying to stay out…