US April CPI rise gives Fed little room for pivot soon – Instant View
NEW YORK (Reuters) – U.S. consumer prices increased in April on higher gasoline costs and rents, while underlying inflation remained…
Business
New York Times revenue hit by slow ad spending, subscriber growth
(Reuters) – The New York Times Co missed estimates for quarterly revenue on Wednesday as a turbulent economy sapped digital…
Roblox tops quarterly bookings estimates on higher gaming demand
By Tiyashi Datta and Yamini Kalia (Reuters) -Roblox Corp on Wednesday topped quarterly bookings estimates on Wednesday, as a wider…
Volkswagen defends China record at turbulent shareholder meeting
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen defended its record in China and its decision to jointly own…
Trulieve Cannabis misses revenue estimates on weak demand
By Ankit Kumar and Mrinalika Roy (Reuters) -Trulieve Cannabis Corp posted a bigger-than-expected fall in first-quarter revenue on Wednesday, as…
Ireland could amass $156 billion wealth fund with windfall corporate tax
DUBLIN (Reuters) – Ireland could amass a 142 billion euro ($156 billion) sovereign wealth fund by 2035 and cover much…
Airbnb tumbles as forecast hints at easing U.S. travel demand
(Reuters) -Airbnb’s shares slid 12% on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled…
Toyota targets 10% profit jump, robust EV sales as chip woes recede
By Daniel Leussink TOKYO (Reuters) -Toyota Motor Corp on Wednesday said it expects operating profit to climb 10% this business…
Vitamin Shoppe owner taken private in $2.6 billion deal with CEO-led group
(Reuters) -Vitamin Shoppe owner Franchise Group Inc would be taken private by a group led by CEO Brian Kahn in…
Big U.S. firms adopt cautious tone on China recovery
(Reuters) – Several U.S. companies, including PepsiCo, Qualcomm and Cummins, struck a cautious note on their growth prospects in China,…