Hollywood insiders predict writers strike to drag on through summer
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – The Hollywood writers’ strike that kicked off this week could…
Business
Carvana expects to record core profit in second quarter; shares jump
(Reuters) -Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to…
Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
By Mehnaz Yasmin (Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-feared loss in the first quarter, benefiting from cost…
Wall Street ends down as PacWest fuels fears of deeper bank crisis
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street ended lower on Thursday after PacWest’s move to explore strategic…
Lyft shares tumble as cheaper rides to hurt second-quarter margin
By Akash Sriram (Reuters) – Lyft Inc forecast a dull second quarter as price cuts in its race with bigger…
DoorDash rides on delivery demand to raise 2023 core profit forecast
By Granth Vanaik (Reuters) -DoorDash Inc raised its annual core profit forecast after beating quarterly revenue expectations on Thursday, benefiting…
Bumble posts robust quarterly revenue on sustained user spending
By Vansh Agarwal (Reuters) -Bumble Inc beat estimates for first-quarter revenue on Thursday as user spending on its eponymous dating…
Ed Sheeran did not violate ‘Let’s Get It On’ copyright, US jury finds
By Blake Brittain and Brendan Pierson NEW YORK (Reuters) -Ed Sheeran’s 2014 hit “Thinking Out Loud” did not unlawfully copy…
Epstein accuser suing JPMorgan seeks to disqualify bank’s law firm
By Andrew Goudsward (Reuters) – A Jeffrey Epstein accuser suing JPMorgan Chase & Co for allegedly aiding the late financier’s…
Block beats earnings expectations, shakes off short seller report
By Hannah Lang (Reuters) -Block Inc posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash…