Snap misses revenue expectations, warns on second quarter outlook
By Sheila Dang (Reuters) -Snap Inc on Thursday missed analyst expectations for quarterly revenue as changes to its advertising platform…
Business
Pinterest’s ad woes hurt revenue growth, shares slump
By Vansh Agarwal (Reuters) -Pinterest Inc forecast second-quarter revenue growth below Wall Street estimates on Thursday, as the image-sharing platform…
Ex-CFO gets 3 years prison for stealing from SPACs to trade meme stocks, cryptocurrencies
By Luc Cohen NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) was…
Amgen 1st quarter profit falls as costs rise, sales up 2%
By Deena Beasley (Reuters) -Amgen Inc on Thursday reported lower first-quarter profit as expenses rose and a 2% increase in…
Peru wants to seize lithium ‘window of opportunity,’ says minister
LIMA (Reuters) – Peru’s economy minister on Thursday said “conditions were being established” to develop lithium mining projects in the…
Alphabet, Meta lure back advertisers as smaller rivals struggle
By Sheila Dang (Reuters) -Advertisers are sticking with safe havens Alphabet and Meta Platforms in an uncertain economy, their quarterly…
US ethanol industry expands focus to lower-carbon aviation sector
By Stephanie Kelly NEW YORK (Reuters) – The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation…
Norway sovereign wealth fund excludes Korea Gas, India’s GAIL over Myanmar link
(Reuters) – The Norwegian central bank on Thursday excluded two oil and gas companies from its $1.4-trillion wealth fund, the…
Capital One posts worse-than-feared quarterly profit on provisions
(Reuters) – Consumer lender Capital One Financial Corp’s first-quarter profit missed estimates on Thursday due to an increase in provisions…
White House: Monitoring situation at First Republic, could step in if needed
By Andrea Shalal WASHINGTON (Reuters) – The White House is continuing to monitor the situation at First Republic Bank, which…