Wall St rallies as earnings season boost offsets economy worries
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The tech-heavy Nasdaq led a Wall Street rally on Thursday…
Economy
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…
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…
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…
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…
IRS won’t hire armed auditors, will add criminal investigators, new chief says
By David Lawder WASHINGTON (Reuters) – Internal Revenue Service Commissioner Danny Werfel on Thursday said the agency will not hire…
Fed emergency lending to banks ticks up modestly in latest week
By Michael S. Derby (Reuters) -Federal Reserve emergency lending to banks rose modestly in the latest week and remained at…
Democrats, Republicans dig in on debt-ceiling standoff after House action
By David Morgan and Richard Cowan WASHINGTON (Reuters) – The U.S. Senate showed no sign of moving to avoid a…