China’s services activity grows but at slower pace – Caixin PMI
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s service activity grew for a fourth month in April, a private-sector…
Technology
Apple iPhone sales inch up, bolstering results amid shaky economy
By Stephen Nellis (Reuters) – Apple Inc’s results beat expectations on Thursday, showing off the tech giant’s resilience in a…
Hollywood studios push back against striking writers’ claim of ‘gig’ workforce
By Lisa Richwine and Danielle Broadway LOS ANGELES (Reuters) -The group representing Hollywood studios fired back on Thursday at claims…
Apple says patent owner, law firm revealed settlement secrets in Google trial
By Blake Brittain (Reuters) – Apple Inc on Wednesday accused patent owner Arendi S.A.R.L. of revealing secret information about a…
TikTok advertisers stick by the app amid threat of US ban
By Sheila Dang (Reuters) – Advertisers are committed to continue spending on TikTok due to its immense popularity with users…
Expedia Group beats Street estimates on record lodging bookings
By Doyinsola Oladipo NEW YORK (Reuters) -Expedia Group Inc on Thursday beat Wall street estimates for first-quarter revenue on record…
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…
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…