By Dawn Chmielewski and Supantha Mukherjee (Reuters) -Spotify Technology SA on Wednesday said it expects to reach $100 billion revenue annually in the next 10 years and promised high-margin returns from its costly expansion into podcasts and audiobooks. The audio streaming company hosted its first investor day since going public in 2018, hoping to stoke…
Delta Air Lines lost $940 million in the first quarter, hurt by a rise in fuel prices, but bookings surged in recent weeks, setting up a breakout summer as Americans try to put the pandemic behind them. Wall Street had expected the loss in a quarter marred by the omicron variant of COVID-19. Investors focused…
A look at the day ahead in U.S. and global markets from Mike Dolan Flush with hope that impressive disinflation will allow the Federal Reserve to end its rate-hike campaign this month, world markets now navigate a second-quarter corporate earnings season which the big U.S. banks kick off in earnest on Friday. JPMorgan, Citigroup, Wells…
By Kanishka Singh WASHINGTON (Reuters) -Over half of Americans surveyed in the last year reported facing online harassment and hate during their lifetime, including more than 75% of transgender responders, advocacy group Anti-Defamation League (ADL) said on Wednesday. ADL’s fifth such annual survey showed that reports of online hate and harassment over the last 12…
LUGANO, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy said Monday the reconstruction of his war-battered country is the “common task of the entire democratic world,” as his prime minister laid out a $750 billion recovery plan once the guns of Russia’s invaders fall silent one day. As Russian forces continued their crushing advance in Ukraine’s…
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets gained on Friday after traders cheered a Russian bond payment that averted a historic sovereign default, while gold prices dropped as demand for the safe-haven metal eased following the start of the U.S. interest rate hike cycle. The Russian finance ministry announced on Thursday that it…
WASHINGTON (AP) — Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy. The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from…
By Alexandra Ulmer (Reuters) -The conservative U.S. political network led by billionaire Charles Koch has raised over $70 million to spend on political races, an official with the group said on Thursday, with a key goal of stopping former President Donald Trump from clinching the 2024 Republican nomination. The influential group, which pushes for tax…
By Joseph Ax and Dawn Chmielewski (Reuters) -Florida Governor Ron DeSantis on Friday signed a bill into law that gives a new board he controls the power to void development agreements its predecessor body signed with Disney – the latest episode in a feud between the conservative governor and the entertainment giant. Under the bill,…
COPENHAGEN, Denmark (AP) — NATO Secretary-General Jens Stoltenberg will become Norway’s next central bank governor, officials said Friday. Stoltenberg’s tenure at NATO ends later this year. Norway’s government announced his appointment at the central bank in a statement and said it hopes he can start in his new role around Dec. 1. “I am grateful…
