Once Wall Street’s stars, Big Tech falls back to Earth
NEW YORK (AP) — After years of screaming higher, almost regardless of what the economy was doing, tech-oriented stocks are…
Southwest Airlines Forecasts ‘solid’ Profit As Travel Rebounds
By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday forecast “solid” profit for the current quarter…
U.S. Treasury’s Yellen Calls For Better Automatic Stabilizers To Fight Recessions
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday called for a modernization of the U.S. unemployment insurance system,…
Meta Spreads Cheer On Wall Street As Facebook Adds More Users
(Reuters) – Shares of Meta Platforms Inc rose 17% in a relief rally on Thursday after having lost nearly half…
Eli Lilly Shares Gain After Results Beat Estimates, Obesity Drug Data
(Reuters) – Eli Lilly and Co on Thursday posted quarterly results that beat Wall Street estimates and said its experimental…
Twitter, in possibly last quarterly report, sees user growth
LONDON (AP) — Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising but its…
Fewer Americans file for jobless claims last week
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell again last week with numbers still at historically…
US economy shrinks, threats loom, but growth likely to last
WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year, and faces threats from high…
Domino’s Expects Sales Pressure To Persist After Miss In First Quarter
(Reuters) -Domino’s Pizza Inc missed quarterly U.S. same-store sales estimates on Thursday and said staffing shortages and unprecedented inflation will…
Barclays Buyback On The Ropes After Trading Blunder
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays has put its $1.25 billion share buyback plan on hold until…