PayPal’s weak margin eclipses upbeat spending outlook
By Sri Hari N S and Manya Saini (Reuters) -PayPal Holdings shares fell 7% in extended trading on Wednesday as…
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’
By Davide Barbuscia (Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that…
Etsy forecasts downbeat third quarter as demand softens
(Reuters) -Etsy Inc on Wednesday forecast third-quarter revenue below market expectations, signaling softening in demand for handcrafted goods at its…
Nutrien to pause potash ramp up, ammonia project on falling prices
(Reuters) -Nutrien on Wednesday decided to indefinitely pause its ramp-up plans for potash production and halt work on its clean…
MGM Resorts beats second-quarter profit estimates, but sees higher costs
(Reuters) – MGM Resorts International beat Wall Street profit estimates for the second quarter on Wednesday, as visitor rebound in…
Drugmakers brace for list of first 10 drugs for US price negotiations
By Patrick Wingrove (Reuters) – Drugmakers are bracing for the U.S. government’s announcement of the 10 prescription medicines that will…
Qualcomm forecasts sales below estimates as smartphone slump persists
By Chavi Mehta, Stephen Nellis and Max A. Cherney (Reuters) -Qualcomm forecast fourth-quarter sales below market expectations on Wednesday and…
Shopify forecasts solid revenue growth on higher prices, more signups
By Yuvraj Malik (Reuters) -Canada’s Shopify forecast strong revenue growth and delivered better-than-expected results for the second quarter on Wednesday,…
Marketmind: A sea of red, but AAA shock will fade
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….
DoorDash lifts core profit target for second time on higher orders
By Granth Vanaik (Reuters) -DoorDash raised its annual core profit forecast for a second time and posted an upbeat quarterly…