NEW YORK (AP) — Stocks are off to a higher start on Wall Street Monday led by more gains in big tech companies. The S&P 500 was up 0.8%. The benchmark index is coming off its eighth losing week in the last nine. The Nasdaq rose 1.2% and the Dow rose 0.5%. Twitter fell 4%…
(Reuters) – Rent the Runway on Wednesday reported a 91% jump in fourth-quarter revenue, beating Wall Street estimates. The company reported revenue of $64.1 million, above estimates of $63.22 million, according to IBES data from Refinitiv. (Reporting by Akash Sriram in Bengaluru; Editing by Maju Samuel)
By Joseph Ax and Brendan O’Brien (Reuters) – Canadian aircraft detected underwater noises in the North Atlantic in the search for a tourist submersible that vanished while on a voyage to the wreck of the Titanic , the U.S. Coast Guard said. The discovery on Tuesday led search teams to relocate their underwater robotic search…
WASHINGTON (Reuters) – China has been spying from Cuba for some time and upgraded its intelligence collection facilities there in 2019, a Biden administration official said on Saturday, following a report about a new spying effort underway on the island. The Wall Street Journal on Thursday reported that China had reached a secret deal with…
By Nathan Layne (Reuters) -Donald Trump’s main rivals for the 2024 Republican presidential nomination condemned the Justice Department for its move to charge him over his handling of classified documents, underscoring their fear of upsetting his core supporters. The indictment of a former president on federal charges is unprecedented in U.S. history, a case made…
By David Brunnstrom and Michael Martina WASHINGTON (Reuters) – The speaker of Taiwan’s parliament praised Japan, South Korea and the Philippines on Tuesday for helping to create a “crescent of defense” with Taiwan and the U.S. against China’s ambitions in the Indo-Pacific region. Speaking in Washington, You Si-kun told the Hudson Institute think tank that…
By Fabian Cambero and Divya Rajagopal SANTIAGO (Reuters) – Lundin Mining Corp’s bid for control of Chile’s Caserones copper mine comes despite ongoing uncertainty over potential policy changes to royalties and taxes, an indication that investors may be regaining confidence in the world no.1 copper-producing country. Lundin last month agreed to pay $950 million for…
(Reuters) -German Finance Minister Christian Lindner said there were many member states that share Germany’s position on reforms to the European Union’s debt rules, ahead of a finance ministers meeting in Luxembourg on Friday to discuss the issue. “We need common rules that are the same for everyone. We need a reliable path to lower…
By Rhea Binoy (Reuters) – Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd said on Saturday it ins cutting 600 jobs in its corporate and technology departments. India’s IPO-bound Oyo will cut 10% of its 3,700-employee base, while at the same time hiring 250 people, it said in a statement. Product and engineering…
(Reuters) – Abbvie will lift a self-imposed $2 billion limit on acquisitions and mergers placed following a $63 billion deal for Botox maker Allergan in 2020 that shot up its debt, the company’s chief executive officer told the Wall Street Journal. Chief Executive Officer Richard Gonzalez said the company now has the capacity “to do…
