By Wayne Cole SYDNEY (Reuters) – The dollar was carrying a couple of bruises on Wednesday as Federal Reserve officials played down the chance of a half point rate hike in March and a rally in global equity markets tarnished some of its safe haven allure. Stellar results from Alphabet after the bell saw that…
(Corrects quarter to fourth from third in paragraph 2) (Reuters) -Match Group Inc cut its full-year revenue forecast on Tuesday, as the Tinder owner expects the impact from the Omicron COVID-19 variant to persist through 2022. The company, which also missed fourth-quarter revenue estimates, forecast 2022 total revenue growth between 15% and 20%. It had…
DETROIT (AP) — General Motors increased its net income 56% last year, helped by higher prices for its vehicles that were made scarce by a global shortage of computer chips. The Detroit automaker said Tuesday that it made $10.02 billion for the full year. And it predicted record pretax earnings in 2022 of $13 billion…
The airline that carried monkeys part of the way to a U.S. research laboratory before they were involved in a highway crash in Pennsylvania says it will stop the shipments. Kenya Airways will not renew its contract with the shipper when it expires this month, airline CEO Allan Kilavuka said in an email to The…
Starbucks had a strong holiday season in the U.S., but those results were offset by higher labor and commodity costs and weaker sales in China. In response, Starbucks lowered its earnings outlook for the 2022 fiscal year, which ends in September. The company said it expects earnings per share to decline by 4% to 6%…
A year before the massacre at Pittsburgh’s Tree of Life synagogue, a security director from the city’s Jewish federation came to the house of worship to train its religious school staff and rabbi on how to respond to violent situations. At the time, Stephen Weiss thought it was unnecessary. But Weiss, then a teacher at…
WASHINGTON (AP) — How far the Federal Reserve can go to compel banks to consider the consequences of climate change in their lending policies could take center stage at a Senate hearing Thursday on the nominations of Sarah Bloom Raskin and two economists to the Fed’s influential Board of Governors. The Fed is already moving…
By Praveen Paramasivam (Reuters) – Workers at nearly 80 King Soopers, owned by Kroger Co, approved a new three-year contract, the Colorado-based chain said on Tuesday, ending a stalemate that had caused a 10-day strike at the start of the year. King Soopers will invest $170 million in wage increases through the life of the…
By Paresh Dave and Nivedita Balu (Reuters) -Alphabet Inc and its Google unit on Tuesday reported higher than expected fourth-quarter sales as the search giant’s internet advertising and cloud computing businesses benefited over the holiday season from the growing surge in online shopping. Alphabet’s overall quarterly sales jumped to $75.3 billion, above the average estimate…
A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital. Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not have a comment. A Faceboook spokesperson, however, pointed to tweets by Stephane Kasriel, head of Meta’s…
