By Tiyashi Datta and Yamini Kalia (Reuters) -Roblox Corp on Wednesday topped quarterly bookings estimates on Wednesday, as a wider audience swarmed to the platform for games such as “Adopt Me!” and “Pet Simulator X”, pushing the company’s shares up nearly 4% in morning trading. Roblox’s results follow a strong showing from videogame publisher Electronic…
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen defended its record in China and its decision to jointly own a plant in the Xinjiang region after activists and investors lashed out at the carmaker at a volatile annual general shareholder meeting on Wednesday. About ten activists, including one topless woman with ‘Dirty Money’ painted…
By Ankit Kumar and Mrinalika Roy (Reuters) -Trulieve Cannabis Corp posted a bigger-than-expected fall in first-quarter revenue on Wednesday, as demand for pot and related products weakened amid rising recession fears and increased competition. Shares of Trulieve fell nearly 4% to C$6.88 in morning trade, having fallen almost 33% so far this year. Recent banking…
(Reuters) -Airbnb’s shares slid 12% on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled that the high cost of travel may be finally catching up to budget-conscious U.S. consumers. Household savings and pent-up demand have largely insulated the U.S. travel industry from inflationary pressures that have roiled other sectors….
(Reuters) -An April inflation reading on Wednesday that was more benign than expected disrupted the modest momentum that had been building for an 11th straight U.S. interest rate hike in June. Futures tied to the Federal Reserve’s policy rate rose after the Labor Department report, and now reflect less than a 10% chance that the…
By Daniel Leussink TOKYO (Reuters) -Toyota Motor Corp on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an easing in global supply chain disruption from a shortage of chips. The growth plan was unveiled by new CEO Koji Sato, installed…
(Reuters) -Vitamin Shoppe owner Franchise Group Inc would be taken private by a group led by CEO Brian Kahn in a deal valued at about $2.6 billion, the company said on Wednesday. Shares of Franchise, which also owns retailer Buddy’s Home Furnishings and discount furniture store American Freight, climbed about 3% premarket. The consortium, which…
By Elida Moreno PANAMA CITY (Reuters) -The number of people arriving in the treacherous Darien Gap linking Panama with Colombia soared in April and early May, Panamanian government data shows, dealing a blow to U.S. efforts to curb undocumented migration to the north. According to figures from Panama’s Security Ministry seen by Reuters on Tuesday,…
By Gabriela Baczynska BRUSSELS (Reuters) -European Union states were holding a first discussion on Wednesday on proposed new sanctions over Russia’s war in Ukraine that would target Chinese and Iranian firms and allow export curbs on third countries for busting trade restrictions. Talks among the EU envoys were set to be heated, according to one…
By Valerie Volcovici and Leah Douglas WASHINGTON (Reuters) – The United Arab Emirates said on Tuesday that countries should agree to phase out fuel emissions – not the production of oil, gas and coal – at the upcoming U.N. climate change negotiations that it will host this December. The comments reflect deep divisions between nations…
