By Priyamvada C and Doyinsola Oladipo (Reuters) -Vacation rental booking company Airbnb Inc said on Tuesday that it expected fewer bookings and lower average daily rates in the second quarter versus a year earlier, sending shares down 11.5% in after-hours trading. U.S. travel companies, which have benefited from higher prices and hybrid work, are moderating…
By Carolina Mandl and Caroline Valetkevitch NEW YORK (Reuters) – U.S. stock indexes closed lower on Tuesday as investors grew more cautious ahead of a U.S. consumer price index report and a meeting between U.S. political leaders to discuss the debt ceiling. Investors will look for clues on whether inflation is continuing to ease following…
By Tom Wilson and Vidya Ranganathan (Reuters) – Digital stablecoin tether is winning the race for the title of the crypto world’s “least risky” asset. As a regional U.S. banking crisis widens and a regulatory crackdown on crypto firms deepens, investments within the cryptosphere are moving into tokens and coins perceived as relatively safe. Tether…
SHAKAHOLA FOREST, Kenya (Reuters) -Kenyan investigators exhumed 21 more bodies on Tuesday as they resumed a search for followers of a doomsday cult, who the interior minister described as victims of a “highly organised crime”. Paul Mackenzie, leader of the Good News International Church, is in custody accused of ordering followers to starve their children…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – (This May 8 story has been corrected to say that Yahlin Chang is the co-showrunner and executive producer of ‘The Handmaid’s Tale’, and not co-executive producer and writer, in paragraph 2, and to change the description of ‘American Born Chinese’ in paragraph 13) Writing for…
By Sabrina Valle and Sourasis Bose HOUSTON (Reuters) -U.S. oil and gas producer Occidental Petroleum Corp on Tuesday reported a 48% decline in first-quarter earnings that fell well short of analyst estimates as global economic growth concerns led to a decline in oil prices. Global energy prices in the quarter pulled back from last year’s…
By Tiyashi Datta and Abhirup Roy (Reuters) -EV makers Fisker Inc, Nikola Corp and Lucid Group disappointed investors with dull quarterly results and production target cuts, sending their shares lower on Tuesday and deepening worries about weak demand and an ongoing price war. EV market leader Tesla Inc’s move to slash prices and increase volume,…
By Saeed Azhar and Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc agreed to pay $215 million to settle a class action alleging widespread bias against women in pay and promotions, ending one of the highest-profile lawsuits claiming unequal treatment of women on Wall Street. The settlement disclosed on Monday covers about 2,887…
By Chavi Mehta (Reuters) -Videogame publisher Electronic Arts Inc beat fourth-quarter booking estimates on Tuesday as gamers stuck with familiar titles such as “FIFA” and “Madden NFL”, sending the company’s shares up about 3% after the bell. Elevated levels of inflation have forced gamers to get picky with the titles they choose to buy, with…
By Chibuike Oguh and Medha Singh (Reuters) -PacWest Bancorp shares regained earlier session losses on Tuesday as investor uncertainty about the financial health of U.S. regional banks underpinned skittish trading in their stocks. PacWest rose 2.3% after losing as much as 10% earlier in the day following a decision by the Los Angeles-based lender to…
