(AFP) — Wall Street stocks rose early Thursday, extending a rollercoaster week as Disney rallied following an announcement it is cutting 7,000 jobs. Shares of the entertainment giant jumped 3.9 percent as recently reinstated CEO Bob Iger’s message of austerity…
(AFP) — Music streaming giant Spotify on Tuesday reported a total of 205 million paying subscribers at the end of 2022, beating expectations, but its losses deepened. The Swedish company, which last week announced it was cutting almost six percent…
(AFP) — Germany’s antitrust watchdog said Monday it had launched an investigation into PayPal to examine whether the US online payment giant was using its dominance to restrict competition. The Federal Cartel Office (FCO) said it would examine whether the…
(AFP) — Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing “the uncertain economy” and the fact the online retail giant had “hired rapidly” during the pandemic. “Between the reductions we made in November and…
By Juliette Michel with Beiyi Seow in WashingtonAgence France-Presse (AFP) — US retailer Walmart saw its earnings top expectations in the third quarter as consumers looked for bargains amid surging inflation, but its numbers were bogged down after a settlement…
(AFP) — Stocks rallied while the dollar slumped against rival currencies on Thursday after a drop in US inflation dimmed expectations of more aggressive Federal Reserve rate hikes. The consumer price index (CPI), a key measure of inflation, rose at…
(AFP) — Wall Street stocks fell early Wednesday, threatening a three-day rally as markets digested inconclusive US election results as well as disappointing Disney earnings. Equities had risen the last three days on expectations that Republicans would win at least…
(AFP) — US job gains topped expectations in October, as hiring rose at a solid pace and wages moved ever higher, even as the unemployment rate edged up, according to the closely-watched US employment report Friday. The data will provide…
(AFP) — Stock markets hit reverse while the dollar shot higher Tuesday after data showed that US inflation slowed less than expected. Annual consumer price inflation slowed slightly in August to 8.3 percent from 8.5 percent in July, the Labor…
(AFP) — US and European stock markets shot higher on Friday following data that showed US job creation slowed but remained positive last month, belying fears of a recession induced by interest rates and inflation. Labor Department data showed US…
