Category: Business

European stocks traded higher on Friday after two straight days of declines on concerns about the impact of China’s “zero-COVID” strategy and indications that the U.S. Federal Reserve will keep raising rates to fight inflation. Closer home, the European Central Bank will keep raising rates as withdrawing accommodation may not be enough to curb inflation, […]

A London-based investor in Rupert Murdoch’s News Corp. and Fox Corp. has reportedly expressed its opposition to the companies’ potential reunification. Independent Franchise Partners is one of the largest shareholders apart from the Murdoch family, with stakes in Fox and News Corp. of more than 7%. The companies confirmed several weeks ago they were formally […]

Alphabet, the parent company of Google, is likely to join the list of Big Tech companies going for large-scale layoffs. With this, almost the entire universe of FAANG — acronym for Facebook, Amazon, Apple, Netflix and Google — has now come under the layoff turbulence hitting tens of thousands of tech jobs around the world. […]

Stocks have shown a substantial move to the upside in morning trading on Tuesday, more than offsetting the pullback seen in the previous session. With the strong upward move, the Dow has reached a nearly three-month intraday high. Currently, the major averages are off their highs of the session but remain sharply higher. The Dow […]

The UN General Assembly has adopted a resolution that calls for Russia to pay war reparations to Ukraine, as ambassadors met to resume their emergency special session devoted to the conflict. Monday, nearly 50 nations co-sponsored the resolution on establishing an international mechanism for compensation for damage, loss and injury, as well as a register […]

Retail giant Walmart Inc. (WMT) Tuesday reported third-quarter results that surpassed the Street view. The retailer also raised its adjusted earnings guidance for the full-year on strong third-quarter results. In pre-market activity on the NYSE, Walmart shares were surging $9.96 or 7.20 percent to trade at $148.35. “We had a good quarter with strong top-line […]

In the latest developments at Elon Musk’s Twitter Inc., the relaunch of Blue Verified has been held off, and job cuts are being extended to include some employees in sales. In a tweet on Monday, Musk said, “Holding off relaunch of Blue Verified until there is high confidence of stopping impersonation. Will probably use different […]

The three major U.S. equity indexes closed higher Friday. The Dow ended the day up 0.59%, the S&P 500 closed 0.48% higher, and the Nasdaq Composite closed up just 0.01%. Nine of 11 sectors closed higher, with utilities (up 2%) and healthcare (up 1.2%) leading the winners. Energy (down 0.9%) and communications services (down 0.35%) […]

If you are a budding developer and interested in Web3, chances are that you will be headed to one of India’s largest-ever meetings of Web3 developers, being held by Polygon, a Web3 platform. The company’s ongoing “Web3: Made in India Tour” is expected to see close to 4,000 developers coming together at the inaugural Polygon […]

Joshua Johnson’s NBC News Now show, which has been streaming nightly for the past year, will have its final episode on Friday. Johnson also said that he would be leaving the network. Now Tonight with Joshua Johnson has been shown at 8 PM ET since its debut last year. “We’re heading in a new programming […]