Business

People walking in the streets of Montmartre, Paris, France, on April 23, 2024. Nurphoto | Nurphoto | Getty ImagesPrice rises in the euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter, according…

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange (NYSE) in New York on March 21, 2024. Timothy A. Clary | AFP | Getty ImagesReddit shares rallied 11% in premarket trading on Wednesday, a day…

Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer confidence hit its lowest level in nearly two years.The employment cost index, which measures…

AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024.Bloomberg | Getty ImagesShares of Belgium's AB InBev rose 4% on Wednesday after the company posted higher revenue and profit in…

McDonald's employee giving change to a customer.Jeffrey Greenberg | UIG | Getty ImagesSome of America's best-known corporations are saying their consumers are being pinched by inflation as prices continue rising.Inflation has dominated…

Siemens Energy shares soared as much as 13% on Wednesday after the German renewables firm raised its forecast for the year and announced that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring…

Digital render of NEOM's The Line project in Saudi ArabiaThe Line, NEOMSaudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is…

Uber reported first-quarter results Wednesday that came in slightly above analysts' estimates for revenue, but the ride-hailing company posted an unexpected net loss.Shares of Uber closed down more than 5% Wednesday.Here's how the company…

Private payrolls increased at a faster-than-expected pace in April, indicating there are still plenty of tail winds for the U.S. labor market, according to ADP.A separate report indicated that job openings continue on the decline, falling…

Spencer Platt | Getty ImagesShares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results.Robinhood reported net income of $157 million, or 18 cents per…

Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024. Kent Nishimura | Getty Images News | Getty ImagesFaced with stubborn inflation that has raised…

In this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.Mario Tama | Getty ImagesAirbnb reported first-quarter results on Wednesday that beat analysts'…

The BlackRock logo is displayed at the company's headquarters in New York City on Nov. 14, 2022.Leonardo Munoz | Getty ImagesAsset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor…

The logo of semiconductor design firm Arm on a chip.Jakub Porzycki | Nurphoto | Getty ImagesShares of British chip designer Arm closed down more than 2% on Thursday as lackluster revenue guidance clouded a positive sales quarter driven by…

People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024.Lucy North - Pa Images | Pa Images | Getty ImagesThe U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing…

In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesWarner Bros. Discovery reported first-quarter results on Thursday, missing analyst…

A jobseeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11, 2024.Allison Joyce | Bloomberg | Getty ImagesHiring likely continued at a brisk pace in April as investors look for any cracks…

BEIJING, CHINA - DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China…

The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, lifting hopes that the Federal Reserve will be able to cut interest rates in the coming months.Nonfarm payrolls increased by 175,000 on the month,…

People dine outside a Sweetgreen in Manhattan.Jeenah Moon | The Washington Post | Getty ImagesSweetgreen shares surged nearly 34% on Friday after the company topped Wall Street's revenue expectations for the fiscal first quarter and raised…

A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from the exterior of a building in the Sisli district of Istanbul, Turkey, on Monday, Aug. 29, 2022.Bloomberg |…

An Emirates Airlines planeKarim Sahib | AFP | Getty ImagesDUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up…

A networking and hiring event for professionals of color in Minneapolis.Michael Siluk | Getty ImagesThe unemployment rate for Black Americans fell in April, bucking the overall trend, according to data released Friday by the Department of…

SoftBank's Vision Fund, the brainchild of the company's founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics.Kentaro…

The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance…

Sony said sales of its flagship PlayStation 5 console totalled 20.8 million in the fiscal year 2023 slightly lower than an already revised-down 21 million unit target.Nikos Pekiaridis | Nurphoto | Getty ImagesSony on Tuesday reported a 7%…

A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty ImagesThe dream of home ownership has gotten even further away for renters, with higher housing costs…

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming.Bobby Yip | ReutersTencent beat analyst estimates for revenue and profit in the first quarter, thanks…

Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden's chances at getting reelected, billionaire investor Stanley Druckenmiller said Tuesday.During an appearance on…

Home Depot on Tuesday posted quarterly revenue below Wall Street's expectations, as shoppers postponed bigger discretionary projects like bath and kitchen remodels because of higher interest rates and made spring purchases late.Still, the…