Business

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 on Wednesday reported a weaker-than-expected surge in profit for the second…

Retail sales increased 0.7% in July, better than the 0.4% estimate

A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesHome Depot topped earnings expectations on Tuesday, but posted a 2% year-over-year sales decline as…

This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023.Mikhail Klimentyev | AFP | Getty ImagesThe U.S. dollar surged above 100 to…

A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.The producer price index, which gauges the costs that goods and services producers receive for their…

Huawei's production campus is pictured here on April 25, 2019, in Dongguan, near Shenzhen, China.Kevin Frayer | Getty Images News | Getty ImagesBEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer…

The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy.Prices accelerated 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor…

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…

Jim O'Neill, former chief economist Goldman Sachs Group, in Italy in 2019.Alessia Pierdomenico | Bloomberg via Getty ImagesVeteran economist Jim O'Neill says central banks will need to keep interest rates up around 5% across major economies…

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | ReutersChinese e-commerce giant Alibaba on Thursday reported revenue grew by 14% year-on-year in the quarter ended…

Viasat offices are shown at the company's headquarters in Carlsbad, California, March 9, 2022.Mike Blake | ReutersViasat reported a jump in quarterly revenue Wednesday, as the company continues to investigate its recent satellite…

Gas station signboards display prices in Bethesda, Maryland on August 6, 2023.Mandel Ngan | AFP | Getty ImagesThursday's consumer price index report likely will show that the pace of price increases is easing, but not enough to get the…

Members of the Writers Guild of America and the Screen Actors Guild walk the picket line outside of Disney Studios in Burbank, California, on July 18, 2023. Robyn Beck | AFP | Getty ImagesWhen the markets close Wednesday, all eyes will be…

Roblox Corporation Founder and CEO David Baszucki.Steve Jennings | Getty ImagesShares of Roblox fell 10% in premarket trading Wednesday after the company reported second-quarter results that missed analysts' expectations on top and bottom…

Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company's plant in Normal, Ill.Michael Wayland / CNBCElectric vehicle maker Rivian Automotive on Tuesday reported a loss for the second quarter that was narrower than…

Rocket Lab on Tuesday reported second-quarter results that largely met Wall Street's expectations, and the company said it added contracts for 10 more launches in 2023 and 2024."The second quarter saw strong performance across Rocket Lab's…

PlayStation DualSense controller and PlayStation 5 console are seen in this illustration photo taken in Krakow, Poland on April 9, 2022.Jakub Porzycki | Nurphoto | Getty ImagesSony on Wednesday reported a 31% fall in profit in the first…

In an aerial view, a sign is posted on the exterior of Lucid headquarters on March 29, 2023 in Newark, California.Justin Sullivan | Getty ImagesLuxury electric vehicle maker Lucid Group reported that its second-quarter revenue fell short of…

Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAmericans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion for the first time ever, the New York Federal…

The publishing offices of Simon and Schuster in New York.Amy T. Zielinski | Newscast | Universal Images Group | Getty ImagesParamount Global agreed to sell book publisher Simon & Schuster to private equity giant KKR for $1.62 billion,…

Burger King fast food restaurant with menu and customers.Jeff Greenberg | Universal Images Group | Getty ImagesRestaurant Brands International on Tuesday reported double-digit same-store sales growth at Burger King and Tim Hortons for its…

Sopa Images | Lightrocket | Getty ImagesEli Lilly on Tuesday raised its full-year guidance as second-quarter profit jumped 85% from the same period a year ago on strong sales from the pharmaceutical giant's diabetes treatment Mounjaro and…

Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021.Jakub Porzycki | NurPhoto | Getty ImagesShares of Novavax jumped as much as 20% in premarket…

A Redwire Corporation banner is displayed at the New York Stock Exchange, Sept. 8, 2021.Source: NYSESpace infrastructure company Redwire said Monday that it nearly erased its net losses during the second quarter and further grew its…

Alex Karp, CEO of Palantir Technologies, leaves a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 13, 2023.Kevin Dietsch | Getty ImagesPalantir reported a 13% increase in second-quarter revenue…

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp.Kiyoshi Ota | Bloomberg | Getty ImagesSoftBank shocked markets with a surprise loss in the first quarter covering April-June, but the Japanese tech conglomerate…

JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable.While noting that risks are still high and growth ahead is likely to be slow, the…

Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea's research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles,…

Jamie Grill | Getty ImagesBack-to-school shopping hasn't been easy this year for Lauren Cyr.The mother of three has searched for deals and spread out her shopping across multiple paychecks. Still, the 31-year-old sees higher price tags on…

The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total.The health care and social assistance category grew by 87,100 jobs last month, according to the Labor Department. That…