Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares and sending a disconcerting message about a U.S. economy that until recently had appeared…
Category: Business
Poker legend Annie Duke on why quitting can be a good thing
At this point, it seems like everyone is talking about the trend of “quiet quitting," where employees slowly start disengaging from their work. Well, Annie Duke has a suggestion for…
BOJ raises inflation forecasts, keeps ultra-low rates
The Bank of Japan raised its inflation forecasts on Friday but maintained ultra-low interest rates, remaining a dovish outlier among a global wave of central banks tightening monetary policy. As…
Qantas ‘disappointed’ at regulator delaying Alliance Aviation deal verdict
Australia's Qantas Airways Ltd (QAN.AX) on Friday "expressed disappointment" at the country's competition regulator delaying its decision on the carrier's $394 million buy of Alliance Aviation Services (AQZ.AX). The Australian…
Amazon predicts sales growth slowdown for holidays, crushing shares
Amazon.com Inc (AMZN.O) on Thursday forecast a slowdown in sales growth for the holiday season, disappointing Wall Street and warning that inflation-wary consumers and businesses had less money to spend.…
Yen falls on dovish BOJ as market awaits Fed decision
The yen fell more than 1% against the dollar on Friday after the Bank of Japan bucked the trend among other major central banks and stuck with ultra-low interest rates,…
In Europe, consumer businesses like Amazon face holiday reckoning
Amazon.com Inc (AMZN.O), the global retailer whose results can represent a bellwether for the e-commerce industry, on Thursday signaled a pain point for sales this holiday season: Europe. Forecasting its…