A bump in sales of high-priced Starbucks coffee and cold drinks in North America helped cushion a revenue drop in China. Starbucks
Tag: Financial Markets
Asia stocks tumble after US Fed says more rate hikes likely | Business and Economy News
Benchmark indexes across Asia fall after US central bank raises key rate to the highest level in 15 years. Asian stock markets
US Fed delivers big rate hikes, signals next one could be smaller | Business and Economy News
It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion, saying the target range
US job openings jump in September | Business and Economy News
The unexpected rise in job openings fuels expectations that US Fed will continue to hike rates to cool inflation more. In September,
US mortgage rates top 7 percent for first time over two decades | Business and Economy News
The key 30-year mortgage rate jumped to 7.08 percent this week, sharply curtailing demand, even as home prices continued to rise. The
Amazon warns costs may eviscerate profits, shares crash | Business and Economy News
Amazon’s efforts to boost revenues may not pay off as inflation and receding consumer demand bite into profits. Amazon.com Inc has warned
As Meta’s revenue decline accelerates, shares sink 14 percent | Business and Economy News
A weak holiday quarter forecast knocked about $40bn from Meta’s stock market value in extended trade. Facebook parent Meta Platforms Inc has
Cost overruns lead to an unexpected deep loss for Boeing | Business and Economy News
The planemaker is trying to emerge from the overlapping crises of COVID-19 and the grounding of its best-selling model. Boeing Co has
Twitter is losing its most active users, internal documents show | Business and Economy News
“Is Twitter dying?” billionaire Elon Musk mused in April, five days before offering to buy the social media platform. The reality, according
Alphabet’s revenue miss fans fears of economic slowdown | Business and Economy News
The negative results reinforced worries that inflation will continue to hurt advertising spending. Google parent Alphabet Inc has missed Wall Street estimates
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