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Business

Stocks gain for fifth straight session, euro advances after ECB rate hike

By diobasscom August 2, 2022July 27, 2022

A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the…

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Business

Trucker blockade shuts major California seaport for second day

By diobasscom August 1, 2022July 27, 2022

Truckers protesting California's new "gig worker" law blockaded the state's third-busiest seaport for a second day on Thursday, stalling agricultural exports and threatening to worsen U.S. supply chain backups. The…

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Business

Snap’s report incinerates $80 billion in ad industry market cap

By diobasscom July 31, 2022July 27, 2022

Facebook-owner Meta Platforms (META.O), Google-owner Alphabet (GOOGL.O) and other companies that sell online ads lost about $80 billion in combined stock market value on Thursday after Snap (SNAP.N) posted poor…

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Business

Meta’s Facebook revamping main feed to attract younger users

By diobasscom July 30, 2022July 27, 2022

Meta Platforms (META.O) said on Thursday it was revamping the main feed on its Facebook app to prioritize "discovery" of new content, instead of posts from accounts users follow, a…

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Business

U.S. charges ex-Coinbase manager in first crypto insider trading case

By diobasscom July 29, 2022July 27, 2022

A former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, U.S. prosecutors in Manhattan said on…

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Business

Snap shares plunge 25% as economy, fierce competition slow revenue growth

By diobasscom July 28, 2022July 27, 2022

Snap Inc (SNAP.N) on Thursday painted a grim picture of the effects of a weakening economy on social media and declined to make a forecast in "incredibly challenging" conditions, sending…

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Business

Wall Street closes higher boosted by strong Tesla earnings

By diobasscom July 27, 2022July 27, 2022

Wall Street's main indexes rose on Thursday boosted by a late-afternoon rally and gains in heavyweight growth stocks, including Tesla. The tech-heavy Nasdaq added 1.4% to lead the gains while…

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