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…
Category: Business
Trucker blockade shuts major California seaport for second day
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…
Snap’s report incinerates $80 billion in ad industry market cap
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…
Meta’s Facebook revamping main feed to attract younger users
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…
U.S. charges ex-Coinbase manager in first crypto insider trading case
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…
Snap shares plunge 25% as economy, fierce competition slow revenue growth
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…
Wall Street closes higher boosted by strong Tesla earnings
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…