Dollar Signs

By Roshan Abraham and Harshita Mary Varghese (Reuters) -Netflix shares fell on Friday as its plan to stop sharing subscriber numbers from 2025 stoked growth worries, with analysts warning that rivals may follow the step by scrapping the key metric on the streaming industry’s health. Subscriber additions have long been watched by investors and Wall […]

By Trevor Hunnicutt, Steve Holland and David Lawder WASHINGTON/PITTSBURGH (Reuters) -President Joe Biden on Wednesday called for sharply higher U.S. tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the risk of angering Beijing. As he campaigned for reelection in the […]

By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding tumbled in March, and while new construction remains underpinned by a severe shortage of previously owned houses for sale, a resurgence in mortgage rates is pushing potential buyers to the sidelines. The report from the Commerce Department on Tuesday also showed permits for future construction of […]

By Karen Brettell NEW YORK (Reuters) -The dollar reached its highest since early November against a basket of currencies on Monday and sent the yen to its lowest level since 1990, after U.S. retail sales increased more than expected in March. Retail sales rose 0.7% last month and data for February was revised higher to […]

By Manya Saini and Tatiana Bautzer (Reuters) -Citigroup’s first-quarter profit fell 27% as the bank took charges related to its reorganization, although it beat expectations as revenues grew in key divisions. The bank’s shares were volatile, wiping out an earlier gain to slide 2% while other bank stocks also weakened. Citi’s net income fell to […]

(Reuters) -Amazon.com on Thursday added Andrew Ng, the computer scientist who led artificial intelligence projects at Alphabet’s Google and China’s Baidu, to its board amid rising competition among Big Techs to add users for their GenAI products. Amazon’s cloud unit is facing pressure from Microsoft’s early pact with ChatGPT-maker OpenAI and integration of its technology […]

By Zaheer Kachwala (Reuters) -Lucid reported first-quarter deliveries above market expectations on Tuesday as price cuts helped boost demand for its luxury electric sedans, sending its shares up about 3%. The electric-vehicle startup handed over 1,967 vehicles in the first quarter, compared with estimates of 1,745, according to eight analysts polled by Visible Alpha. Lucid […]

By Niket Nishant (Reuters) -Rates and credit trading platform Tradeweb Markets will buy investment technology firm Institutional Cash Distributors (ICD) for $785 million, it said on Monday, as it seeks to boost its appeal to corporate treasury professionals. Corporate treasury teams manage the liquidity and other financial risks at large companies. They are also tasked […]