Category: Business

Twitter Inc on Tuesday beat Wall Street targets for quarterly sales and profit and followed its social media peers to forecast a strong start to 2021 as ad spending rebounds from a rock bottom. The solid beat, aided by ad product improvements, convinced investors to overlook a dull forecast for user growth, which Twitter expect […]

The Nasdaq scaled a new closing high on Tuesday, but the broad market barely missed eking out a seventh day of gains as investors rotated out of large-cap tech names into other sectors expected to benefit from a proposed $1.9 trillion U.S. stimulus bill. The tech-heavy Nasdaq hit an all-time high early in the session […]

Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more. Rivian has been in talks with bankers about its plans, but the company’s timeline for an initial public offering isn’t final and a listing […]

Two Crown Resorts Ltd directors with links to major shareholder James Packer resigned on Wednesday, the first heads to roll after the Australian casino operator was deemed unfit to hold a gambling licence for its new Sydney casino. The upheaval in the wake of a report commissioned by the state gambling watchdog raised speculation among […]

A recovery in global trade is expected to slow again in the first quarter of 2021 as the coronavirus pandemic keeps disrupting the travel industry after world trade contracted 9% in 2020, a U.N. report said on Wednesday. After lockdowns caused trade to shrink 15% in the first half of 2020, it rebounded in the […]

Nasdaq Inc and the New York Stock Exchange have each sued the Securities and Exchange Commission, seeking to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors, court filings show. Under the SEC plan, approved in December, supply and demand data for stocks would be added to […]