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The Bumble logo is seen on a smartphone in front of a stock graph in this illustration taken February 11, 2021.

Bumble forecasts quarterly revenue below estimates

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - Bumble forecast second-quarter revenue below Wall Street estimates on Wednesday, a sign of slowing user growth and weak discretionary spending on its dating apps amid economic uncertainty. The dating firm, which operates its eponymous ...

A screen displays the logo of Softbank's Arm, chip design firm, during the company’s initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023.

Arm's quarterly revenue forecast beats Street; annual rev guidance misses

Max A. Cherney and Stephen Nellis |Updated 4 minutes ago |2 min read

By Max A. Cherney and Stephen Nellis (Reuters) - Chip designer Arm Holdings gave a fiscal first-quarter revenue forecast on Wednesday that beat Wall Street's expectations, but its full-year forecast was below expectations. For the current fiscal ...

Airbnb logo is seen displayed in this illustration taken, May 3, 2022.

Airbnb posts higher profits on global travel demand

Reuters |Updated 3 minutes ago |2 min read

(Reuters) - Vacation rental company Airbnb reported a higher quarterly profit on Wednesday, boosted by an increase in travel in international markets as North American bookings decelerated during the period. Accommodation companies in the first ...

A logo of Spotify is seen on a beach during the Cannes Lions International Festival of Creativity in Cannes, France, June 20, 2023.

Music streaming firms urge European Commission to reject Apple's proposal in App Store case

Jaspreet Singh |Updated 1 hour ago |2 min read

By Jaspreet Singh (Reuters) - A group that represents audio streaming firms including Spotify and France's Deezer in Europe has urged the European Commission to reject Apple's proposal in a music streaming case. Digital Music Europe expressed ...

A worker smoothes the sole of a shoe in a shoe making factory, as small and medium-sized businesses struggle amid rising inflation, on the outskirts of Buenos Aires, Argentina, May 4, 2023.

Argentina industrial output sinks 21% amid Milei austerity, worst since pandemic

Reuters |Updated 6 minutes ago |1 min read

BUENOS AIRES (Reuters) - Argentina's industrial output plunged 21.2% in March from a year ago, the INDEC statistics agency said on Wednesday, the worst slide since the depths of the Covid-19 pandemic as libertarian President Javier Milei pushes a ...

The Federal Reserve Building stands in Washington April 3, 2012.

NY Fed's Perli offers guideposts to measure market liquidity levels

Michael S. Derby |Updated 1 hour ago |2 min read

By Michael S. Derby NEW YORK (Reuters) - The official responsible for implementing Federal Reserve monetary policy said in a speech on Wednesday that the recent announcement to slow the pace of contracting the central bank balance sheet reduces ...

A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, February 9, 2024.

Microsoft to shut Africa development centre in Nigeria

Reuters |Updated 1 hour ago |1 min read

LAGOS (Reuters) - Microsoft is closing down its Africa Development Centre in the continent's most populous nation Nigeria, which will lead to job losses, a spokesperson said on Wednesday. The centre, based in the commercial capital Lagos was ...

A U.S. Justice Department logo or seal showing Justice Department headquarters, known as "Main Justice," is seen behind the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023.

US sues Hyundai, Kia finance arm for repossessing service members' vehicles

Jonathan Stempel |Updated 6 minutes ago |2 min read

By Jonathan Stempel (Reuters) - The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first obtaining court permission as required by law.

Damian Williams, U.S. Attorney for the Southern District of New York,  announces the indictment charging Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos, and Patrick Halligan, Archegos's Chief Financial Officer, with racketeering conspiracy, securities fraud, and wire fraud offenses, while the U.S. Deputy Attorney General Lisa Monaco looks on at the U.S. Attorney's Office for the Southern District of New York, in New York City, U.S., April 27, 2022.

The rise and fall of Bill Hwang's Archegos Capital Management

Nupur Anand |Updated 2 hours ago |3 min read

By Nupur Anand NEW YORK (Reuters) - Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on Wednesday for the start of his criminal trial.

Ticker and trading information for Pacific Investment Management Co. (PIMCO) are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., April 5, 2018.

PIMCO adds bond exposure outside the US on inflation risks

Davide Barbuscia |Updated 2 hours ago |2 min read

By Davide Barbuscia NEW YORK (Reuters) - U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the shift of the Federal Reserve to lower interest ...

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