LOS ANGELES, Jan 27 (Reuters) – Hollywood’s film academy said on Friday it was reviewing this year’s campaigns for Oscar nominations, a day after a media report raised questions about the surprise nod from British actress Andrea Riseborough. On Tuesday, Riseborough was nominated for Best Actress for playing an alcoholic single mother in the little-seen … Read more
PCE: Inflation slows with consumer spending American Express and Visa climb higher on solid demand Chevron falls after missing earnings estimates Indices up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of a turbulent week in which economic data and corporate earnings forecasts … Read more
Jan 27 (Reuters) – Shares of Lucid Group (LCID.O) jumped 43% on Friday, trimming gains after doubling down on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted buy the electric vehicle manufacturer. The speculation stemmed from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the … Read more
TOKYO, Jan 27 (Reuters) – Japan on Friday tightened sanctions against Russia following its latest wave of missile attacks in Ukraine, adding goods to an export ban list and freezing the assets of Russian officials and entities. The decision comes after Russia launched missile attacks in Ukraine, killing at least 11 people on Thursday, following … Read more
Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he thinks is a “serious” recession: cutting costs on everything from parts to logistics, while maintaining pressure on competitors with reduced prices. . During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to … Read more
Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit … Read more
Jan 25 (Reuters) – IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset disposals and missed its annual cash target, dampening fourth-quarter revenue expectations . Chief Financial Officer James Kavanaugh told Reuters the company was still “committed to hiring for customer-facing research and development.” The layoffs — related to the spin-off … Read more
AT&T wins on subscriber additions General Dynamics slips after weak outlook Tesla and IBM release results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 closed nominally lower on Wednesday as a streak of corporate earnings stretched from bearish to dismal, reigniting concerns over … Read more
NEW DELHI, Jan 25 (Reuters) – Students were detained by Delhi police on Wednesday as they gathered to watch a recent BBC documentary about Prime Minister Narendra Modi that India has branded as propaganda and blocked its distribution and sharing on social networks. It follows similar disruptions, some of which turned violent, at gatherings this … Read more
Jan 24 (Reuters) – Rupert Murdoch on Tuesday withdrew his proposal to bring together News Corp (NWSA.O) and Fox Corp as the company also plans to sell Move Inc, which operates the Realtor.com website, to the CoStar Group, according to to a regulatory filing and to sources familiar with the process. Three sources familiar with … Read more
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