Amazon set to report Q2 earnings

Andy Jassy, CEO Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Amazon is set to announce its second-quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting: Earnings: $12.30 per share, according to analysts surveyed by Refinitiv Revenue: $115.2 billion, … Read more

The U.S. economy is bigger than it was pre-pandemic, but Covid could still decide what happens next

A worker hoists a flight chain at the Calder Brothers’ facility in Taylors, South Carolina, U.S., July 19, 2021. Brandon Granger | Calder Brothers Corporation | Reuters The U.S. economy is now larger than it was before the pandemic, but its growth rate may have peaked this year at a much slower pace than expected. … Read more

Unruly passengers: Survey shows most flight attendants have dealt with bad behavior onboard

Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nishimura | Los Angeles Times | Getty Images Verbal attacks. Seat kicking. Throwing trash at crew. Those are some of the incidents flight attendants have faced this … Read more

Here’s how Zuckerberg thinks Facebook will profit by building a ‘metaverse’

Mark Zuckerberg wearing the Oculus virtual reality headset. Glenn Chapman | Getty Images It’s either the next evolution of the internet or the latest corporate buzzword to get investors excited over some nebulous innovation that may not even come to pass over the next decade. Either way, tech companies — primarily Facebook — are increasingly … Read more

Stocks making the biggest moves premarket: Comcast, Merck, Temper Sealy, Yum and others

Names on the move ahead of the open. Source link

Billionaire investor Chamath Palihapitiya backs UK insurance start-up as it pivots from drones to cars

Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images LONDON — On June 3, one of London’s hottest days of the year so far, Chamath Palihapitiya, an early Facebook executive turned tech investor, had lunch on the rooftop of The Ned hotel with the co-founders of insurance start-up Flock: Ed Klinger and Antton Pena. The … Read more

Ratings agencies downgrade China Evergrande as concerns over junk bonds rise

Major credit ratings agencies this week downgraded China’s most indebted property developer Evergrande, as concerns over Asia’s junk bond sector rise.  Fitch Ratings on Wednesday downgraded China Evergrande one notch from B to CCC, saying that the negative developments surrounding Evergrande may weaken investor confidence, further pressuring its liquidity.  A rating of CCC means there’s … Read more

Rent controls are becoming a highly divisive issue in Europe

In front of the criminal court in Moabit, supporters of a left-wing housing project in Köpenicker Straße protest against its eviction. A woman holds a sign with the English inscription “A roof or your head a basic human right”. picture alliance | picture alliance | Getty Images  LONDON — Rent controls are becoming increasingly popular … Read more

Barclays picks the global energy stocks that investors should buy ‘today’

Two workers stand before the backdrop of an oil pump, while silhouetted against the sunset. David Jones | Getty Images Barclays analysts have picked European energy stocks they believe are set to benefit from an “accelerated plan” to reduce carbon emissions in the region, and said investors can realize their investment potential “today.” Source link

Twitter closes San Francisco, New York offices as Covid cases surge

Pedestrians use mobile phones while walking past Twitter Inc. headquarters in San Francisco, California, U.S. Bloomberg | Getty Images Twitter has announced that it will close its San Francisco and New York offices immediately as Covid cases surge across the country. Wednesday’s announcement comes just two weeks after the social media company reopened their offices … Read more