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January 28, 2022

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Apple teases metaverse AR plans, stock jumps

Reuters
Silhouette of mobile user is seen next to a screen projection of Apple logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Jan 27 (Reuters) – Apple Inc teased its metaverse ambitions on Thursday as CEO......

Apple sales and profit top estimates as hit from chip shortages eases

Reuters
Pedestrians walk past an Apple store as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Apple Inc (AAPL.O) is overcoming the costly global shortage in computer chips, posting record sales over......

U.S. retail investors kept buying stocks on Fed day -analysts

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK/MILAN, Jan 27 (Reuters) – Retail investors bought a net of $1.66 billion in equities on Wednesday when......

Court dismisses claims Robinhood wrongly restricted “meme stock” trades

Reuters
The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – A U.S. federal court on Thursday dismissed......

President Biden bought a Kamala Harris mug from a small D.C. shop. It sold out in three hours.

CBS News
CBS News – For more and to sign up click here He may be commander-in-chief, but on Tuesday, President Joe Biden had some very normal activities on his schedule – shopping and getting ice cream. While at Honey Made, a small local boutique, Mr. Biden spoke to reporters and bought......

‘It’s anguish, it’s pain, it’s agony’ – Here’s what it’s like to shop for a home in today’s tight housing market

CNBC
CNBC – For more and to sign up click here Buyers head into an open house in Waldorf, Maryland. Lisa Rizzolo | CNBC The nation’s housing market has never been this tight, which is frustrating enough for house hunters, but now they have another problem. Mortgage rates, which have hovered......

Rising costs, pandemic curbs take a bite out of McDonald’s profit

Reuters
Customers are seen at a McDonald’s fast food restaurant in Tokyo, Japan, September 26, 2017. REUTERS/Kim Kyung-Hoon/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – McDonald’s Corp (MCD.N) missed revenue and profit expectations on Thursday, as higher costs and dismal sales in its......

Mulvaney and Heitkamp join K St. heavy hitters at new shop

Politico
Politico.com – For more and to sign up click here In California, where Mercury was one of the most powerful lobbying firms in the state, former Sen. Barbara Boxer will co-chair Actum’s Los Angeles office along with former L.A. Mayor Antonio Villaraigosa, Peter Villegas and Cliff Einstein. Goncharenko, the Mercury......

Norway wealth fund earns second-highest return in 2021

Reuters
A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Jan 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, earned a return on investment......

Ackman’s Pershing Square takes new position in Netflix

Reuters
Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register BOSTON, Jan 26 (Reuters) – Billionaire investor William Ackman has built a new stake in......

Intel posts record fourth-quarter revenue, misses on earnings forecast

Reuters
The Intel Corporation logo is seen on a display in a store in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 26 (Reuters) – Chipmaker Intel Corp posted record fourth-quarter revenue, but forecast first-quarter earnings short of......

Denim demand powers Levi upbeat forecast as people refresh wardrobes

Reuters
Products are displayed at a Levi Strauss store in New York, U.S., March 19, 2019. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Jan 26 (Reuters) – Levi Strauss & Co (LEVI.N) forecast full-year sales and profit above Wall Street estimates on Wednesday, encouraged by higher......

China’s Realme eyes Europe’s high-end smartphone market with new launch

Reuters
To start selling premium GT 2 Pro phone across Europe in Feb GT 2 Pro priced at $792-$905, in line with other high-end phones SHENZHEN, China, Jan 26 (Reuters) – China’s Realme will enter Europe’s high-end handset market next month with its priciest ever device, its CEO told Reuters, as......

Exclusive: SoftBank-backed Gopuff hires banks for IPO

Reuters
Jan 25 (Reuters) – Gopuff, the SoftBank Group Corp-backed delivery startup that was valued at about $15 billion last year, has tapped banks to lead preparations for a U.S. initial public offering (IPO), people familiar with the matter said on Tuesday. U.S.-based Gopuff, which operates in 1,000 cities in the......

Walmart’s Mexico unit considering ‘strategic alternatives’ in Central America

Reuters
Men walk past the logo of Walmart outside a store in Monterrey, Mexico February 12, 2018. REUTERS/Daniel Becerril/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, Jan 24 (Reuters) – Walmart’s Mexico unit is considering “strategic alternatives” to its operations in Central America, including a sale......

Delivery race among Indian grocery startups brings road safety risks

Reuters
Ten-minute delivery times wow online shoppers Growth of quick commerce pressures rivals Road safety concerns rise in race for faster deliveries Experts say businesses could struggle for profits NEW DELHI, Jan 23 (Reuters) – Indian grocery startups are luring tech-savvy customers with the promise of deliveries within 10 minutes, sparking......

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