Italy wrestles with antitrust loophole that could save Amazon a packet
(Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade…
Disney shares fall on jitters over streaming subscriber losses
(Reuters) – Walt Disney (NYSE:DIS) Co shares fell 5% on Thursday as a surprise drop in streaming subscribers fanned worries that the…
Tapestry lifts profit view on higher prices, Coach bag demand
(Reuters) – Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its…
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
(Reuters) – Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion)…
Bank of England raises rates to 4.5% and sees slow inflation fall
(Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5%…
Sonos stock tumbles 25% after cutting FY outlook; brokers remain positive
Sonos (NASDAQ:SONO) shares fell 25% Thursday after the company lowered its outlook for the second half of the year. Although…
NVIDIA Q1 preview: expect in-line revenue and higher gross margins, company is “best-in-class AI play”
Rosenblatt Securities analysts reiterated their Buy rating and $320 Price Target on NVIDIA (NASDAQ:NVDA) ahead of the company’s upcoming quarterly…
PacWest says has $15 billion of immediately available liquidity
(Reuters) – PacWest Bancorp has $15 billion of immediately available liquidity and enough resources to fund its cash flow needs…
India stocks lower at close of trade; Nifty 50 down 0.10%
India stocks were lower after the close on Thursday, as losses in the Capital Goods, Metals and Healthcare sectors led shares lower. At the close…
Oil prices climb on positive US fuel demand data
(Reuters) – Oil prices bounced back on Thursday after dropping by more than a dollar a barrel the previous day,…