Tag: Business News
Snap Posts First Profit
Snap Inc. SNAP -23.60% posted its first quarterly profit and signaled it…
Raskin Faces Senate Questions Over Views on Climate Change, Regulations
WASHINGTON— Sarah Bloom Raskin, President Biden’s nominee to become the Federal Reserve’s…
As Inflation Soars, Central Banks Scramble to Lift Rates
FRANKFURT—Europe’s central banks signaled growing concern about soaring inflation and a determination…
Microsoft’s Videogame Boss and the Long Battle to Reinvent the Company
The $75 billion deal that Phil Spencer engineered for Activision Blizzard Inc.…
U.S. Jobless Claims Fall for Second Straight Week
Initial filings for unemployment benefits fell for the second week in a…
Oil Frackers Brace for End of the U.S. Shale Boom
The end of the boom is in sight for America’s fracking companies.Less…
Global Tax Deal Would Undercut U.S. Tax Breaks, Businesses Warn
WASHINGTON—The emerging global minimum-tax agreement would make domestic tax breaks less valuable…
ECB Keeps Rates Unchanged, Diverging From Peers
FRANKFURT—The European Central Bank kept its key interest rates on hold and…
CNN President Jeff Zucker Resigns, Citing Relationship With Colleague
CNN President Jeff Zucker resigned from the TV news organization, citing his…
Facebook’s Stock Plunges After Profit Declines
Facebook parent Meta Platforms Inc. startled investors with a sharper-than-expected decline in…
Raskin Faces Senate Questions Over Climate Views
WASHINGTON— Sarah Bloom Raskin, President Biden’s pick to become the government’s most…
Spotify, Facing Pushback Against Joe Rogan, Reports Jump in Users
Spotify Technology SA SPOT -5.75% added more users and saw a surge…