Economy

Economy News

Facebook miss sends social media stocks into after-hours tailspin

(raw quotes from witnesses, victims and officials in a breaking news situation) (Reuters) – Facebook (NASDAQ:FB) owner Meta Platforms Inc shares plunged 22% late on Wednesday after the social media.

Read More
Economy News

Gen Z in China and India more environmentally conscious: Report

Credit Suisse Research Institute survey suggests youth in emerging economies more likely to buy sustainable products. By Todd Woody / Bloomberg Gen Z and millennial consumers in China, India and other.

Read More
Economy News

Jeff Zucker, who helped propel Trump to power, resigns from CNN

CNN boss said he is resigning over his failure to disclose a ‘consensual relationship with my closest colleague’. Jeff Zucker, the United States television executive whose programming decisions helped cement.

Read More
Economy News

Spotify projects slow start to new year due to pandemic unknowns

Spotify also said it would end the first quarter shy of Wall Street estimates on both its total users and paid subscribers fronts. By Lucas Shaw / Bloomberg After a month.

Read More
Economy News

BOJ deputy governor Wakatabe says premature to tighten monetary policy now

By Leika Kihara TOKYO (Reuters) -It is too soon for the Bank of Japan to tighten monetary policy as the economy has not fully emerged from the pandemic’s hit, Deputy.

Read More
Economy News

Fed nominees say inflation is ‘grave threat,’ vow to fight

By Ann Saphir and Jonnelle Marte (Reuters) – U.S. President Joe Biden’s nominees to the Federal Reserve Board came out swinging against high inflation on Wednesday, saying rising prices pose.

Read More
Economy News

“Anyone but Draghi” – how an Italian presidential bid fell flat

By Gavin Jones, Angelo Amante and Giuseppe Fonte ROME (Reuters) – Last weekend, for the first time in his gilded career, Mario Draghi missed out on a promotion. He was.

Read More
Economy News

S.Korea Jan factory activity grows at fastest pace in 6 months- PMI

SEOUL (Reuters) – South Korea’s factory activity grew at the sharpest pace since July last year as output and new order picked up but persistent supply chain woes weighed on.

Read More
Economy News

Japan’s service sector shrinks at fastest pace in 5 months – PMI

TOKYO (Reuters) – Japan’s services sector activity contracted at the fastest pace in five months in January in a sign businesses faced pressure from a record surge in new coronavirus.

Read More
Economy News

New York Democrats take aim at Republicans with aggressive new congressional map

By Joseph Ax (Reuters) – Democratic lawmakers in New York passed a new congressional map on Wednesday that gives their party the advantage in 22 of the state’s 26 districts,.

Read More