Business

Online marketplace Etsy beats revenue estimates on steady demand

Wednesday, April 29 by SRN News

By Krisha Bhatt April 29 (Reuters) - Online marketplace Etsy beat Wall Street expectations for first-quarter revenue on Wednesday, helped by growth in gross merchandise sales as more active buyers joined the platform and shoppers spent more on each purchase. Consumer spending has been under pressure... Read More.

MercadoLibre CEO flags loan‑book sales, plays down Venezuela expansion

Wednesday, April 29 by SRN News

By Lucinda Elliott BUENOS AIRES, April 29 (Reuters) - MercadoLibre could sell parts of its fast-growing loan book to support its fintech business, its chief executive told Reuters, adding that operations in Venezuela remain small and unchanged, as investors weigh credit risk ahead of first-quarter... Read More.

US core capital goods orders blow past expectations in March

Wednesday, April 29 by SRN News

WASHINGTON, April 29 (Reuters) - New orders for key U.S.-manufactured capital goods increased more than expected in March while shipments of those products surged, suggesting that business spending on equipment helped to drive economic growth in the first quarter. Non-defense capital goods orders excluding aircraft,... Read More.

Beijing clamps down on drones: Sales banned citywide from May 1

Wednesday, April 29 by SRN News

BANGKOK (AP) - Beijing is banning all drones within city limits starting May 1. The Chinese capital's city government passed a series of ordinances in late March banning drone sales and flights, although users have long been blocked from flying drones within the city. A... Read More.

Lululemon Athletica founder Chip Wilson raises doubts on new CEO pick amid proxy battle

Wednesday, April 29 by SRN News

By Juveria Tabassum and Svea Herbst-Bayliss April 29 (Reuters) - Lululemon Athletica founder Chip Wilson raised concerns about the struggling athletic-wear maker's appointment of ex-Nike executive Heidi O'Neill as CEO as he continues to push for new directors to revive the aging brand. Wilson, who has... Read More.

Volvo Cars aims to retain premium pricing as US tariffs pile on pressure

Wednesday, April 29 by SRN News

By Marie Mannes STOCKHOLM, April 29 (Reuters) - Volvo Cars said on Wednesday that it had underestimated the impact of scrapped U.S. EV subsidies, but cost savings had helped contain a drop in first-quarter earnings squeezed by price pressure and tariffs. Like other European carmakers,... Read More.

Aircraft lessor AerCap says prolonged high oil prices could bring opportunities

Wednesday, April 29 by SRN News

DUBLIN, April 29 (Reuters) - Higher fuel prices for between three and six months would pressure the airline industry, but could bring benefits for aircraft lessors, the world's largest aircraft leasing company, AerCap said on Wednesday. Prolonged high fuel prices could contribute to an acceleration... Read More.

High-octane muscle: Edmunds compares the Ford Mustang and Dodge Charger

Wednesday, April 29 by SRN News

The Ford Mustang and Dodge Charger have been rivals since the 1960s, but modern versions take distinct approaches to the muscle car formula. Today's Mustang leans into sports car territory, with sharp reflexes and the track-tuned Dark Horse model. The Charger is more pragmatic,... Read More.

Analysis-Investors reload yen shorts in intervention test

Wednesday, April 29 by SRN News

By Gregor Stuart Hunter and Rocky Swift SINGAPORE, April 29 (Reuters) - Investors have built the biggest short yen position in nearly two years, selling the currency against the euro, Swiss franc, British pound and Australian dollar in a bet that neither rate hikes nor... Read More.

Robinhood shares fall as crypto slump dents trading volume growth

Wednesday, April 29 by SRN News

By Manya Saini and Arasu Kannagi Basil April 29 (Reuters) - Robinhood's shares plunged 10% before the bell on Wednesday, as crypto-driven market volatility dampened its first-quarter trading volume growth, leading the trading platform to miss estimates for profit and revenue. Crypto markets have come under... Read More.

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Current Weather

Online marketplace Etsy beats revenue estimates on steady demand

MercadoLibre CEO flags loan‑book sales, plays down Venezuela expansion

US core capital goods orders blow past expectations in March

Beijing clamps down on drones: Sales banned citywide from May 1

Lululemon Athletica founder Chip Wilson raises doubts on new CEO pick amid proxy battle

Volvo Cars aims to retain premium pricing as US tariffs pile on pressure

Aircraft lessor AerCap says prolonged high oil prices could bring opportunities

High-octane muscle: Edmunds compares the Ford Mustang and Dodge Charger

Analysis-Investors reload yen shorts in intervention test

Robinhood shares fall as crypto slump dents trading volume growth

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