Roku revenue misses on supply chain snags, shares fall 20%
– Roku Inc reported quarterly revenue on Thursday that missed estimates, as the company was hit by supply chain issues that affected sales of television sets and its own streaming…
– Roku Inc reported quarterly revenue on Thursday that missed estimates, as the company was hit by supply chain issues that affected sales of television sets and its own streaming…
By Jonathan Stempel NEW YORK -Tesla Inc and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and…
-Shake Shack Inc forecast first-quarter revenue below estimates as the fast-spreading Omicron variant kept diners away and led to temporary restaurant closures, sending the burger chain’s shares down 10% in…
WASHINGTON – The U.S. Federal Trade Commission, which enforces consumer protection rules, voted on Thursday to embark on regulations that would allow it to win back money from companies that…
– Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a…
– Morgan Stanley expects the U.S. Federal Reserve to raise interest rates six times this year for a total of 150 basis points, a faster increase than previously predicted, according…
By Gertrude Chavez-Dreyfuss and Caroline Valetkevitch NEW YORK -The safe-haven Japanese yen and Swiss franc climbed to two-week peaks against the U.S. dollar on Thursday, on worries about escalating Russia-Ukraine…
– U.S. officials held discussions with Saudi Arabia about a “collaborative approach” to managing potential market pressures stemming from a possible Russian invasion of Ukraine, the White House said on…
– Bitcoin dropped 7.4% to $40,631.78 at 2205 GMT on Thursday, down $3,248.05 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 15.3% from the year-to-date…
NEWARK, N.J. – A former federal correctional officer was sentenced today to 26 months in prison for accepting approximately $50,000 in cash bribes in exchange for delivering contraband to federal…
NEWARK, N.J. – A New Jersey woman today admitted transmitting the proceeds of a fraudulent scheme in which elderly victims were falsely told that they had won large sums of…
By Ann Saphir – Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to…
By Herbert Lash NEW YORK – Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia…
– U.S. stocks tumbled on Thursday, with investors hastening a move late in the session toward defensive sectors and safe havens such as U.S. bonds and gold as geopolitical tensions…
– Intel Corp said on Thursday it has pushed back the launch of standalone graphics chips for desktops to the second quarter, while those for laptops will be rolled out…
By Matt Scuffham, Noor Zainab Hussain and Elizabeth Dilts Marshall NEW YORK -Wall Street’s biggest banks sounded a warning over the year ahead on Thursday, citing high inflation, credit concerns,…
By Anthony Esposito and Ana Isabel Martinez MEXICO CITY -The expectation that the Federal Reserve will start hiking interest rate soon has put limits on Mexico’s monetary policy, Bank of…
By Arriana McLymore and Uday Sampath Kumar -Walmart Inc fought off snarled supply chains and rising inflation to post its largest-ever holiday season sales and forecast more gains in 2022,…
BROOKLYN PARK, MARYLAND – On February 16, 2022, at approximately 5:15 p.m. officers responded to the area of Old Riverside Road and W. Edgevale Road in Brooklyn Park for a…
By Valentine Baldassari -Ubisoft, the maker of the blockbuster “Assassin’s Creed” video game franchise, said on Thursday it expected to post full-year results at the lower end of its guidance…
By Fergal Smith TORONTO – The Canadian dollar was little changed against its safe-haven U.S. counterpart on Thursday despite Wall Street tumbling on geopolitical worries, with investors sticking to bets…
By Michelle Price and Katanga Johnson WASHINGTON -U.S. authorities filed criminal and civil charges against the founder and former chief investment officer of investment adviser Infinity Q Capital Management LLC,…
PITTSBURGH – A Mercer County resident has been sentenced in federal court to 84 months’ imprisonment and 7 years’ supervised release on his conviction of Distribution and Possession of Material…
By Tom Sims and Alexander Hübner FRANKFURT -German insurer and asset manager Allianz on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and…
BOSTON – A Florida man was sentenced yesterday for his role in a multi-million-dollar Medicare fraud scheme involving durable medical equipment. Nathan LaParl, 34, of Boca Raton, Fla., was sentenced…