Jun 12, 2022
Dashed peak inflation hopes spell more pain for stocks and bonds

By David Randall and Davide Barbuscia NEW YORK (Reuters) -Blistering inflation is threatening to reignite twin declines in U.S. stocks and bonds, leaving investors with few places to hide from a Federal Reserve that appears headed for its most aggressive…

Jun 11, 2022
Meta probing Sheryl Sandberg’s use of company resources – WSJ

(Reuters) - Lawyers are investigating Meta Platforms Inc's outgoing operations chief Sheryl Sandberg's use of company resources over several years, the Wall Street Journal reported on Friday, citing people familiar with the matter. Several employees have been interviewed in connection…

Jun 09, 2022
U.S. household wealth drops for first time in 2 years

(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net…

Jun 08, 2022
Spotify expects to reach $100 billion in revenue in 10 years

By Dawn Chmielewski and Supantha Mukherjee (Reuters) -Spotify Technology SA on Wednesday said it expects to reach $100 billion revenue annually in the next 10 years and promised high-margin returns from its costly expansion into podcasts and audiobooks. The audio…

Jun 07, 2022
Buy now, pay later stocks roiled by Apple’s entry

(Reuters) - Shares of buy now, pay later (BNPL) companies stumbled on Tuesday as the entry of Apple Inc threatened to ratchet up competition in a sector reeling from geopolitical tensions, regulatory scrutiny and rising interest rates. The service, called…

Jun 03, 2022
Crypto scam victims lose more than $1 billion since 2021 – FTC

(Reuters) - More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in…

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