Peloton plans workforce size review, production changes

Jan 20 (Reuters) – The chief executive of Peloton Interactive Inc (PTON.O) said on Thursday the company was reviewing its workforce size and “resetting” production levels, following a report earlier in the day that it was temporarily halting the production of connected devices. fitness bikes and treadmills after a significant drop in demand. Shares of … Read more

Gloomy Netflix forecast erases much of stock’s pandemic gains

The Netflix logo is seen on a television remote control, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register LOS ANGELES, Jan 20 (Reuters) – Netflix Inc dashed hopes of a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares tumbling nearly 20% … Read more

‘This is an end’: Serbia revokes Rio Tinto’s lithium project licences

BELGRADE (Reuters) – Serbia on Thursday revoked Rio Tinto (RIO.L)’s lithium exploration licenses, bowing to protesters who opposed the development of a giant Anglo-Australian mining project on environmental grounds. Serbian Prime Minister Ana Brnabic said the government’s decision followed requests from various green groups to halt the $2.4 billion Gadar lithium project which, if completed, … Read more

Bargain-hunting buoys Wall Street after Nasdaq correction

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York, U.S., December 3, 2021. REUTERS/Jeenah Moon/File Photo Join now for FREE unlimited access to Reuters.com Register Peloton tumbles after report suspends production Travelers up after reporting record quarterly profit Baker Hughes jumps on fourth-quarter earnings release Indices up: Dow … Read more

Wall Street banks eye ‘new normal’ for trading revenue

A sign, Wall Street, is seen outside the New York Stock Exchange (NYSE) in New York, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton/File Photo Join now for FREE unlimited access to Reuters.com Register NEW YORK, Jan 19 (Reuters) – Wall Street banks expect trading revenue to settle at a “new normal” somewhere between pre-pandemic … Read more

Japan widens COVID-19 curbs as Omicron drives record infections

TOKYO (Reuters) – Japan on Wednesday expanded its restrictions on COVID-19 to include the capital Tokyo and dozens of areas covering half the population, where the Omicron type of coronavirus led to record new infections. Already in three regions, the measures, which are set to run from Friday until February 13, have been made official … Read more

Airlines scramble to rejig schedules amid U.S. 5G rollout concerns

Jan 19 (Reuters) – Major international airlines rushed to change or cancel flights to the United States ahead of the 5G wireless rollout on Wednesday, sparking security concerns, despite two wireless carriers said they would delay parts of the rollout. The Federal Aviation Administration (FAA) had warned that potential interference from 5G could affect height … Read more

AT&T, Verizon pause 5G rollout near U.S airports to avoid flight disruptions

WASHINGTON, Jan 18 (Reuters) – AT&T (TN) and Verizon Communications (VZ.N) agreed on Tuesday to temporarily delay the activation of certain wireless towers near major airports to avoid significant disruption to U.S. flights. President Joe Biden hailed the deal, saying it “will avoid potentially devastating disruptions to passenger travel, cargo operations, and our economic recovery, … Read more

Wall St tumbles as yield spike hits tech, banks slump after Goldman miss

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York, U.S., December 3, 2021. REUTERS/Jeenah Moon Join now for FREE unlimited access to Reuters.com Register Goldman shares fall 7% as earnings hit by weaker trading Benchmark US Treasury yields hit two-year highs Activision skyrockets on $68.7 billion deal with … Read more

Goldman shares tumble as weak trading, higher pay hit profit

The Goldman Sachs logo is seen on the floor of the New York Stock Exchange (NYSE) in New York, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Jan 18 (Reuters) – Goldman Sachs Group (GS.N) missed its quarterly profit forecast on Tuesday as weak business activity … Read more