Megacap stocks lose ground as yields rise, economic data awaited

Futures down: Dow 0.73%, S&P 0.72%, Nasdaq 0.70% Oct 5 (Reuters) – US stock index futures fell on Wednesday ahead of key economic data as rising Treasury yields spurred selling in megacap growth stocks, with recession fears from aggressive central bank rate hikes weighing on risk appetite. After posting a loss in the previous quarter, … Read more

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, Sept 20 (Reuters) – YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned (GOOGL.O) streaming service announced Tuesday that it would introduce advertising on its video feature Shorts and give video … Read more

Analysis: Overstretched US companies feel the pinch of higher borrowing costs

Sharpie markers owned by Newell Brands are seen for sale in a store in Manhattan, New York City, US, February 7, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Sept 20 (Reuters) – When US consumer products company Newell Brands Inc (NWL.O) refinanced $1.1 billion worth of bonds earlier this month, … Read more

Italy’s ad market seen slightly lower in 2022, says MFE exec

Register now for FREE unlimited access to Reuters.com Register MILAN, Sept 8 (Reuters) – Italy’s advertising market is set to dip in 2022 but it will still remain close to pre-COVID levels, an executive at the country’s top commercial broadcaster MediaForEurope (MFE) (MFEA.MI), (MFEB. MI) was quoted on Thursday as saying. “The sentiment is that … Read more

Securitas sets sales target for tech and solutions unit, shares fall

OSLO, Aug 24 (Reuters) – Sweden’s Securitas (SECUb.ST) said on Wednesday it aims to increase the sales of its key technology and solutions business by 8-10% per year following the recent acquisition of Stanley Black & Decker’s (SWK. N) electronic security unit. The company did not set a company-wide growth target, however, as some analysts … Read more

Nintendo Q1 Switch sales slump 22% to 3.43 million units

Different models of the Nintendo Switch are seen on display in a GameStop in Manhattan, New York, US, December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Maintained annual sales Switch forecast at 21 million units Forecasting second year of Switch sales decline Nintendo to release new ‘Pokemon’ titles in … Read more

Weber replaces CEO, warns of layoffs as inflation bites into business

CEO Chris Scherzinger rings a ceremonial bell on the trading floor at the New York Stock Exchange (NYSE) during the Weber Inc. initial public offering (IPO) in Manhattan, New York City, US August 5, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register July 25 (Reuters) – Weber Inc (WEBR.N) on Monday … Read more