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Search resuls for: "Eva Mathews Chavi Mehta Jane Lanhee Lee"


2 mentions found


☆ Poor report cards at U.S. companies fan recession fears
  + stars: | 2022-10-26 | by ( Eva Mathews Chavi Mehta Jane Lanhee Lee | Eva Mathews | Chavi Mehta | ) www.reuters.com   time to read: +5 min
[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.
☆ Poor corporate report cards in U.S., Asia point to economic pain
  + stars: | 2022-10-26 | by ( Eva Mathews Chavi Mehta Jane Lanhee Lee | Eva Mathews | Chavi Mehta | ) www.reuters.com   time to read: +6 min
[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.
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