Financial firms face $225 billion in water-related losses, analysis estimates

Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental disclosure platform CDP and Planet Tracker estimates.

newspaper

04-05-2022

EBay deepens e-commerce gloom with disappointing forecast

(Reuters) -EBay Inc on Wednesday became the latest e-commerce retailer to give a gloomy revenue forecast as growth slows in the sector after two years of rapid expansion during the pandemic, sending its shares down 6% in extended trading.

newspaper

04-05-2022

U.S. Congress edges toward massive China competition bill with votes on Iran, energy

The U.S. Congress edged closer on Wednesday toward completing a long-stalled bill authorizing hundreds of billions of dollars to boost the country's ability to compete with Chinese technology, with Senate votes on motions addressing issues including energy policy and Iran sanctions.

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04-05-2022

Berkshire shareholders overwhelmingly vote to keep Buffett chairman

Berkshire Hathaway Inc shareholders voted by an almost 9-to-1 margin to keep Warren Buffett as both chairman and chief executive, and his company regained compliance with New York Stock Exchange listing standards by reestablishing a majority of independent directors on its board.

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04-05-2022

FAA to boost Florida air traffic control staff amid rise in snarled flights

The Federal Aviation Administration (FAA) said Wednesday it will boost air traffic control staff in Florida after bad weather and space launches have often snarled flights in recent months.

newspaper

04-05-2022

EBay gives gloomy revenue forecast as pandemic boom fades

(Reuters) -EBay Inc on Wednesday became the latest e-commerce retailer to give a gloomy revenue forecast as growth slows after two years of rapid expansion during the pandemic, sending its shares down 6% in extended trading.

newspaper

04-05-2022

Stocks rally after Fed hikes rates, crude jumps

U.S. stocks rallied and Treasury yields fell on Wednesday after the Federal Reserve raised interest rates by 50 basis points as expected and said it would begin to reduce its balance sheet in June in a decision seen as less hawkish than some feared.

newspaper

04-05-2022

EBay forecasts current-quarter revenue below estimates

EBay Inc on Wednesday forecast second-quarter revenue below market estimates, a sign that declining consumer spending and intense competition from rivals like Amazon.com Inc would hit its business.

newspaper

04-05-2022