TOKYO (AP) — Asian shares were mostly lower on Wednesday following another volatile day on Wall Street, as traders braced for updates on inflation and corporate earnings.
Benchmarks fell in Tokyo, Shanghai and Hong Kong but rose in Sydney.
NEW YORK (AP) — Like many Americans, Karla Maldonado has been cutting back her spending to spare her wallet from rising costs: She is eating out less and attending fewer social events to curb the impact of high gas prices.
NEW YORK (AP) — Shares of buy-now, pay-later company Affirm, which grew rapidly in the past two years as American consumers increasingly tried online installment loans, fell sharply Thursday after the company gave a more cautious outlook for its current fiscal year.
TOKYO (AP) — Asian shares mostly rose Thursday as investors welcomed encouraging economic data and quarterly earnings reports from big companies.
Benchmarks rose across the region, including Japan, China, Australia and South Korea.
Amazon is raising its Prime fees in Europe, the company told customers on Tuesday, days ahead of its second-quarter earnings report.
Among other places, the price of a monthly Prime membership will tick up in the United Kingdom from 7.99 to 8.99 pounds, while the annual cost will increase from 79 to 95 pounds ($114.26), the company said in the notice sent to customers.
SAN FRANCISCO (AP) — Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming service’s effort to launch a cheaper option with commercial interruptions.
Stocks on Wall Street closed lower Tuesday as investors brace for a big week of news on inflation and company earnings reports.
The S&P 500, the Dow Jones Industrial Average, and the Nasdaq fell.
NEW YORK (AP) — Since inflation began bursting higher last year, big U.S. companies have found a simple way to keep making record profits: Pass all those price increases along to their customers.
COPENHAGEN, Denmark (AP) — Danish toy company Lego said Tuesday its net profit increased by more than a third in 2021, the second year of the COVID-19 pandemic, coming in at 13.5 billion kroner ($2 billion), up from 9.9 billion kroner a year earlier.
BANGKOK (AP) — Shares were mixed in Asia on Thursday as the latest batch of company earnings reports kept investors in a buying mood, driving gains on Wall Street.
Markets in China remained closed for Lunar New Year holidays.
A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week.
The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down about 1% earlier in the day.