Jun 09, 2022
U.S. household wealth drops for first time in 2 years

(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net…

Jun 08, 2022
Spotify expects to reach $100 billion in revenue in 10 years

By Dawn Chmielewski and Supantha Mukherjee (Reuters) -Spotify Technology SA on Wednesday said it expects to reach $100 billion revenue annually in the next 10 years and promised high-margin returns from its costly expansion into podcasts and audiobooks. The audio…

Jun 07, 2022
Food shortages are next global health crisis – expert

By Jennifer Rigby LONDON (Reuters) - Growing food shortages may represent the same health threat to the world as the COVID-19 pandemic, a leading global health figure has warned. Rising food and energy prices, in part sparked by the war…

Jun 07, 2022
Buy now, pay later stocks roiled by Apple’s entry

(Reuters) - Shares of buy now, pay later (BNPL) companies stumbled on Tuesday as the entry of Apple Inc threatened to ratchet up competition in a sector reeling from geopolitical tensions, regulatory scrutiny and rising interest rates. The service, called…

Jun 03, 2022
Crypto scam victims lose more than $1 billion since 2021 – FTC

(Reuters) - More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in…

Jun 02, 2022
USPS expects to boost purchase of electric delivery vehicles

By David Shepardson (Reuters) -The U.S. Postal Service (USPS) said on Wednesday it is seeking to boost the number of electric delivery vehicles it plans to buy as it modernizes its network for a new delivery plan. The USPS currently…