Aug 01, 2022
Einhorn’s Greenlight takes stake in Twitter – letter

By Svea Herbst-Bayliss BOSTON (Reuters) - Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said…

Jul 27, 2022
Cost of living crisis? Consumers keep spending for now

By Richa Naidu and Sachin Ravikumar LONDON (Reuters) - Consumer-focused firms are seeing no shortage of demand despite the soaring cost-of-living, prompting several to upgrade sales forecasts for the current year, though questions remain about how long that will last.…

Jul 26, 2022
UPS puts limit on Amazon deliveries amid focus on bigger returns

By Lisa Baertlein and Aishwarya Nair (Reuters) - United Parcel Service on Tuesday said it will not lift the number of packages it delivers for Amazon.com, its biggest customer, as it focuses on shipments with the highest financial returns. The…

Jul 25, 2022
Explainer-What’s causing the recent U.S. heat waves?

By Daniel Trotta (Reuters) - Much of the United States will experience another heat wave this week, with above-normal temperatures forecast for the Pacific Northwest, Southern Plains and the Lower Mississippi Valley. The extreme heat is fueling a fast-moving California…

Jul 25, 2022
Analysis: Food delivery companies revamp for cost-of-living crunch

By Toby Sterling and Hilary Russ AMSTERDAM/NEW YORK (Reuters) - When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year's free delivery, shares in rivals slumped. The deal, a lifeline for Grubhub…

Jul 22, 2022
AmEx raises revenue forecast on surging travel spending

By Mehnaz Yasmin and Manya Saini (Reuters) -American Express Co's quarterly card spending soared to a record as pandemic-weary travelers shrugged off rising airfare to throng airports, helping the company raise its annual revenue forecast and sending its shares 5%…