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    1. Business News
    2. Authors
    3. bloomberg

    Bloomberg

    Tesla shares extend losses on demand worries in China
    Tesla outperforms Nasdaq 100 with a gain of 50% from the May low, shareholders approve a 3-for-1 stock split

    The company had a five-for-one stock split in 2020, prompting a 60% surge in the share price from the day…

    By Bloomberg
    August 5, 2022 18:22 IST
    For years, offshore gambling has been a thorn in the side of US regulators.
    Twitch’s gambling boom is luring gamers into crypto casinos

    Although crypto-gambling has been a heavy presence on Twitch for over a year, it’s now attracting more viewers—and more controversy—than…

    By Bloomberg
    August 5, 2022 14:59 IST
    Adjusted sales will rise 6% to 7% this year, the London-based group said in a statement on Friday. That compared to its previous forecast of 5.5% to 6.5%.
    WPP raises sales outlook on demand from tech, health clients

    Adjusted sales excluding pass-through-costs rose more than 12% to 5.5 billion pounds ($6.7 billion) in the first half of the…

    By Bloomberg
    August 5, 2022 13:28 IST
    US stocks, S&P500, Nasdaq100
    US stocks end flat as traders parse earnings; Yield curve remains inverted amid recession fears

    US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global…

    By Bloomberg
    August 5, 2022 07:18 IST
    US Stock market, crash, bulls, bears, downgrades, recession, risks
    Stock market recovery not sustainable amid deteriorating macroeconomic data: Strategists caution

    With Federal Reserve leaders pledging to continue an aggressive fight to cool inflation despite recession risks, strategists have cautioned against…

    By Bloomberg
    Updated: August 4, 2022 14:46 IST
    World of Warcraft was released in 2004 and remains one of the biggest cash cows for Activision Blizzard and NetEase
    Blizzard and NetEase scrap mobile game World of Warcraft due to financing dispute

    The two companies disagreed over terms and ultimately called a halt to the project, which had been kept under wraps

    By Bloomberg
    August 4, 2022 14:02 IST
    Alphabet Inc.’s Google is protected by a federal law, Section 230 of the Communications Decency Act
    Google defeats lawsuit decrying animal abuse videos on YouTube

    By allowing the videos on its platform, Google was violating federal law that bars depictions of animal cruelty

    By Bloomberg
    August 4, 2022 08:18 IST
    rbi monetary policy, rbi mpc, rbi repo rate
    RBI Monetary Policy: Repo rate set to jump back to pre-pandemic levels; MPC may hike rate by 50 bps

    India’s central bank is expected to deliver another half-point increase in its main policy rate on Friday to signal it’s…

    By Bloomberg
    Updated: August 4, 2022 12:01 IST
    US stock markets, nasdaq, s&p 500, us stocks
    US stocks snap two-day losing streak on strong corporate earnings; treasuries trim losses

    US stocks snapped a two-day decline on Wednesday as corporate earnings and economic data came in better than expected. Treasuries…

    By Bloomberg
    August 4, 2022 07:10 IST
    Retail sales grew 3.1% in June, versus 12% a year earlier.
    Alibaba and Tencent face end of an era as sales start to shrink

    Alibaba’s revenue is projected to slip 1.2% to 203.4 billion yuan ($30.1 billion) for the three months ended June.

    By Bloomberg
    August 3, 2022 16:12 IST
    Monsoon India
    India’s dry monsoon spell could be the next big worry for world’s food supply, global inflation

    Rice could emerge as the next challenge for global food supply as a shortage of rain in parts of India,…

    By Bloomberg
    Updated: August 3, 2022 12:49 IST
    crude oil, oil prices
    Oil prices fall as ahead of OPEC+ decision; Fed speakers signal bank may go on tightening monetary policy

    Oil slipped before an OPEC+ meeting as traders wait to see whether the group will heed a US call to…

    By Bloomberg
    August 3, 2022 07:25 IST
    Wall street, US Fed
    Asian stocks struggle as traders mull hawkish US Fed comments, US-China ties; July US employment data eyed

    Stocks struggled for traction in Asia on Wednesday and the dollar climbed as investors evaluated heightened US-China tension and hawkish…

    By Bloomberg
    Updated: August 3, 2022 08:17 IST
    Warren Buffett, Berkshire Hathaway, BYD, stock, share, Hong Kong, short sellers
    What is Warren Buffett doing with Berkshire Hathaway Inc.’s $8 billion stake in BYD Co.?

    While traders initially assumed Buffett was preparing to dump his stake in the high-flying Chinese electric car giant, now they’re…

    By Bloomberg
    August 2, 2022 16:48 IST
    The company’s games business underwhelmed in the April-June quarter with 47.1 million PlayStation 4 and 5 titles sold, down from 63.6 million a year earlier.
    Sony’s shares drop as gaming business posts a decline in revenue

    The company’s games business underwhelmed in the April-June quarter with 47.1 million PlayStation 4 and 5 titles sold, down from…

    By Bloomberg
    August 2, 2022 09:34 IST
    Pinterest said average revenue per user globally was $1.54, in line with estimates.
    Pinterest surges in rally on users, Elliott as top holder

    The Wall Street Journal reported Elliott’s stake as 9% on July 15, sending Pinterest stock up 16%

    By Bloomberg
    August 2, 2022 08:44 IST
    Stock market news
    Global stock markets tumble, investors move towards bonds amid rising US-China tension, hawkish Fed comments

    Stocks in Asia retreated Tuesday amid escalating US-China tension over Taiwan and deepening worries about a global economic slowdown, risks…

    By Bloomberg
    Updated: August 2, 2022 07:27 IST
    it’s important to acknowledge that much is unknown about Amazon’s ad business, which makes assessing its growth prospects and true profitability difficult
    Amazon’s ad business emerges as the star of the company

    Given the high-profit nature of advertising, the business is likely now a key contributor to the company’s bottom line

    By Bloomberg
    August 1, 2022 19:46 IST
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    Latest News

    tata motors

    Tata Motors confirms fixing cyber security flaws that left 70TB of customer data at risk

    Trump calls Modi like a father

    Trump says Modi is ‘like a father, a killer, tough as hell’; hints at early trade deal

    Diljit Dosanjh threat

    ‘Immediate threat’ to Diljit Dosanjh’s life: Khalistani warning over Australia concert – All we know

    jeff bezos watch collection

    Amazon’s Jeff Bezos spotted wearing rare $2.4 million Richard Mille timepiece; Inside the billionaire’s luxe watch collection

    IND

    India vs Australia Highlights: First T20 match of series called off due to heavy rain in Canberra

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