Facebook’s user engagement dips on News Feed tweaks; shares fall
(Reuters) – Facebook Inc reported slightly slower-than-expected growth in daily active users in the latest quarter and said changes made to the News Feed reduced the time spent by users by about 50 million hours every day.
AT&T quarterly profit tops estimates, shares rise
NEW YORK (Reuters) – AT&T Inc said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions.
Wall St. ends off day’s highs as Fed sees inflation rising
(Reuters) – U.S. stocks finished marginally higher on Wednesday as indexes gave up early gains after the Federal Reserve said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March.
Qualcomm’s earnings top estimates as modem chip sales surge
(Reuters) – Chipmaker Qualcomm Inc’s earnings and revenue topped Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue.
Microsoft reports better-than-expected quarterly revenue, profit
(Reuters) – Microsoft Corp reported better-than-expected quarterly revenue and profit on Wednesday, helped by robust demand for its cloud computing services and flagship Azure product, which has recorded dramatic growth over several quarters.
Argentina companies list on U.S. exchanges ahead of expected rate hikes
BUENOS AIRES (Reuters) – Argentine companies are rushing to list shares on U.S. exchanges beginning this week to beat an expected hike in interest rates by the U.S. Federal Reserve, analysts said, while taking advantage of an improved investor climate …
Fed leaves rates unchanged, sees inflation rising this year
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell.
Mondelez quarterly revenue rises 3 percent
(Reuters) – Mondelez International Inc , the world’s second-largest confectionary company, on Wednesday reported a 3 percent rise in quarterly revenue, fueled by strong demand for its key brands like Cadbury Dairy Milk and Oreo cookies.
Wall St. loses gains after Fed sees inflation rising
(Reuters) – U.S. stocks gave up earlier gains to trade lower on Wednesday after the Federal Reserve said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March.
Fed keeps interest rates steady, sees inflation rising this year
WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said it anticipated inflation would rise this year, in a sign it is still on track to raise borrowing costs in March under incoming central bank chief Jerome…
