(Reuters) -Hershey Co raised its annual sales outlook and beat estimates for quarterly results on Thursday, as consumers bought more of its chocolates at airports, movie theaters and other food joints after the easing of COVID-19 curbs....
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From Facebook to Twitter, Big Tech sees social commerce driving sales growth
By Sheila Dang and Nivedita Balu (Reuters) – Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that...
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Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’
By Elizabeth Culliford and Nivedita Balu (Reuters) -Facebook Inc said on Wednesday it expects revenue growth to “decelerate significantly,” sending the social media giant’s shares down 3.5% in extended trading even as it...
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Analysis-Tesla hikes electric car prices in U.S.; holds line in China
By Eva Mathews, Nivedita Balu and Hyunjoo Jin (Reuters) -Tesla Inc showed signs of divergent strategies in the world’s two biggest automotive markets, raising prices to boost profit margins in the United States while keeping prices...
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Dollar dips after Fed fails to provide taper timeline
By John McCrank and Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar eased on Wednesday after the U.S. Federal Reserve said the economic recovery is on track despite a rise in COVID-19 infections in a policy statement that was...
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International investor concerns mount over China’s tech rout
By Marc Jones LONDON (Reuters) – International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and debt markets....
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