Tag: slows

  • Microsoft’s Azure revenue growth slows, shares fall

    Microsoft’s Azure revenue growth slows, shares fall

    [ad_1] (Reuters) – Microsoft Corp on Thursday reported results largely in line with Wall Street’s targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. FILE PHOTO: People walk outside the Microsoft office in Beijing, China, January 24, 2019. REUTERS/Thomas Peter/File Photo Shares of Microsoft, one of the…

  • Microsoft’s Azure revenue growth slows in December quarter, shares fall

    Microsoft’s Azure revenue growth slows in December quarter, shares fall

    [ad_1] (Reuters) – Microsoft Corp on Thursday reported results largely in line with Wall Street’s targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. FILE PHOTO: People walk outside the Microsoft office in Beijing, China, January 24, 2019. REUTERS/Thomas Peter/File Photo Earnings per share slightly exceeded expectations,…

  • AT&T’s wireless customer growth slows, revenue misses estimates

    AT&T’s wireless customer growth slows, revenue misses estimates

    [ad_1] (Reuters) – AT&T Inc reported slower wireless customer growth and larger declines in its pay-TV business than Wall Street expected, sending its shares down 4 percent on Wednesday. An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni The second-largest U.S. wireless carrier by subscribers has turned its focus to…

  • Oil prices dip on worries fuel demand to stall as global growth slows

    Oil prices dip on worries fuel demand to stall as global growth slows

    [ad_1] SINGAPORE (Reuters) – Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel demand and after a surprise build in U.S. crude inventories. FILE PHOTO: Oil takners pass through the Strait of Hormuz, December 21, 2018. REUTERS/Hamad I Mohammed/File Photo International Brent crude oil futures LCOc1 were at…

  • China population rises 15.23 million in 2018, but rate slows

    China population rises 15.23 million in 2018, but rate slows

    [ad_1] China’s population rose by 15.23 million people in 2018, marking a continued decrease in the growth rate of the world’s most populous nation. Numbers released by the National Bureau of Statistics on Monday put the population at 1.395 billion in 2018, marking a growth rate of 3.81 per cent over the previous year. The…

  • China’s 2018 growth slows to 28-year low, more stimulus seen

    China’s 2018 growth slows to 28-year low, more stimulus seen

    [ad_1] BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. FILE PHOTO: A tree is pictured in front of buildings in…

  • Asia stocks calm as China slows, awaits Brexit news

    Asia stocks calm as China slows, awaits Brexit news

    [ad_1] SYDNEY (Reuters) – Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade. FILE PHOTO – An investor watches a board showing stock information at a brokerage office…

  • China slashes banks’ reserve requirements again as economy slows

    China slashes banks’ reserve requirements again as economy slows

    [ad_1] BEIJING (Reuters) – China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past year — freeing up $116 billion for new lending as it tries to reduce the risk of a sharper economic slowdown. Headquarters of the People’s…

  • Oil falls in first day of 2019 trading as supply surges, economy slows

    Oil falls in first day of 2019 trading as supply surges, economy slows

    [ad_1] SINGAPORE (Reuters) – Oil prices fell on Wednesday on the back of surging U.S. crude production and concerns about an economic slowdown in 2019, as China’s factory activity showed signs of contraction. FILE PHOTO: Oil rigs in a storage facility wait to be transported to the oil field in Midland, Texas U.S. August 22,…

  • Nissan to cut China auto output over three months as demand slows: source

    Nissan to cut China auto output over three months as demand slows: source

    [ad_1] TOKYO (Reuters) – Nissan Motor Co (7201.T) plans to cut vehicle production in China by 30,000 units in the coming months, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market. Nissan cars are seen at a storage area in Guangzhou, Guangdong province,…

  • Fed hikes interest rates, slows future tightening path

    Fed hikes interest rates, slows future tightening path

    [ad_1] WASHINGTON (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and said it was keeping the core of its plan to tighten monetary policy intact even as central bank officials said they would likely slow the pace of further rate increases next year. After weeks of market volatility and calls by President…

  • U.S. job growth slows; monthly wage gains miss expectations

    U.S. job growth slows; monthly wage gains miss expectations

    [ad_1] WASHINGTON (Reuters) – U.S. job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019. FILE PHOTO – Job seekers line up at a job fair of an oil services giant Halliburton…

  • Uber Posts $1 Billion Loss in Quarter as Growth in Bookings Slows

    Uber Posts $1 Billion Loss in Quarter as Growth in Bookings Slows

    [ad_1] Uber Technologies said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the single digits after double-digit growth for all of last year. The San Francisco-based firm lost $1.07 billion (roughly Rs. 7,700…

  • Asia edges up as oil slide slows; pound, euro firm on Brexit optimism

    Asia edges up as oil slide slows; pound, euro firm on Brexit optimism

    [ad_1] TOKYO (Reuters) – Asian stocks edged up on Thursday as a steep slide in crude oil prices which had chilled investor sentiment slowed, while the pound and euro were supported after British Prime Minister Theresa May gained cabinet support for a Brexit deal. A man looks at an electronic stock quotation board outside a…

  • Tencent’s Ad Revenue in Focus as Games Business Slows on China Crackdown

    Tencent’s Ad Revenue in Focus as Games Business Slows on China Crackdown

    [ad_1] Tencent Holdings is expected to report a small rise in quarterly net profit on Wednesday, with a steady gain in advertising revenue helping offset a slump in its core gaming business caused by a prolonged regulatory crackdown. China, the world’s biggest gaming market, stopped approving new games since March amid a regulatory overhaul, leading…

  • U.S. economic growth slows slightly in third quarter; outlook less upbeat

    U.S. economic growth slows slightly in third quarter; outlook less upbeat

    [ad_1] WASHINGTON (Reuters) – The U.S. economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping growth on track to hit the Trump administration’s 3 percent target this year. Gross domestic product increased at a 3.5…

  • China’s real estate investment slows in September as caution sinks in

    China’s real estate investment slows in September as caution sinks in

    [ad_1] BEIJING (Reuters) – Growth in China’s real estate investment eased in September and home sales fell for the first time since April, as developers dialed back expansion plans amid economic uncertainties and as additional curbs on speculative investment kicked in. FILE PHOTO: A woman points at the model of a residential compound by China…

  • China shares fall as GDP growth slows; regulators pledge support

    China shares fall as GDP growth slows; regulators pledge support

    [ad_1] SHANGHAI (Reuters) – Shares in China extended losses in early trade on Friday as the country recorded its slowest quarterly growth rate since 2009, despite statements from senior regulators pledging support for private firms and companies facing liquidity problems. FILE PHOTO: A worker puts finishing touches to an iPal social robot, designed by AvatarMind,…

  • Oil prices latest: China slows downas oil SOARS | World | News

    Oil prices latest: China slows downas oil SOARS | World | News

    [ad_1] The price of oil is set to rise as Iran’s ability to contribute to the world’s supply is restricted by US sanctions. Now oil and gas ministers in Bahrain and Oman warn that China could buy less oil as a result of tariffs imposed on a wide range of Chinese imports.  Oman’s Oil Minister,…

  • Pound v US dollar: GBP/USD exchange rate drops -0.5 per cent as UK manufacturing slows | City & Business | Finance

    Pound v US dollar: GBP/USD exchange rate drops -0.5 per cent as UK manufacturing slows | City & Business | Finance

    [ad_1] The latest PMI reading revealed a dip from 54 points to 52.8; economists had been expecting a smaller decline to 53.8 points. IHS Markit complies UK manufacturing PMI data and company Director Rob Dobson said of the results: “The performance of the UK manufacturing sector looked increasingly lacklustre in August. “The headline PMI fell…

  • Best Buy second-quarter online sales growth slows, shares drop

    Best Buy second-quarter online sales growth slows, shares drop

    [ad_1] (Reuters) – Best Buy Co Inc (BBY.N) on Tuesday reported online sales growth that decelerated from the previous quarter, sending its shares down 5 percent in premarket trade. Shoppers wait in line outside a Best Buy electronics store in Westbury, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton The U.S. consumer electronics retailer said…

  • New York Times digital subscriber growth slows, shares drop 

    New York Times digital subscriber growth slows, shares drop 

    [ad_1] The New York Times reported a better-than-expected quarterly profit but the company added fewer paid digital subscribers, sending its shares down about 5 percent in premarket trading. The company added 109,000 paid digital subscribers in the second quarter, compared with 114,000 a year earlier, when it offered heavy discounts for annual subscriptions. Digital advertising…

  • U.S. job growth slows in July, unemployment rate drops

    U.S. job growth slows in July, unemployment rate drops

    [ad_1] WASHINGTON (Reuters) – U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that labor market conditions continued to tighten. With manufacturing payrolls increasing by the most in seven months, the moderation in hiring reported by the Labor…

  • U.S. job growth slows in July, unemployment rate dips

    U.S. job growth slows in July, unemployment rate dips

    [ad_1] WASHINGTON (Reuters) – U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labor market was tightening. FILE PHOTO: People wait in line to attend TechFair LA, a technology job fair, in Los Angeles, California, U.S.,…

  • U.S. factory activity slows; private payrolls increase

    U.S. factory activity slows; private payrolls increase

    [ad_1] WASHINGTON (Reuters) – U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term. Construction lifts are parked near the Drydock Center in Boston, Massachusetts, U.S., June 2, 2017. REUTERS/Brian Snyder Other data on Wednesday…

  • Samsung Electronics profit growth slows as Galaxy S9 misses sales targets

    Samsung Electronics profit growth slows as Galaxy S9 misses sales targets

    [ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market. FILE PHOTO: The logo of Samsung Electronics is seen at its office…

  • Samsung Electronics profit growth slows despite stellar chip sales

    Samsung Electronics profit growth slows despite stellar chip sales

    [ad_1] SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) posted its slowest quarterly profit growth in more than a year on Tuesday as the sluggish global smartphone market weighed on earnings, although the chip business continued to perform well. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South…

  • Facebook sees biggest stock market value drop in history as growth slows

    Facebook sees biggest stock market value drop in history as growth slows

    [ad_1] Facebook lost more than $100 billion US in market value Thursday after the social media company posted earnings a day earlier that showed slowing growth. The company was down by even more overnight after the company posted quarterly results late Wednesday showing the company’s growth was grinding to a halt in Europe and North…

  • China factory growth slows in June as trade tensions rise

    China factory growth slows in June as trade tensions rise

    [ad_1] BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world’s second-biggest economy. FILE PHOTO: A labourer works inside an electronics factory in Qingdao, Shandong province, China January 29,…

  • If the economy slows down, own FANG

    If the economy slows down, own FANG

    [ad_1] The entire entertainment sector is readjusting after AT&T got legal clearance to buy Time Warner and Comcast topped Disney’s bid for a key portion of Twenty-First Century Fox’s assets, CNBC’s Jim Cramer said Thursday. “The industry finally got a two-part catalyst: a federal judge who wants old media to have the firepower to compete…

  • Pound USD: Exchange rate declines as production slows and trade deficit grows | City & Business | Finance

    Pound USD: Exchange rate declines as production slows and trade deficit grows | City & Business | Finance

    [ad_1] UK manufacturing, industrial and construction output readings have disappointed today, along with news of a surprise expansion of April’s trade deficit. April was a particularly bad month for the UK economy, with manufacturing production falling to its lowest level since October 2012. Adding to the disappointment, year-on-year construction output fell by -3.3 per cent…

  • Pace of new housing construction slows in May, as multi-unit projects slide

    Pace of new housing construction slows in May, as multi-unit projects slide

    [ad_1] The pace of new housing construction in Canada slowed in May amid a double-digit decline in multi-unit projects in urban areas after several months of above-average activity, Canada Mortgage and Housing Corp. said Friday. The federal agency’s seasonally adjusted rate of housing starts for all of Canada — which is an approximation of how…

  • Manufacturing slows despite spark in May | City & Business | Finance

    Manufacturing slows despite spark in May | City & Business | Finance

    [ad_1] It increased for the first time in six months in May as overseas orders helped offset weaker domestic demand. But the rebound from April’s 17-month low was “unconvincing”, according to economists. The IHS Markit/CIPS purchasing managers’ index edged up from 53.9 in April to 54.4 – above 50 indicates growth, but the fastest production…

  • Study finds Uber’s growth slows after year of scandal; Lyft benefits

    Study finds Uber’s growth slows after year of scandal; Lyft benefits

    [ad_1] SAN FRANCISCO (Reuters) – Uber Technologies Inc’s [UBER.UL] growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday. The Uber logo is displayed on a screen during the Women In The…

  • U.S. factory activity slows further, tariff concerns grow

    U.S. factory activity slows further, tariff concerns grow

    [ad_1] WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, with manufacturers complaining about rising commodity prices in the wake of the Trump administration’s tariffs on steel and aluminum imports. FILE PHOTO: Newly constructed houses built by Lennar Corp are pictured in Leucadia, California, U.S., March 18, 2015. REUTERS/Mike Blake/File…

  • U.S. economy slows in first quarter, but wage growth accelerates

    U.S. economy slows in first quarter, but wage growth accelerates

    [ad_1] WASHINGTON (Reuters) – The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but a surge in wages amid tightening labor market conditions and lower tax rates suggested the setback is likely temporary. Job seekers apply for the 300 available positions at a new…

  • U.S. banks push mortgage apps as home lending slows

    U.S. banks push mortgage apps as home lending slows

    [ad_1] NEW YORK (Reuters) – Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Lenders have…

  • China slows review of chip company mergers amid trade tensions: WSJ

    China slows review of chip company mergers amid trade tensions: WSJ

    [ad_1] (Reuters) – Two multi-billion dollar takeovers of semiconductor makers are being stalled by Chinese regulatory reviews amid rising U.S.-China trade tensions, the Wall Street Journal reported on Saturday, citing people familiar with the matter. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake/File…

  • U.S. fourth-quarter growth slows to 2.9 percent; consumer spending surges

    U.S. fourth-quarter growth slows to 2.9 percent; consumer spending surges

    [ad_1] WASHINGTON (Reuters) – U.S. economic growth slowed less than previously estimated in the fourth quarter as the biggest gain in consumer spending in three years partially offset the drag from a jump in imports. A shopper is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. REUTERS/Brendan…

  • U.S. economy creates 313,000 jobs in February; wage growth slows

    U.S. economy creates 313,000 jobs in February; wage growth slows

    [ad_1] WASHINGTON (Reuters) – The U.S. economy added the biggest number of jobs in more than 1-1/2 years in February, but a slowdown in wage growth pointed to only a gradual increase in inflation this year. Nonfarm payrolls jumped by 313,000 jobs last month, boosted by the largest rise in construction jobs since 2007, the…

  • Walmart profit drops, online sales growth slows in holiday quarter

    Walmart profit drops, online sales growth slows in holiday quarter

    [ad_1] NEW YORK (Reuters) – U.S. retailer Walmart Inc (WMT.N) on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares tumbling more than 9 percent. Even as comparable sales in the U.S. market rose for the 14th consecutive quarter, Walmart’s online…

  • Wall Street see-saws as momentum slows after five-day rally

    Wall Street see-saws as momentum slows after five-day rally

    [ad_1] (Reuters) – U.S. stocks swung between losses and gains on Friday as lower U.S. crude oil prices and disappointing earnings reports from Kraft Heinz and other consumer companies sapped some of the momentum built in the past five sessions. Still, even at current levels, Wall Street’s three major indexes are set for a strong…