Snap Reports User Growth But a Wider Loss in the Second Quarter

Snap, the maker of Snapchat, on Thursday reported its slowest-ever rate of quarterly growth and a wider financial loss, while declining to predict its future performance because of “uncertainties related…

Strong Wage and Jobs Growth Keeps Fed on Track for Big Rate Increase

A surprisingly robust June employment report reinforced that America’s labor market remains historically strong even as recession warnings reach a fever pitch. But that development, while good news for the…

June Jobs Report Shows Strong Growth: Latest News

The economy added 372,000 jobs in June, a hotter-than-expected boost to the labor market that may ease worries of an impending recession, but that also complicates the job of the…

Global entertainment & media revenues surge to $2.3 trillion; virtual reality sees 36% growth as gaming and esports are on pace to become a $324 billion business: PwC

NEW YORK, June 22, 2022 /PRNewswire/ — The global entertainment & media (E&M) industry surged ahead last year, strongly outpacing overall global economic growth.  Following a pandemic-related 2.3% decline in…

Uber Reports Growth, But Loses $5.6 Billion From Investments

Uber, which had already been spending heavily to lure back drivers who left early in the pandemic, responded in March by charging riders a small fuel fee for each trip,…

Vegetarian and meat-eating children have similar growth and nutrition but not weight, study finds

“Over the last 20 years we have seen growing popularity of plant-based diets and a changing food environment with more access to plant-based alternatives, however we have not seen the…

Twitter Reports Revenue Growth as Elon Musk Prepares to Take Over

SAN FRANCISCO — Days before Elon Musk struck a deal to buy Twitter for $44 billion, he said he did not “care about the economics” of the company. As the…

Biden Administration Plays Down Growth Decline in G.D.P. Report

The White House dismissed a slump in first-quarter growth that was driven by a quirk in inventories and a jump in imports, emphasizing that Thursday’s report on gross domestic product…

Fast Price and Wage Growth Keeps Fed on Track for Big Interest Rate Increase

Rising prices, fallout from the war in Ukraine and continuing supply chain chokeholds slowed growth around the world in the first months of the year and hobbled efforts by major…

IMF Warns Ukraine-Russia War Will Likely Slow Global Growth

The war in Ukraine and the associated sanctions that countries around the world have imposed on Russia are likely to cause a downgrade of the International Monetary Fund’s global economic…