Snap says economy deteriorated fast, slashes forecast, stock plummets

(Reuters) -Snap Inc said the economy had worsened faster than expected in the last month and the social media company slashed its quarterly forecast, triggering an after-hours sell-off.Snapchat app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/IllustrationSince late April, “the macroeconomic environment has deteriorated further and faster than anticipated. […]

Improving Investor Behavior: Correcting the word “correction”

The markets are off to a rough start for 2022, with the S&P 500 down about 13.9% from its peak in January, according to data from LPL Financial. Global turmoil, inflation, supply-chain disruption, and the Federal Reserve are all supposedly to blame. The media pundits call moments like these a “correction,” which is typically defined […]

Matthew Hooton: Act spices up bland political diet

OPINION: While Labour is happy with its helper to its left, National is increasingly irritated by the one to its right. The Greens and Act have always been more activists than political parties. MMP has forced Labour and National to be ever-more blah, so the best they dare offer ordinary voters is John Key’s “brighter […]

Shares drop as stubborn U.S. inflation stokes worries on rates, economy

SINGAPORE (Reuters) – Stocks fell and the dollar held firm on Thursday as data showed U.S. inflation persistently high, and investors worried about the economic toll of aggressive interest rate hikes to tame it.FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 1, 2020. […]

Matthew Hooton: Jacinda Ardern faces the great unravelling

OPINION: If Labour wins a third term, current polls suggest it would rely for every measure on the agreement of the Greens and Te Pāti Māori (TPM). That Government would be a disaster. From her Christchurch and Covid peaks, Prime Minister Jacinda Ardern has already become highly polarising. Jacindamaniacs still do daily battle on social […]

Major aircraft lessor SMBC warns airlines of growing costs

DUBLIN (Reuters) -Airlines face a slew of growing costs in the coming year including higher insurance, fuel, labour and lease rates, the chief executive of major aircraft lessor SMBC Aviation Capital said on Thursday.FILE PHOTO: A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los […]