Samsung unveils new foldable smartphones, seeking keep lead in growing market

SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 … Read more

ByteDance relapses to unhealthy tech deal habit

A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Picture taken October 18, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 10 (Reuters Breakingviews) – … Read more

5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

Stephen King going to bat for US gov’t in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The US Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King. “It’s real money for real … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

UK retail sales slip in June as consumers struggle with inflation

Shoppers walk down the street in London, Britain December 18, 2020. REUTERS/Hannah Mckay Register now for FREE unlimited access to Reuters.com Register LONDON, July 22 (Reuters) – British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing shopping less than expected, data showed, though the trend remained weak … Read more

Apple outlines health technology strategy in new report

An Apple Store employee shows the Series 5 Apple Watch during the preview of the redesigned and reimagined Apple Fifth Avenue store in New York, US, September 19, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Apple Inc (AAPL.O) on Wednesday released a report outlining a two-pronged … Read more

Game on for Hasbro as new toys to soften inflation hit

July 19 (Reuters) – Hasbro Inc’s (HAS.O) higher-priced toys powered its quarterly profit jump, defying an inflation-driven demand slump gripping American retail and sending its shares 2% higher on Tuesday. The company is leaning on product launches including new Nerf blasters and expansion packs for its “Magic: The Gathering” role-playing game at a time when … Read more

Putin: West cannot isolate Russia and send it back in time

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, July 18 (Reuters) – Russian President Vladimir Putin said on Monday that it was impossible to cut Russia off from the rest of the world, and that sanctions imposed by Western countries would not turn the clock … Read more

Uniqlo owner’s Q3 results to offer clues on China recovery, Japan inflation

A man wearing a face mask walks past a Uniqlo store, amid the coronavirus disease (COVID-19) outbreak in Petaling Jaya, Malaysia June 12, 2020. REUTERS/ Lim Huey Teng/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, July 13 (Reuters) – Japan’s Fast Retailing , home of Uniqlo, is expected to report quarterly … Read more