Category: Share Market News

EBay earnings beat expectations, but forecast underwhelms

EBay Inc. exceeded expectations with its financial results Wednesday but its shares fell 5.3% in after-hours trading after the company’s forecast for the holiday period came up short. The e-commerce company posted third-quarter income from continuing operations of $283 million, or 43 cents a share, down from $605 million, or 86 cents a share, in […]

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‘It’s not looking good’: Paid leave may be on chopping block in Democrats’ social-spending bill

Paid leave, a major part of Democrats’ wide-ranging social-spending bill, may be left on the cutting-room floor as the party’s moderates and progressives try to hammer out an agreement this week. President Joe Biden last week said the proposed program had been cut to four weeks in negotiations, from Democrats’ original idea of giving all […]

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Coronavirus infections at U.S. meat plants far higher than previous estimates -House subcommittee By Reuters

© Reuters. FILE PHOTO: Signs guide the public at a large vaccination and testing site in Inglewood, California, U.S., March 15, 2021. REUTERS/Mike Blake/File Photo By Leah Douglas WASHINGTON (Reuters) -Workers at the leading U.S. meatpacking plants experienced cases and death from COVID-19 that were up to three times previous estimates, according to a report […]

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U.S. companies to keep prices high as supply chain headaches persist By Reuters

© Reuters. FILE PHOTO: The congested Port of Los Angeles is shown in San Pedro, California, U.S., September 29, 2021. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – The largest U.S. manufacturers including General Motors (NYSE:), General Electric (NYSE:), 3M and Boeing (NYSE:) face logistics headaches and higher costs due to global supply bottlenecks that are […]

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