CMPNY

Visa revenue growth slows more as tough economy sobers spending

Jan 26 (Reuters) – Visa Inc’s (VN) revenue growth continued to wind back to pre-pandemic levels in the first quarter as the post-lockdown travel craze ebbed and consumer spending slowed in a tough economy. The world’s largest payments processor still surpassed Wall Street targets for profit, sending its shares up 1.4% to $227.82 in after-hours …

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Heavy snow causes havoc in Japan as cold snap sweeps through Asia

TOKYO, Jan 25 (Reuters) – Heavy snow blanketed wide swathes of Japan on Wednesday, snarling traffic, forcing hundreds of flight cancellations, disrupting train travel and leaving at least one person dead. An unusually cold weather front and extreme low pressure systems set snow falling and strong winds blowing across Japan from Tuesday after causing havoc …

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Wall St climbs on soft landing hopes, Tesla boost

US economy posts strong Q4 growth Weekly jobless claims fall IBM warns of softening growth in businesses Chevron to bump up share buybacks Indexes up: Nasdaq 1.16%, S&P 0.54%, Dow 0.17% Jan 26 (Reuters) – US stock indexes rose on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped …

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Merck scraps Keytruda trial for prostate cancer after dismal interim data

Jan 25 (Reuters) – Merck & Co Inc (MRK.N) said on Wednesday it was discontinuing a late-stage trial of its blockbuster immunotherapy Keytruda in some prostate cancer patients after interim data showed it was unlikely to meet the study’s main goals. The interim analysis showed the therapy did not extend survival or help extend the …

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Microsoft’s dour outlook raises red flags for tech sector

Jan 25 (Reuters) – Microsoft Corp’s (MSFT.O) lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned its customers were cautious about spending in a turbulent economy. Microsoft, the second most valuable US company, sounded a cautious note in its quarterly earnings report as a steep …

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Amazon deepens healthcare push with $5 monthly subscription

Jan 24 (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it is offering a $5 monthly subscription plan for US Prime members that will cover a range of generic drugs and their doorstep delivery, furthering the ecommerce giant’s push into healthcare . The program, named RxPass, includes more than 50 medications addressing over 80 chronic …

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