Business

Roblox reveals bookings surge in first post-debut report

Roblox Corp (RBLX.N) on Monday trounced quarterly bookings estimates in its first earnings report since a blockbuster debut as the U.S. gaming company benefited from a surge in spending by kids stuck at home due to the pandemic. Shares were last up 5% in choppy extended trading, set to add to the 42% gains following […]

Business

U.S. pump prices head for highest since 2014 as hacked fuel pipeline shut

U.S. gasoline prices at the pump jumped 6 cents in the latest week, according to the American Automobile Association (AAA), and could soon be headed for the highest level since 2014 due to a cyber attack that shut down the country’s biggest fuel pipeline system. Average U.S. pump prices increased 6 cents per gallon in […]

Business

Amazon raises $1 billion sustainable bond for climate, social causes

Amazon.com Inc (AMZN.O) issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing. The world’s biggest company joins a growing list of debt issuers tapping the market for green and sustainable bonds, which is swelling as asset managers come under pressure from their […]

Business

Pipeline hackers say their aim is cash, not chaos

The ransomware gang accused of crippling the leading U.S. fuel pipeline operator said on Monday that it never meant to create havoc, an unusual statement that experts saw as a sign the cybercriminals’ scheme had gone awry. The FBI accused the group that calls itself DarkSide of a digital extortion attempt that prompted Colonial Pipeline […]

Business

Simon Property beats profit estimates as Americans return to malls

Simon Property Group Inc (SPG.N) reported better-than-expected quarterly results on Monday, as the largest U.S. mall operator benefited from the return of pandemic-weary shoppers to brick-and-mortar stores. The rollout of COVID-19 vaccines, easing restrictions and new rounds of government stimulus have boosted mall traffic, helping Simon rebound from a coronavirus-driven downturn in 2020 when many […]

Business

U.S. unions lodge first Mexico labor grievance under new NAFTA

U.S. unions on Monday filed the first labor rights petition against Mexico under a new regional trade pact, vying to bring a complaint against an auto parts company on the border that they say has denied workers the right to independent representation. The petition – filed by the biggest U.S. labor federation, the American Federation […]

Business

Occidental Petroleum loss narrows as chemicals, oil exports gain

Occidental Petroleum Corp (OXY.N) on Monday surpassed Wall Street expectations by reporting a smaller first-quarter loss than a year ago, boosted by earnings from chemicals and oil exports. The company benefited from a rebound in oil prices , , up about 23% during the first quarter, as fuel demand recovered after being decimated last year […]