New York Times misses quarterly revenue estimates

Local

The New York Times building is seen in Manhattan, New York

April 26, 2024

Reuters - Reuters

(Reuters) - New York Times missed expectations for quarterly revenue on Wednesday, hurt by a slowdown in advertising sales and fewer customers signing up for its bundles.

The publisher reported revenue of $676.2 million for the fourth quarter, compared with analysts' estimates of $679.24 million, according to LSEG data.

(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Maju Samuel)

ECB betting on services prices to get inflation back to target, Lane says Foreigners sold South Korean equities last month by most since early 2020 TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline

Asia|Business|Economy|Technology

Japan's Makino Milling requests changes to unsolicited bid from Nidec

Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month.

Asia|Business|Economy|Finance

BOJ chief Ueda signals rate hike chance next week, yen jumps

The Bank of Japan will debate whether to raise interest rates next week, Governor Kazuo Ueda said on Wednesday, reiterating the bank's resolve to

Stock market today: Asian stocks mixed ahead of US inflation data

Asian stocks are mixed after Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts