Peloton beat Wall Street’s revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.
China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
UPS posted revenue below analyst’s estimates as it continues to navigate volume declines as demand cools.
Microsoft saw slower Azure growth and device execution challenges in a quarter where it took a $1.2 billion charge, mainly for cutting 10,000 jobs.
China’s decision to welcome tourists again as well as to make it easier for those in the country to travel abroad has been one of the most discussed topics at the World Economic Forum.
IMF Managing Director Kristalina Georgieva told CNBC Tuesday that the days of her institution giving global growth downgrades are over.
Crypto.com cut head count by 20%, another blow to an industry and company that grew explosively in the crypto boom but was unable to weather FTX’s collapse.
A Reuters poll of economists had forecast a 0.2% contraction amid a bleak overall picture for the British economy.
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