WARSAW, Poland (AP) — Poland's central bank lowered its key interest rate by 75 basis points on Wednesday despite the country's double-digit inflation rate. The move prompted concerns by economists that the central bank was providing an economic stimulus to help the governing party ahead of parliamentary elections…Read more...
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Roku to cut about 10% of its workforce as it ups quarterly sales expectations and shares soar, again
Roku to cut about 10% of its workforce as it ups quarterly sales expectations and shares soar, again
Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses. Read more...
NEW YORK (AP) — Stocks are opening lower on Wall Street, continuing a weak stretch on this holiday-shortened week. The S&P 500 slipped 0.4% in the early going Wednesday. The Dow fell 131 points, or 0.4%, and the Nasdaq composite gave back 0.4%. Crude oil prices were stable and Treasury yields were little changed...