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Shares of MongoDB (MDB -7.48%) are down 7.8% as of 1:45 p.m. ET Wednesday despite an impressive quarterly report from the NoSQL database platform provider. For MongoDB’s fiscal third quarter ended Oct. 31, 2023, revenue grew 30% year over year to $432.9 million, translating to adjusted (non-GAAP) net income of $79.1 million, or $0.96 per […]

Job creation throughout the United States is continuing to slow as a new report shows that private payroll additions were not as high as economists had hoped for. The report, released Wednesday by payroll processing company ADP, reveals that the U.S. market added 103,000 jobs in the private sector in November.  While this may sound […]

People have long joked about “women and their shopping.” Despite the stereotype suggesting shopping for personal needs, women’s purchasing for much of history was mostly related to the household. 78% of women identify as the primary shopper of their household, according to an April 2023 consumer study.  However, the times they are are a-changin’, and […]

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Nvidia up on plan to develop new chips compliant with U.S. curbs * Plug Power falls on Morgan Stanley downgrade * Private payrolls rise less than expected in November * Futures up: Dow 0.13%, […]

1. Job openings fall to lowest since 2021 U.S. job openings fell in October to a 2-1/2-year low, adding to evidence that the Federal Reserve’s aggressive interest rate hikes to bring down inflation are having the desired effect of damping the economy. The Labor Department’s Job Openings and Labor Turnover Survey indicated there were 1.34 […]

Here are three of the week’s top pieces of financial insight, gathered from around the web: Roth accounts gain in popularity More employers are now offering access to a Roth 401(k), said Greg Iacurci at CNBC. In 2022, 89.1% of businesses with a 401(k) plan “allowed workers to set aside money in a Roth account,” […]

By Sarah McFarlane (Reuters) – TotalEnergies’s CEO gave his backing to an international pledge to triple renewable energy generation at the COP28 climate summit, calling it necessary to phase out fossil fuels and decarbonise. “It’s the right way to frame the object, tripling renewables, because if we don’t do that, there’s no way to phase […]

The energy sector encompasses a lot of different industries, and every investor should probably have a little exposure somewhere along the line. If you are looking at this broad area as December gets underway, you might want to consider Chevron (CVX -1.39%), Duke Energy (DUK -0.28%), and Brookfield Renewable (BEP -2.55%) (BEPC -2.44%). Here’s a […]

British American Tobacco (BAT) has said it will book a £25 billion impairment charge on some of its US cigarette brands. Shares in the company slumped by as much as 8% in early trading on Wednesday as a result. The Dunhill and Lucky Strike maker linked the charge to “the current macroeconomic headwinds impacting the […]

By Casey Hall SHANGHAI (Reuters) – Prada has ambitions to double its business in China over the medium term, Gianfranco D’Attis, chief executive of the Italian luxury fashion house’s flagship brand, said on Wednesday. “That means increasing our investments,” D’Attis said in a group interview in Shanghai. Prada will have bigger stores, more local products […]