Business

FRANKFURT, Germany (AP) — The German government said Europe’s largest economy was in “troubled waters” and slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects — while a relatively modest set of tax breaks for business remains blocked in the legislature. The …

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Palo Alto Networks Inc., down $104.12 to $261.97. The security software maker cut its billings forecast for the year. Keysight Technologies Inc., down $10.39 to $144.04. The electronic measurement technology company’s profit forecast fell short of analysts’ expectations. Vertiv Holdings Co., down $3.47 to $58.55. …

NEW YORK (AP) — Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won’t break the habit. Capital One Financial announced Monday that it would buy Discover Financial Services for $35 billion. The combination could potentially shake up the payments industry, …

Amazon is arguing in a legal filing that the 88-year-old National Labor Relations Board is unconstitutional, echoing similar arguments made this year by Elon Musk’s SpaceX and the grocery store chain Trader Joe’s in disputes about workers’ rights and organizing. The Amazon filing, made Thursday, came in response to a case before an administrative law judge overseeing a complaint from …

SAN FRANCISCO (AP) — DoorDash’s revenues and orders exceeded expectations for the fourth quarter, although its net losses failed to shrink as quickly as Wall Street had hoped. The San Francisco delivery company said Thursday that its revenues rose 27% to $2.3 billion in the October-December period, slightly exceeding the $2.25 billion analysts had projected. Total orders rose 23% to …

PARIS (AP) — Airbus plans to deliver more aircraft to customers in 2024 even as supply chain headaches continue to afflict the European airplane maker. The company reported healthy results for its commercial aircraft business Thursday in its latest annual earnings report, and signaled that there was more to come this year by setting a target of 800 commercial aircraft …

Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy. Lyft’s fourth-quarter report initially forecast that an important profit metric was expected to climb by 500 basis points, or 5%, in 2024. However, …

BANGKOK (AP) — Shares rose in Asia on Thursday after Wall Street stocks recovered much of their sharp losses from a day before. Oil prices declined. Benchmarks rose in most major markets apart from Seoul, while mainland Chinese markets remained closed for the Lunar New Year holiday. Japan reported its economy contracted at an annual rate of 0.4% in the …

NEW YORK (AP) — How much choice is too much? Apparently for Coca-Cola, it’s about 400 different types of drinks. That’s why the beverage company recently decided to discontinue half of them, shedding brands like Tab, Zico coconut water, Diet Coke Feisty Cherry and Odwalla juices but still leaving about 200 others to choose from. It’s a move that other …

La cantidad de estadounidenses que solicitaron prestaciones por desempleo se redujo la semana pasada, a pesar de los recientes anuncios de despidos por parte de empresas de alto perfil. Las solicitudes de prestaciones por desempleo se redujeron en 9.000, alcanzando las 218.000 en la semana que terminó el 3 de febrero, informó el jueves el Departamento del Trabajo. El promedio …