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The logo of Swiss elevator maker Schindler is seen during the annual news conference in Zurich, Switzerland February 14, 2020.

Schindler Profit Lower But Beats Estimate

Swiss elevator and escalator maker Schindler on Friday reported a drop in first-quarter net profit but beat the consensus forecast despite supply chain woes, cost inflation, coronavirus lockdowns and market contraction in China.
Japanese 1000-yen banknotes and Chinese 100-yuan banknotes are seen in a picture illustration, in Beijing, China, January 21, 2016.

U.S. Dollar Hits More Than 2-year High On Aggressive Fed Hike Outlook

The dollar surged to a more than two-year high on Friday, continuing to draw support from Federal Reserve Chair Jerome Powell's comments on Thursday that seemed to back a half a percentage point tightening at next month's policy meeting, as well as his remarks on a likely consecutive rate hikes this year.
SpaceX Starlink 5 satellites are pictured in the sky seen from Svendborg on South Funen, Denmark April 21, 2020. Ritzau Scanpix/Mads Claus Rasmussen via REUTERS

SpaceX's Starlink Inks First In-flight WiFi Deal

SpaceX signed its first deal with an air carrier to provide in-flight wireless internet using the Starlink satellite network, the space company said on Thursday as it jockeys with other burgeoning satellite firms to put high-speed internet on commercial airlines.
The Snapchat app is seen on a smartphone in this illustration taken July 13, 2021.

Snap Warns Inflation Could Hit Growth, Shares Drop 10%

Snap Inc reported better-than-expected first-quarter user growth on Thursday while it missed expectations on revenue, as the parent company of Snapchat said supply-chain disruptions and the invasion of Ukraine hurt advertising demand.

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