Today: May 04, 2024
Today: May 04, 2024

Business

SocGen's weak prospects in French retail hits shares

By Mathieu Rosemain PARIS (Reuters) -Societe Generale shares fell more than 5% on Friday after the bank's CFO flagged that net interest income in 2024 from the group's French retail business would be

Hershey tops first-quarter estimates on higher pricing

(Reuters) - Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy.

Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data

(Reuters) - Shares in Danish drugmaker Novo Nordisk dropped as much as 5.3% on Friday, set for their biggest one-day fall since August 2022, after rival Amgen said it was encouraged by interim trial

North Macedonia voters express frustration ahead of elections

By Aleksandar Vasovic and Fatos Bytyci TETOVO, North Macedonia (Reuters) - Ekrem Ramadani used to work in the once flourishing textile industry in the town of Tetovo in North Macedonia.

Major central banks linger in uneasy calm in April

By Karin Strohecker and Sumanta Sen LONDON (Reuters) - Interest rates at major central banks remained static in April as the prospect of higher-for-longer U.S.

Morning bid: Jobs test Fed relief, Apple buyback bump

A look at the day ahead in U.S. and global markets from Mike Dolan The strength of the U.S. labor market will give Wall Street's interest rate relief a reality check on Friday, but Apple's monster

Toronto home sales fall for third month in April; prices rise

OTTAWA (Reuters) - Greater Toronto area home sales fell in April for a third straight month and prices crept up, as over two-decade high interest rates kept the lid on housing market recovery in

Germany's Henkel raises 2024 outlook on strong Q1

BERLIN (Reuters) -German consumer goods company Henkel slightly raised its guidance for 2024 on Friday, saying strong performance in the first quarter had boosted its sales and earnings outlook.

Brazil rains cloud national soy outlook as big farm state submerges

By Ana Mano and Roberto Samora SAO PAULO (Reuters) -The outlook for the soybean harvest in Rio Grande do Sul, which was on track to become the second largest producer in Brazil behind Mato Grosso

LNG producer Cheniere's export volumes fuel core profit beat

(Reuters) -Top U.S. liquefied natural gas producer Cheniere Energy beat adjusted core profit estimates on Friday, as higher-than-expected export volumes countered lower natural gas prices.

Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark

By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) - Elon Musk's carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name "Tesla Power" to promote its

Analysis-Apple has big AI ambitions - at a lower cost than its rivals

By Stephen Nellis (Reuters) -For most of the past year and a half, Apple Chief Executive Tim Cook has fielded questions from Wall Street analysts about his plans for artificial intelligence amid

Alaska Air says Boeing issued $61 million in credit memos to address grounding hit

(Reuters) - Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on

US service sector contracts in April; price pressures reaccelerate

(Reuters) - The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation.

EV startup Rivian hires Volvo veteran Varela as operations chief

(Reuters) - Rivian Automotive named Javier Varela its chief operating officer on Friday, bolstering its ranks with the Volvo veteran as the electric-vehicle startup expands its production facility

April US jobs report shows looser labor market, good news for Fed

(Reuters) -U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely

US equity funds witness outflows for fifth week in a row

(Reuters) - U.S. investors were net sellers of equity funds for a fifth successive week in the seven days to May 1, exercising caution ahead of the Federal Reserve's policy decision and scaling back

Goldman Sachs settles 2014 class action lawsuit tied to metal trades

(Reuters) - Goldman Sachs said on Friday it had reached an in-principle settlement to resolve a 2014 class action lawsuit related to trading in platinum and palladium.

Exclusive-Southwest pilots face reduced hours, pay due to Boeing delivery delays

By Rajesh Kumar Singh CHICAGO (Reuters) - Southwest Airlines plans to offer its pilots reduced hours and, in effect, monthly pay, two people familiar with the matter said, as it grapples with higher

Analysis-Warren Buffett's PacifiCorp utility singed by wildfires

By Jonathan Stempel OMAHA, Nebraska (Reuters) - Two years ago, Warren Buffett branded Berkshire Hathaway's energy business one of his conglomerate's four "giants."

US stands to lose Canadian natural gas when LNG Canada terminal starts up

By Rod Nickel and Scott DiSavino The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce

Canada services PMI climbs to 10-month high in April

By Fergal Smith (Reuters) - Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures

Apple shares jump as record buyback and upbeat forecast lure investors

By Aditya Soni (Reuters) -Apple shares jumped 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns

US small caps struggle as elevated interest rates take a toll

By David Randall NEW YORK (Reuters) - The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further clouding the outlook for shares of smaller U.S. companies,

China's Zeekr seeks up to $5.13 billion valuation in US IPO

(Reuters) -Electric vehicle maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to $5.13 billion in its U.S. initial public offering (IPO), the first major

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