Today: September 28, 2024
Today: September 28, 2024

Latest From Reuters

Business|Economy

Berkshire exec calls wildfire claims against utility 'unfounded'

Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are "unfounded," a top

Berkshire exec calls wildfire claims against utility 'unfounded'
Business|Economy

Buffett talks succession and Berkshire's future at annual meeting

Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the

Buffett talks succession and Berkshire's future at annual meeting
Business|Economy|Entertainment

Warren Buffett says Berkshire sold entire Paramount stake at a loss

Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for

Warren Buffett says Berkshire sold entire Paramount stake at a loss
Business|Economy

Hershey tops first-quarter estimates on higher pricing

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.

Hershey tops first-quarter estimates on higher pricing
Business|Economy

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

Morning bid: Jobs test Fed relief, Apple buyback bump
Economy

Hong Kong March retail sales down 7%, snapping 15 months of growth

Hong Kong's March retail sales fell 7% from a year earlier, partly due to a high base of comparison for visitor spending and the Easter holidays, government data showed on Friday

Hong Kong March retail sales down 7%, snapping 15 months of growth
Business|Economy

Germany's Henkel raises 2024 outlook on strong Q1

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.

Germany's Henkel raises 2024 outlook on strong Q1
Business|Economy

German engineering orders deepen decline in March, reports VDMA

German manufacturers deepened a decline in their order books in March, but economists pointed to a high comparative base of the previous year's period and hinted at potential signs

German engineering orders deepen decline in March, reports VDMA
Business|Economy

LNG producer Cheniere's export volumes fuel core profit beat

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.

LNG producer Cheniere's export volumes fuel core profit beat
Business|Economy

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

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

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

Cboe posts higher profit as market volatility boosts options trading

Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong demand for hedging products amid shifts in market volatility helped

Cboe posts higher profit as market volatility boosts options trading
Business|Economy

US service sector contracts in April; price pressures reaccelerate

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.

US service sector contracts in April; price pressures reaccelerate
Economy

Fed's Bowman supports current policy stance but still sees inflation risks

Inflation should continue to decline even as the U.S. central bank holds its benchmark interest rate steady at current levels, Federal Reserve Governor Michelle Bowman said on Friday while

Fed's Bowman supports current policy stance but still sees inflation risks
Business|Economy

US equity funds witness outflows for fifth week in a row

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

US equity funds witness outflows for fifth week in a row
Business|Economy

Global equity funds attract robust weekly inflows, led by Asia

Global equity funds experienced renewed interest from investors in the seven days through May 1, buoyed by a surge in inflows to Asia amid optimism about an economic recovery in the region

Global equity funds attract robust weekly inflows, led by Asia
Business|Economy

Goldman Sachs settles 2014 class action lawsuit tied to metal trades

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.

Goldman Sachs settles 2014 class action lawsuit tied to metal trades
Business|Economy

Monster Beverage posts higher Q1 revenue on resilient demand, easing costs

Monster Beverage reported a 12% jump in first-quarter revenue on Thursday, helped by steady demand for the energy drink maker's high-priced juices as well as easing freight costs.

Monster Beverage posts higher Q1 revenue on resilient demand, easing costs
Business|Economy

NYSE-parent ICE's revenue misses as muted IPO markets offset record energy trading

Intercontinental Exchange reported first-quarter revenue slightly below estimates on Thursday as an uneven recovery in U.S. initial public offerings cut

NYSE-parent ICE's revenue misses as muted IPO markets offset record energy trading
Business|Economy

Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors

Proxy advisory firm Egan-Jones on Thursday recommended Norfolk Southern shareholders elect all seven of hedge fund Ancora Holdings' proposed director candidates to the railway's 13-member

Third proxy advisory firm urges Norfolk Southern investors to elect Ancora directors
Business|Economy

Yen's wild week has bears wary

A look at the day ahead in European and global markets from Ankur Banerjee: A more dovish-than-expected Federal Reserve meeting and an eye-watering $110 billion share buyback programme from Apple have

Yen's wild week has bears wary
Business|Economy

Australia's Macquarie sees biggest profit dip in 15 years on commodities downturn

Top Australian investment bank Macquarie Group reported its annual profit fell by a third, the sharpest decline in 15 years, as stabilising energy

Australia's Macquarie sees biggest profit dip in 15 years on commodities downturn
Economy

ECB's Stournaras sees just three rate cuts in 2024 on strong growth

The European Central Bank is "most likely" to cut interest rates just three times this year as stronger-than-expected economic growth supports inflation, ECB policymaker Yannis

ECB's Stournaras sees just three rate cuts in 2024 on strong growth
Business|Economy

Take Five: Surfin USA

Central banks in Australia, Britain and Sweden will meet this week, as markets assess how much leeway the U.S. Federal Reserve has to cut rates this year.

Take Five: Surfin USA
Business|Economy

US equity funds see sharp outflows as investors brace for extended high rates

U.S. equity funds suffered sharp outflows in the seven days to April 17 as investors anticipated prolonged restrictive interest rates amid stubborn inflation in a resilient U.S. economy.

US equity funds see sharp outflows as investors brace for extended high rates
Economy

Portugal jobless rate slips to 6.5% in March

Portugal's monthly unemployment rate slipped to 6.5% in March from a revised reading of 6.6% in February, the National Statistics Institute (INE) said in its flash estimate on Thursday.

Portugal jobless rate slips to 6.5% in March

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