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

Latest From Reuters

Business|Economy

Aussie lender NAB reports lower profit but hints bank margin squeeze is easing

National Australia Bank posted a double-digit drop in first-half earnings on Thursday but talked up the strength of the economy and said a margin-

Aussie lender NAB reports lower profit but hints bank margin squeeze is easing
Business|Economy

Carvana shares soar on upbeat forecast for core profit, retail sales

Shares of Carvana surged nearly 30% in extended trading on Wednesday after the used-car seller forecast a surprise rise in current-quarter retail sales and core profit.

Carvana shares soar on upbeat forecast for core profit, retail sales
Economy

Dollar/yen nosesdives again as market watches for BOJ intervention

The dollar tumbled against the yen late Wednesday afternoon, recoiling further from 34-year highs two days after traders said Japanese authorities were buying yen to support their currency

Dollar/yen nosesdives again as market watches for BOJ intervention
Business|Economy

Marathon Oil narrowly beats first quarter profit estimates on higher prices

Oil and gas firm Marathon Oil narrowly beat first-quarter profit estimates on Wednesday, helped by higher oil and liquefied natural gas (LNG) pricing.

Marathon Oil narrowly beats first quarter profit estimates on higher prices
Business|Economy

MetLife Q1 profit rises on higher premiums, investment income

MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments.

MetLife Q1 profit rises on higher premiums, investment income
Business|Economy

Albemarle profit just misses estimates on weak lithium prices

Albemarle, the world's largest producer of lithium for electric vehicle batteries, on Wednesday missed first quarter profit estimates on lower prices.

Albemarle profit just misses estimates on weak lithium prices
Business|Economy

Devon Energy beats Q1 profit estimate on higher production

U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production from Delaware basin helped it offset a decline in natural gas prices.

Devon Energy beats Q1 profit estimate on higher production
Business|Economy|Environment

First Solar posts higher quarterly profit on strong demand

First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy.

First Solar posts higher quarterly profit on strong demand
Business|Economy

US regulators discuss finalizing bank capital rules as soon as August, Bloomberg News reports

The Federal Reserve and other top U.S. regulators are forging ahead with their plan to make big banks hold more capital, Bloomberg News reported on Wednesday.

US regulators discuss finalizing bank capital rules as soon as August, Bloomberg News reports
Business|Economy

Bank of Canada closer to being able to cut rates, Macklem says

The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday.

Bank of Canada closer to being able to cut rates, Macklem says
Business|Economy

Etsy misses first-quarter sales, profit estimates on lower discretionary demand

Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its

Etsy misses first-quarter sales, profit estimates on lower discretionary demand
Business|Economy

FOMC holds rates in place and will slow balance sheet drawdown

The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier

FOMC holds rates in place and will slow balance sheet drawdown
Business|Economy

Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, the Wall

Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports
Business|Economy

AIG beats profit estimates on underwriting strength

American International Group exceeded first-quarter profit expectations on Wednesday, driven by growth in its general insurance as well as life and retirement divisions, and lower

AIG beats profit estimates on underwriting strength
Business|Economy

US LNG developer Tellurian sends production workers home amid sale talks

U.S. liquefied natural gas (LNG) developer Tellurian Inc. has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the

US LNG developer Tellurian sends production workers home amid sale talks
Business|Economy

UK house prices fall unexpectedly in April, Nationwide data shows

British house prices fell unexpectedly for a second month running during April, figures from mortgage lender Nationwide showed on Wednesday.

UK house prices fall unexpectedly in April, Nationwide data shows
Business|Economy

Bombardier reveals NetJets as buyer of 12 Challenger business jets

Canada's Bombardier said on Wednesday NetJets was the customer for the order of 12 Challenger 3500 business jets announced in December.

Bombardier reveals NetJets as buyer of 12 Challenger business jets
Business|Economy

Mastercard's profit beats as consumer spending defies inflation worries

Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by consumers despite rising borrowing costs and

Mastercard's profit beats as consumer spending defies inflation worries
Business|Economy

Cruise operator Norwegian's Q1 revenue miss overshadows raised outlook

Shares of Norwegian Cruise Line Holdings fell more than 12% after the operator's downbeat first-quarter revenue overshadowed a raise in annual profit forecast on Wednesday.

Cruise operator Norwegian's Q1 revenue miss overshadows raised outlook
Business|Economy

US construction spending falls in March

U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but activity remains supported by an acute housing

US construction spending falls in March
Business|Economy

Estee Lauder tempers sales view despite US, China recovery

Estee Lauder lowered its annual organic sales estimate on persistent softness in mainland China's prestige beauty space, even as a demand rebound for its pricey

Estee Lauder tempers sales view despite US, China recovery
Business|Economy

Marriott boosts full-year profit view after mixed Q1 results

Hotel operator Marriott International raised its forecast for annual adjusted profit on Wednesday after mixed first-quarter results, banking on

Marriott boosts full-year profit view after mixed Q1 results
Business|Economy

Kraft Heinz misses sales estimates as higher prices deter customers

Kraft Heinz missed Wall Street estimates for first-quarter sales on Wednesday, signaling inflation-weary consumers were pushing back against its higher-priced branded lunch combos, mac and cheese, and

Kraft Heinz misses sales estimates as higher prices deter customers
Business|Economy

DuPont sees China demand returning, raises full-year forecasts

Industrial materials maker DuPont de Nemours said it sees demand returning in China and raised its full-year forecasts on Wednesday, sending shares of the company up 6% in

DuPont sees China demand returning, raises full-year forecasts
Business|Economy

Aircraft lessor DAE set to receive half promised Boeing planes this year

Aircraft lessor Dubai Aerospace Enterprise (DAE) Capital will likely receive around half the number of aircraft from Boeing this year than the planemaker had originally committed to

Aircraft lessor DAE set to receive half promised Boeing planes this year

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