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. The U.S. emerged as the top LNG exporter in 2023 as buyers scra...
4h ago
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 products, seeking damages and a permanent inju...
4h ago
Weaker US jobs data brings some relief to Fed
By Howard Schneider and Lindsay Dunsmuir (Reuters) - Federal Reserve officials, buffeted in recent months by concerns the economy might again overheat, got relief on Friday when jobs data for April showed a marked cooling in wage growth and a pace ...
5h ago
Google faces second day of closing arguments in US antitrust trial
By Mike Scarcella WASHINGTON (Reuters) - The U.S. government will lay out its antitrust case against Alphabet's Google on Friday in a second day of closing arguments focused on accusations that the online search leader broke the law to stay on top ...
5h ago
Brazil economists split over size of likely rate cut on May 8: Reuters poll
By Luana Maria Benedito and Gabriel Burin SAO PAULO/BUENOS AIRES (Reuters) - Economists are unusually split over the size of a likely Brazil interest rate reduction on May 8, a Reuters poll found, amid changing views about the future path of U.S. m...
6h ago
Fed's Bowman supports current policy stance but still sees inflation risks
(Reuters) - 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 also reiterating her willingness to raise the p...
7h ago
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 expectations for interest rate cuts that were pre...
8h ago
Exxon Mobil completes $60 billion deal for Pioneer Natural
(Reuters) - Exxon Mobil has closed its $60 billion purchase of Pioneer Natural Resources, the oil and gas producer said on Friday, a day after receiving a go-head from the U.S. Federal Trade Commission (FTC) for the deal. (Reporting by Arunima Kum...
8h ago
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 require more such signals before pivoting from a higher ...
8h ago
US FTC seeks more information on Novo Nordisk parent-Catalent deal
(Reuters) - The U.S. Federal Trade Commission has sought additional information about a $16.5 billion deal by Novo Nordisk's parent to buy manufacturing subcontractor Catalent. The deal was announced in February and Novo Nordisk Foundation has sinc...
8h ago
Cboe posts higher first-quarter profit on robust options trading
(Reuters) -Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong demand for hedging products amid market volatility helped boost the exchange operator's options trading volumes. Geopolitical risks and macroeconomic uncertaint...
9h ago
Apple shares jump as record buyback, sales growth forecast lure investors
By Aditya Soni (Reuters) - Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased...
9h ago
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." Now he fears its business model may be broken. Berkshire Hathaway Energy's PacifiCor...
10h ago
Hong Kong March retail sales down 7%, snapping 15 months of growth
HONG KONG (Reuters) - 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. Sales decreased to HK$31.2 billion ($3.99 bil...
11h ago
US ends probe into Tesla Model X, S over loss of rear-view camera
(Reuters) -The U.S. National Highway Traffic Safety Administration said on Friday it has closed an engineering analysis opened to investigate the loss of rear-view cameras in about 158,716 Tesla's Model X and Model S vehicles. The safety regulator said...
11h ago
Futures rise on Apple, Amgen boost; jobs data on tap
(Reuters) - U.S. stock index futures gained on Friday, lifted by upbeat corporate updates from Apple and Amgen, while traders braced for a key jobs report for a clearer outlook on the labor market and the interest rate path. Apple jumped 5.8%, outp...
11h ago
Amgen shares jump after teasing 'encouraging' weight loss data
(Reuters) - U.S. drugmaker Amgen's shares jumped 13% to $316.26 premarket on Friday as the company teased encouraging data for its experimental obesity drug, igniting investor hopes but leaving Wall Street frustrated over a lack of details. Amgen, ...
11h ago
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 Canada's main metropolitan region, data showed on Thu...
12h ago
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
(Reuters) - Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported. The two companies submitted the non-binding offer letter on Wednesday, signed by S...
12h ago
Analysis-Apple aims to tell an AI story without AI bills
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 grumbling that the iPhone maker has no AI story to t...
12h ago
Norway keeps rates on hold, may extend tight policy
OSLO (Reuters) - Norway's central bank kept its key policy interest rate on hold at 4.50% on Friday, as unanimously expected by analysts, and said a tight monetary policy stance may be needed for somewhat longer than planned in order to curb inflat...
13h ago
German engineering orders deepen decline in March, reports VDMA
BERLIN (Reuters) - 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 of easing, the VDMA association reported on Frid...
13h ago
Turkey inflation up near 70%, highest since 2022
ISTANBUL (Reuters) - Turkish annual consumer price inflation climbed to 69.8% in April, official data showed on Friday, a bit below expectations but the highest since late-2022 on strong rises in education, restaurants and hotels prices. Month-on-m...
14h ago
ECB's Stournaras sees just three rate cuts in 2024 on strong growth
FRANKFURT (Reuters) - 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 Stournaras said in an interview with a Greek medi...
14h ago
Holiday Inn owner IHG reports 2.6% rise in quarterly room revenue
(Reuters) - Holiday Inn owner Intercontinental Hotels Group (IHG) said on Friday its first-quarter room revenue rose 2.6%, helped by performance in Japan, Australia, Europe and the Middle East. (Reporting by Chandini Monnappa and Yadarisa Shabong ...
15h ago