By Yuvraj Malik (Reuters) -EBay Inc on Wednesday forecast current-quarter revenue above Wall Street projections after beating March-quarter earnings estimates, as it benefits from its strategy of focu[...]
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April 26, 2023
Elon Musk talks AI, Tesla with Democratic leader Schumer
By David Shepardson WASHINGTON (Reuters) -Elon Musk, the billionaire CEO of electric vehicle maker Tesla and social media platform Twitter, discussed artificial intelligence issues and electric vehicl[...]
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US shale producer Pioneer’s founder and CEO Sheffield to retire
By Liz Hampton (Reuters) -Scott Sheffield, who built U.S. oil producer Pioneer Natural Resources into the largest producer in Texas, will retire at the end of the year, the company said on Wednesday.[...]
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Walmart in Mexico sees net profit rise in first quarter, yet trails competitors
MEXICO CITY (Reuters) -Walmart’s Mexico unit on Wednesday posted a 3.7% rise in first quarter net profit as same-store sales rose in all markets, but it flagged inflation concerns after falling[...]
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Nasdaq outperforms as investors cheer Microsoft, Dow transports sink
By Sinéad Carew, Ankika Biswas and Sruthi Shankar (Reuters) – The tech-heavy Nasdaq closed slightly higher on Wednesday after strong Microsoft Corp results boosted technology shares, but the S[...]
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Brazilian miner Vale’s profit slumps well below forecasts
SAO PAULO (Reuters) -Brazil’s Vale, one of the world’s largest miners, reported a first quarter net profit down 59% from a year earlier, far below analyst expectations, as profits were dra[...]
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BlackRock adds Treasuries as debt ceiling jitters intensify
By Davide Barbuscia CHICAGO (Reuters) – BlackRock has been buying U.S. Treasuries in anticipation of an economic slowdown and a protracted fight between the U.S. government and Congress around t[...]
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Apple, Android rivals see first-quarter drop in China phone shipments – research firm
SHANGHAI (Reuters) – Apple Inc and its Android rivals saw sales slide in the first quarter in China, research firm Canalys reported on Thursday, as consumers continued to tighten their belts fol[...]
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Disney sues Florida’s DeSantis for ‘weaponizing’ government
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to control Disney World and intensi[...]
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