(This May 2 story has been refiled to say Marriott gets a ‘big portion,’ not ‘bulk’ of its revenue from outside the US, in paragraph 6) By Priyamvada C and Doyinsola Oladipo (R[...]
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May 3, 2023
AMD’s lackluster forecast sparks selloff in shares
By Tiyashi Datta (Reuters) -Investors dumped shares of Advanced Micro Devices Inc on Wednesday after its earnings report indicated that it was struggling with a PC slump and had failed to gain market[...]
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Nvidia short sellers lose $5 billion as shares rise more than 90% in 2023
NEW YORK (Reuters) -Nvidia Corp short sellers have lost $5.09 billion so far this year as the stock has jumped more than 90%, according to financial data firm S3 Partners. The stock is the No. 1 losin[...]
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Exclusive-Barrick not interested in bidding for Teck’s copper assets
By Divya Rajagopal TORONTO (Reuters) -Barrick Gold Corp is not interested in bidding for the copper assets of Teck Resources Ltd as there are few synergies between the companies, CEO Mark Bristow said[...]
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Tesla resumes U.S. orders for a Model 3 version at lower price, range
(Reuters) -Tesla Inc has resumed taking orders for its Model 3 long-range vehicle in the United States, the company’s website showed late on Tuesday, after a temporary halt last year due to deli[...]
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33 Democrats urge ban on investor-state dispute provisions in all U.S. trade deals
By David Lawder WASHINGTON (Reuters) – Democratic U.S. lawmakers on Wednesday urged the U.S. Trade Representative and State Department to eliminate investor-state dispute settlement provisions f[...]
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World Bank board elects US nominee Ajay Banga as president
By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effecti[...]
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Factbox-Short sellers rake in $1.2 billion in profits as US regional bank stocks suffer
(Reuters) – Short sellers have pocketed $1.2 billion in paper profits betting against U.S. regional lenders in the first two days of May, analytics firm Ortex said, as the third major regional b[...]
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Pizza Hut-parent Yum Brands profit sliced by promotions
By Deborah Mary Sophia (Reuters) -Yum Brands Inc missed Wall Street estimates for first-quarter profit on Wednesday, as the Taco Bell parent doubled down on promotions to attract inflation-wary consum[...]
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