(Reuters) – Peloton Interactive Inc on Thursday said that it had identified a defect involving seat posts in its original stationary bike, with 12 reports of injuries, including one wrist fractu[...]
Read more
May 5, 2023
India’s Go First, lessors lock horns as bankruptcy hearings begin
By Arpan Chaturvedi and Siddhi Nayak NEW DELHI (Reuters) – Indian airline Go First’s effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they[...]
Read more
US job growth accelerates despite interest rate hikes
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in April while wage gains increased solidly, pointing to persistent labor market strength that could compel the Federal Reser[...]
Read more
St. Louis Fed’s Bullard says rate increase this week was good ‘next step’
WASHINGTON (Reuters) – The quarter point rate increase approved by the Federal Reserve this week was “a good next step” in the fight against inflation, St. Louis Fed President James[...]
Read more
Apple’s results send shares surging to nine-month high
By Noel Randewich (Reuters) – Apple’s stock surged nearly almost 5% on Friday, hitting a nine-month high and on track for its biggest one-day gain since November after the iPhone maker[...]
Read more
Further improvement seen in weak Q1 U.S. earnings forecast -Refinitiv data
By Caroline Valetkevitch NEW YORK (Reuters) -The estimated decline in first-quarter S&P 500 earnings has improved from last week and is now at just 0.7% year-over-year, Refinitiv data showed on Fr[...]
Read more
US weekly oil & gas rig count falls by the most since February -Baker Hughes
By Scott DiSavino (Reuters) -U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Co said in its closely followed report on Friday. The o[...]
Read more
7-Eleven spin-off would jeopardise growth, CEO says, pushing back at ValueAct
By Ritsuko Shimizu TOKYO (Reuters) – A spin-off of 7-Eleven would jeopardise the convenience store chain’s future growth by cutting it off from its parent’s strength in the food busi[...]
Read more
CNH Industrial raises revenue guidance on robust tractor demand
By Bianca Flowers and Giulio Piovaccari MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial on Friday raised its full-year revenue forecast as operating profit topped ex[...]
Read more