(Reuters) – First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its acquisition of failed lender Silicon Valley Bank in March. The windfall helpe[...]
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May 10, 2023
Roblox tops quarterly bookings estimates on higher gaming demand
By Tiyashi Datta and Yamini Kalia (Reuters) -Roblox Corp on Wednesday topped quarterly bookings estimates on Wednesday, as a wider audience swarmed to the platform for games such as “Adopt Me![...]
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Volkswagen defends China record at turbulent shareholder meeting
By Victoria Waldersee and Jan Schwartz BERLIN (Reuters) -Volkswagen defended its record in China and its decision to jointly own a plant in the Xinjiang region after activists and investors lashed out[...]
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Trulieve Cannabis misses revenue estimates on weak demand
By Ankit Kumar and Mrinalika Roy (Reuters) -Trulieve Cannabis Corp posted a bigger-than-expected fall in first-quarter revenue on Wednesday, as demand for pot and related products weakened amid rising[...]
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Airbnb tumbles as forecast hints at easing U.S. travel demand
(Reuters) -Airbnb’s shares slid 12% on Wednesday after the top vacation rental firm issued a gloomy second-quarter forecast and signaled that the high cost of travel may be finally catching up t[...]
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Rivian results boost shares out of EV startup gloom
By Akash Sriram (Reuters) – Shares of Rivian Automotive Inc rose 11% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that sti[...]
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Traders bet on end to Fed rate hikes after April inflation data
(Reuters) -An April inflation reading on Wednesday that was more benign than expected disrupted the modest momentum that had been building for an 11th straight U.S. interest rate hike in June. Futures[...]
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Private-credit firms see opportunity as banks tighten lending
By Lisa Pauline Mattackal (Reuters) – Private-credit firms are eyeing fresh opportunities from a potential borrowing squeeze in the United States as battered regional banks tighten lending after[...]
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Toyota targets 10% profit jump, robust EV sales as chip woes recede
By Daniel Leussink TOKYO (Reuters) -Toyota Motor Corp on Wednesday said it expects operating profit to climb 10% this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an e[...]
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