By Scott DiSavino NEW YORK (Reuters) -Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings and U.S. data showed crude output was declining while fuel demand was growing[...]
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April 28, 2023
Chevron tops estimates with Q1 profit gain despite slide in oil prices
By Sabrina Valle HOUSTON (Reuters) -Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energ[...]
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US labor costs increase solidly in first quarter
WASHINGTON (Reuters) – U.S. labor costs increased solidly in the first quarter as strong wage gains persisted amid a tight labor market, suggesting inflation could remain elevated for a while. T[...]
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Chinese small-cap stocks surge in meme-like rally
By Chibuike Oguh and Bansari Mayur Kamdar NEW YORK (Reuters) – The U.S.-listed shares of small and micro-cap Chinese firms soared on Friday, reminiscent of meme-like rallies last summer that wer[...]
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Explainer-What next for Microsoft’s $69 billion Activision deal after UK ban?
By Paul Sandle LONDON (Reuters) – Britain’s Competition and Markets Authority (CMA) on Wednesday blocked Microsoft’s $69 billion acquisition of ‘Call of Duty’ maker Activ[...]
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Cuervo tequila maker Becle narrows sales guidance after profit slump
By Isabel Woodford MEXICO CITY (Reuters) -Mexican distiller Becle, the world’s largest tequila producer, narrowed down its forecasts for its 2023 sales growth, an executive said on Thursday, aft[...]
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Factbox: Highlights from US regulators’ reviews of SVB, Signature failures
(Reuters) – The Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on Friday on what went wrong and where their supervisors came up short in the run-up to the two biggest[...]
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Pinterest, Snap tumble 18% as outlooks disappoint investors
By Noel Randewich (Reuters) -Shares of both Pinterest Inc and Snap Inc tumbled about 18% on Friday after the two social media companies’ quarterly reports spooked investors worried about weak di[...]
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U.S. officials lead urgent rescue talks for First Republic -sources
By Nupur Anand, Andrea Shalal and Greg Roumeliotis NEW YORK (Reuters) – U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank[...]
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