By Echo Wang NEW YORK (Reuters) -Johnson & Johnson on Wednesday priced the initial public offering (IPO) of its consumer-health business Kenvue Inc at the upper end of its target range to raise $3[...]
Read more
May 3, 2023
China’s AI industry barely slowed by US chip export rules
By Stephen Nellis, Josh Ye and Jane Lanhee Lee (Reuters) -U.S. microchip export controls imposed last year to freeze China’s development of supercomputers used to develop nuclear weapons and art[...]
Read more
TikTok to launch ad product that will give premium content creators 50% cut
(Reuters) – TikTok said on Wednesday it is launching a product that well let advertisers place ads alongside content produced by premium publishers, half of the ad revenue from which will be sha[...]
Read more
Etsy tops revenue estimates on demand for personalized products, higher fees
By Granth Vanaik (Reuters) – Etsy Inc on Wednesday beat market expectations for quarterly revenue, benefiting from demand for products such as personalized gifts offered on its e-commerce platfo[...]
Read more
Marketmind: Fed eyes pause, market bets on pivot
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed on Wednesday delivered what markets are convinced will be the last rate hike of the cycle, bon[...]
Read more
Corteva raises sales outlook after topping quarterly profit estimates
(Reuters) -Agricultural chemical and seed company Corteva Inc on Wednesday raised its full-year forecast after it beat quarterly profit estimates aided by higher prices and strong demand for seeds, se[...]
Read more
Ford CEO calls electric vehicle market price cuts ‘a worrying trend’
By David Shepardson and Joseph White WASHINGTON (Reuters) -Ford CEO Jim Farley said on Wednesday that price cuts in the electric vehicle market were “a worrying trend” after the U.S. autom[...]
Read more
Equities choppy while Treasury yields, dollar retreat in choppy trading after Fed hikes rates
(Corrects firm name to RBC Wealth Management from RBC Portfolio Advisory Group in paragraph 5) By Sinéad Carew NEW YORK (Reuters) – MSCI’s gauge of stock markets around the world was advan[...]
Read more
Albemarle cuts annual profit forecast on softening lithium prices
By Ernest Scheyder (Reuters) -Lithium producer Albemarle Corp cut its annual profit forecast on Wednesday despite posting a better-than-expected quarterly earnings, citing softening prices for the met[...]
Read more