(Reuters) -Shares of Carvana surged nearly 30% in extended trading on Wednesday after the used-car seller forecast a surprise rise in current-quarter retail sales and core profit. Carvana’s resu[...]
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May 1, 2024
Japan’s yen climbs against US dollar amid signs of intervention
By Gertrude Chavez-Dreyfuss, Karen Brettell and Caroline Valetkevitch NEW YORK (Reuters) -The yen soared against the U.S dollar late on Wednesday, as market participants suspected Japan’s moneta[...]
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Morning Bid: Powell sparks stock volatility, yen soars
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asia gets back up toward full speed on Thursday after many markets were closed for the May Day holiday, with the U.S. Fed[...]
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Marathon Oil narrowly beats first quarter profit estimates on higher prices
(Reuters) – Oil and gas firm Marathon Oil narrowly beat first-quarter profit estimates on Wednesday, helped by higher oil and liquefied natural gas (LNG) pricing. Crude oil prices in the quarter[...]
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MetLife Q1 profit rises on higher premiums, investment income
(Reuters) – MetLife reported a rise in first-quarter profit on Wednesday, helped by higher premiums and strong returns from investments. Adjusted premiums, fees and other revenues – exclud[...]
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Bank of Japan’s hawkish whispers drowned out by rowdy yen selloff
By Leika Kihara TOKYO (Reuters) -The Bank of Japan’s decision to keep policy unchanged last week gave yen bears plenty of sell cues, but largely overlooked in the stampede were signals the centr[...]
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Chipmaker Wolfspeed forecasts quarterly revenue below estimates as EV sales growth slows
(Reuters) – Chipmaker Wolfspeed forecast current-quarter revenue below estimates on Wednesday as automakers grapple with high inventory levels due to slower-than-expected EV sales growth. Shares[...]
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Albemarle profit just misses estimates on weak lithium prices
(Reuters) – Albemarle, the world’s largest producer of lithium for electric vehicle batteries, on Wednesday missed first quarter profit estimates on lower prices. Softening Electric Vehicl[...]
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Spirit Aero says it has a new plan to address Boeing 737 MAX parts demand
By Allison Lampert (Reuters) -Spirit AeroSystems said it has developed a plan that gives it “a high degree of confidence” to meet U.S. planemaker Boeing’s rate and quality demands for parts for[...]
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