By Mehnaz Yasmin (Reuters) -Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by consumers despite rising borrowing costs and persis[...]
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May 1, 2024
Cruise operator Norwegian’s Q1 revenue miss overshadows raised outlook
By Granth Vanaik (Reuters) -Shares of Norwegian Cruise Line Holdings fell more than 12% after the operator’s downbeat first-quarter revenue overshadowed a raise in annual profit forecast on Wedn[...]
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Embraer counters report of new jet, says no major capex plan
By Abhijith Ganapavaram, Shivansh Tiwary and Tim Hepher (Reuters) -Brazilian planemaker Embraer on Wednesday played down a report that it is studying a new jet to compete directly with Boeing and Airb[...]
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US construction spending falls in March
WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but activity remains supported by an acute housing s[...]
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Estee Lauder tempers sales view despite US, China recovery
By Ananya Mariam Rajesh (Reuters) -Estee Lauder lowered its annual organic sales estimate on persistent softness in mainland China’s prestige beauty space, even as a demand rebound for its price[...]
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Marriott boosts full-year profit view after mixed Q1 results
By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Hotel operator Marriott International raised its forecast for annual adjusted profit on Wednesday after mixed first-quarter results, banking on inter[...]
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Kraft Heinz misses sales estimates as higher prices deter customers
Kraft Heinz missed Wall Street estimates for first-quarter sales on Wednesday, signaling inflation-weary consumers were pushing back against its higher-priced branded lunch combos, mac and cheese, and[...]
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US job openings fall to three-year low in March
WASHINGTON (Reuters) – U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, signs of easing labor market conditions that over time could[...]
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DuPont sees China demand returning, raises full-year forecasts
By Seher Dareen (Reuters) -Industrial materials maker DuPont de Nemours said it sees demand returning in China and raised its full-year forecasts on Wednesday, sending shares of the company up 6% in m[...]
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