Business
Intel falls as weak PC chip demand hurts second-quarter forecast
(Reuters) - Intel shares slumped more than 7% premarket on Friday after a downbeat second-quarter sales forecast signaled that the boom in AI technology was diverting enterprise spending away from its traditional data center and PC chips. The ...
Russian central bank holds rates at 16%, raises inflation forecast
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) - Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may ...
Aon first-quarter profit grows on gains from investments, funds
(Reuters) - Aon reported a rise in first-quarter profit on Friday, powered by increases in interest earned from investments as well as funds held in a fiduciary capacity. Interest income rose nearly six times to $28 million in the first quarter ...
China's Shein set to face tougher EU online rules
BRUSSELS (Reuters) - The European Union designated Chinese-founded fast-fashion company Shein as a very large online platform (VLOP) after it reported a huge number of users, the EU said in a statement on Friday. Companies with more than 45 ...
Beer can maker Ball Corp lags sales estimates on slowing demand
(Reuters) - Beer can maker Ball Corp missed quarterly sales expectations on Friday, hit by lagging demand for its beverage cans as customers become more frugal in their spending. The world's largest supplier of beer cans is navigating a complex ...
Daimler Truck faces imminent strike by over 7,300 US workers
By Nathan Gomes (Reuters) - Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in the U.S. South by the end of Friday or face a possible strike by the United Auto Workers (UAW) union members. The ...
Exxon misses on Q1 profit despite big gains in Guyana
By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil ...
Chevron reports Q1 profit beat
(Reuters) - Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes helped offset an impact from weak natural gas prices. The company, which is in the process of acquiring Hess Corp in a $53 billion ...
Futures climb as Alphabet, Microsoft results lift megacaps
(Reuters) - U.S. stock index futures advanced on Friday as megacap growth shares rebounded on the back of robust quarterly results from Alphabet and Microsoft, while investors awaited a key inflation print that could help shape U.S. monetary ...
Why BYD's EV exports sell for twice the China price
By Nick Carey and Ben Klayman LONDON (Reuters) - U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China's top EV maker, BYD, has ...
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