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Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

Japan's yen hits 155/dollar, weakest since 1990

Reuters |Updated 5 minutes ago |1 min read

(Reuters) - The yen fell on Wednesday to its weakest levels against the dollar since June 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up their currency. The dollar was last up 0.2% at 155.14 yen, ...

The logo of Amazon is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023.

Microsoft's AI lead puts Amazon cloud dominance on watch

Aditya Soni, Yuvraj Malik |Updated 53 minutes ago |3 min read

By Yuvraj Malik and Aditya Soni (Reuters) - Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on cloud-computing market leader Amazon.com as more businesses switch to its services, attracted by a clutch of ...

SaltWire

Home improvement firm Masco beats profit estimates on price hikes, lower costs

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Masco beat Wall Street expectations for first-quarter profit on Wednesday, as price hikes and easing material costs bolstered the homebuilding-product maker's margins. Its gross profit margin expanded 180 basis points to 35.6%, also ...

SaltWire

US defense firm Teledyne cuts 2024 profit forecast on weak sales

Reuters |Updated 1 hour ago |1 min read

(Reuters) - U.S. defense contractor Teledyne Technologies on Wednesday cut its annual profit forecast after missing first-quarter estimates on weak sales in its imaging and instrumentation businesses. Teledyne, which makes digital imaging ...

SaltWire

B Riley stock surges after filing long-delayed annual report

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - Shares of investment bank and brokerage B Riley Financial surged 26% before the bell on Wednesday after the company filed its annual report with the Securities and Exchange Commission. The company had missed its March deadline to file ...

SaltWire

Old Dominion Freight Line posts lower-than-expected Q1 revenue on lesser shipments

Reuters |Updated 3 minutes ago |2 min read

U.S. less-than-truckload carrier Old Dominion Freight Line reported first-quarter revenue below above Wall Street estimates on Wednesday, as the company hauled less weight and shipments in the quarter. A shift in consumer spending post-pandemic ...

Employees hold a plate with components at TE Connectivity in Woerth, Germany, February 16, 2022. Picture taken February 16, 2022.

TE Connectivity beats quarterly profit estimates on sensor demand

Reuters |Updated 1 hour ago |1 min read

(Reuters) - TE Connectivity beat Wall Street estimates for second-quarter profit on Wednesday, helped by strong demand for its sensor technology from electric vehicle (EV) makers across the globe. With governments worldwide implementing ...

Dave Calhoun, CEO of Boeing, speaks on stage during the delivery of the final 747 jet at their plant in Everett, Washington, U.S. January 31, 2023.

Boeing's lower MAX production will slow planemaker's recovery, CEO says

Reuters |Updated 3 minutes ago |2 min read

(Reuters) - Boeing's lower 737 MAX production will slow the pace of its recovery, as it faces a "difficult" period following a harrowing mid-air blowout on one of its jets in January, CEO Dave Calhoun told employees on Wednesday. Calhoun, who ...

SaltWire

Label maker Avery Dennison posts Q1 profit beat as reduced inventories boost demand

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Avery Dennison beat first-quarter profit estimates on Wednesday, benefiting from strong demand for its labeling and packaging products as clients reduced their pandemic inventories. The company indicated in January that its customers ...

Ethernet cables are seen in front of Rogers and Shaw Communications logos in this illustration taken, July 8, 2022.

Canada's Rogers Communications tops quarterly subscriber additions estimate

Reuters |Updated 3 minutes ago |1 min read

(Reuters) - Canada's Rogers Communications topped Wall Street estimates for first-quarter wireless subscriber additions on Wednesday, with rapid growth in the country's immigrant population boosting demand for its wireless services. The company ...

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