Featured Reuters
US core capital goods orders rise moderately in March
Japan's yen hits 155/dollar, weakest since 1990
(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, ...
Microsoft's AI lead puts Amazon cloud dominance on watch
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 ...
Home improvement firm Masco beats profit estimates on price hikes, lower costs
(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 ...
US defense firm Teledyne cuts 2024 profit forecast on weak sales
(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 ...
B Riley stock surges after filing long-delayed annual report
(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 ...
Old Dominion Freight Line posts lower-than-expected Q1 revenue on lesser shipments
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 ...
TE Connectivity beats quarterly profit estimates on sensor demand
(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 ...
Boeing's lower MAX production will slow planemaker's recovery, CEO says
(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 ...
Label maker Avery Dennison posts Q1 profit beat as reduced inventories boost demand
(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 ...
Canada's Rogers Communications tops quarterly subscriber additions estimate
(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 ...