Featured Reuters
US equity funds witness outflows for fifth week in a row
CBRE Group's first-quarter profit beats on leasing demand
(Reuters) - Real estate services provider CBRE Group's first-quarter profit beat analysts' estimates on Friday, helped by higher leasing demand at a time when commercial property sales remain under pressure from elevated interest rates. "Leasing ...
Tesla vs Tesla: US carmaker sues Indian namesake for copying trademark
By Arpan Chaturvedi and Aditya Kalra NEW DELHI (Reuters) - Elon Musk's carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name "Tesla Power" to promote its products, seeking damages and a permanent ...
Alaska Air says Boeing issued $61 million in credit memos to address grounding hit
(Reuters) - Alaska Air Group has received $61 million in supplier credit memos from Boeing as additional compensation for the hit from a temporary grounding of 737 MAX 9 jets, the carrier said on Friday. The airline had received $162 million in ...
Cboe posts higher first-quarter profit on robust options trading
(Reuters) -Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong demand for hedging products amid market volatility helped boost the exchange operator's options trading volumes. Geopolitical risks and macroeconomic ...
Expedia shares fall as Vrbo weakness weighs on revenue forecast
(Reuters) - Expedia shares sank about 9% in premarket trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo. The company, which is known for its three ...
Hershey tops first-quarter estimates on higher pricing
(Reuters) - Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy. WHY IS IT IMPORTANT? Hershey has seen minimal resistance ...
Mexico peso to navigate between firm economy and political doubts: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) - Mexico's peso is set to navigate between a relatively firm economy on one side and some political doubts on the other, with a small depreciation expected in the medium-term, a Reuters poll of foreign ...
Apple shares jump as record buyback, sales growth forecast lure investors
By Aditya Soni (Reuters) - Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and ...
Magna misses profit estimates, cuts annual sales forecast on supply chain issues
(Reuters) - Canada's Magna International missed analysts' estimates for first-quarter profit and cut its full-year overall sales forecast on Friday, as the auto parts supplier navigates headwinds from supply chain snags. The Aurora, Ontario-based ...
Pipeline operator TC Energy's results beat on higher energy demand
(Reuters) -TC Energy beat first-quarter profit estimates on Friday as strong energy demand boosted the pipeline operator's transport volumes of oil and gas. Crude demand in the U.S., the largest importer of Canada's oil and gas, rose in the first ...