Investing
Investing
UniCredit Cheers Investors With Buyback as Russia Hits Profit
Investing
Stocks Slide, Dollar Holds Ground as U.S. Rate Hike Looms
Investing
Brief Crash Hits European Stocks in Holiday-Thinned Trading
Investing
Oil Prices Fluctuate Amid Supply Constraints and Demand Concerns
Boeing Shares Plunge on Fresh 777X Setbacks, Array of Charges
Date: April 27, 2022
By Eric M. Johnson and Abhijith Ganapavaram (Reuters) -Boeing Co said on Wednesday it was halting 777X production through 2023 due to a fresh delay in its entry into service after certification problems and weak demand, with $1.5 billion in added costs for the mini-jumbo program. Shares of the U.S. planemaker fell 11% to $146.62...
Us, European Shares Rise as Earnings Mixed; Euro Dives to Lowest Since 2017
Date: April 27, 2022
By Chris Prentice and Tommy Wilkes WASHINGTON/LONDON (Reuters) – Major U.S. and European equity indexes rose in choppy trade on Wednesday, and the euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland and investors worried more about the region’s economy. Wall Street rose, rebounding the day after a...
Harley-Davidson Profit Drops on Rising Costs and Chip Shortages
Date: April 27, 2022
By Bianca Flowers (Reuters) -Harley-Davidson Inc reported a drop in first-quarter profit, in line with Wall Street expectations, as margins at the motorcycle maker were squeezed by higher costs and chip shortages, while sales were boosted by global price increases. The Milwaukee-based company’s shares were down 1.2% in midmorning trading at $36.20 on the New...
Spending Drive Knocks Spotify Shares After Q1 Beat
Date: April 27, 2022
(Reuters) -Spotify Technology said currency moves and a big increase in hiring would push it to an operating loss in the second quarter, sending the streaming giant’s shares down 11% on Wednesday despite a forecast-beating rise in first quarter revenue. The company predicted it would make an operating loss of 197 million euros ($208 million)...
Oil Rebounds From Drop on China Demand Concerns
Date: April 26, 2022
By Rowena Edwards LONDON – Oil prices rebounded in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand. Brent crude futures were up $1.26 cents, or 1.2%, at $103.58 a barrel by 1355 GMT. U.S. West Texas Intermediate contracts were up $1.14 cents, or 1.2%, at $99.68. Brent and...
FTSE 100 Snaps 3-day Losing Streak; Ab Foods Slumps on Earnings Update
Date: April 26, 2022
By Devik Jain (Reuters) -London’s FTSE 100 climbed on Tuesday after a three-day selloff, as shares of miners and homebuilders rose, while HSBC Holdings and Associated British Foods slid following earnings updates. The blue-chip index added 0.6% after closing at its lowest since March 18 on Monday. Glencore led gains among miners with its 1.9%...