Category Archives:
Futures fall on Meta, Qualcomm forecasts ahead of GDP data
(Reuters) - U.S. stock index futures fell on Thursday led by Nasdaq as gloomy forecasts from Meta and Qualcomm soured the mood ahead of data which could likely show a slight rebound in U.S. economic g...
Jul 28, 2022
Altria cuts Juul stake value by 72%
(Reuters) - Marlboro maker Altria Group Inc on Thursday cut the value of its stake in Juul Labs Inc by about 72% to $450 million as the e-cigarette maker comes under intense regulatory scrutiny with t...
Jul 28, 2022
Harley quarterly revenue hit by two-week production shutdown
(Reuters) - Harley-Davidson Inc reported a fall in quarterly revenue, hurt by the motorcycle maker's two-week production shutdown in May that delayed shipments and affected dealer inventories. The 119...
Jul 28, 2022
The global recession drum beat is getting louder
By Sujata Rao, Dhara Ranasinghe and Vincent Flasseur LONDON (Reuters) - Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction that the world economy ...
Jul 28, 2022
From grain to gasoline: a brief world history of rationing
(Reuters) - European countries are looking at ways to curb gas demand as they brace for further cuts in Russian supplies, raising the prospect of rationing across the continent. Through war, siege and...
Jul 28, 2022
Tiny Bolivian automaker bets it can tap world’s largest lithium deposits
By Monica Machicao and Diego Cartagena COCHABAMBA, Bolivia (Reuters) - A Bolivian startup is betting on the Andean nation's unlikely push to mine the world's largest lithium deposits, building tiny el...
Jul 28, 2022
Chip crunch easing could weigh on pricing power, Tavares says
MILAN (Reuters) - A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers' pricing power that has been boosting earnings across the industry in r...
Jul 28, 2022
Comcast revenue tops estimates as streaming and broadband subscriber growth remain flat
By Richard Francis and Helen Coster (Reuters) - Comcast Corp's second quarter revenue beat Wall Street estimates on Thursday, lifted by the NBCUniversal media business and a continued recovery in them...
Jul 28, 2022
Hershey raises profit, sales growth forecasts on price hikes
(Reuters) - Hershey Co on Thursday raised its annual adjusted profit and sales growth forecast, as the Kit Kat maker expects to benefit from price hikes for its chocolates and candies. Packaged food m...
Jul 28, 2022
Pfizer profit surges, reaffirms sales forecast for COVID-19 products
(Reuters) -Pfizer Inc on Thursday reported a 78% jump in profit and reaffirmed the combined 2022 sales forecast of $54 billion for its COVID-19 vaccine and pill, as countries rushed to sign contracts ...
Jul 28, 2022
Peoria, IL, USA
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