Category Archives:
Used-car retailer Carvana’s shares soar on upbeat second-quarter forecast
By Kannaki Deka (Reuters) - Shares of Carvana Co rose 33% before the bell on Friday after the online used-car retailer forecast a surprise core profit for the second quarter, offering some relief to i...
May 05, 2023
Warner Bros Discovery streaming business turns a profit
(Reuters) - Warner Bros Discovery Inc said on Friday its streaming business turned a profit in the first quarter, a milestone for a division that had been losing money in its bid to gain subscribers a...
May 05, 2023
Chinese courier giant SF aims to raise up to $3 billion in Hong Kong listing – sources
By Julie Zhu and Scott Murdoch HONG KONG/SYDNEY (Reuters) - China's largest express delivery company SF Holding Co Ltd plans to raise up to $3 billion in a second listing in Hong Kong as soon as later...
May 05, 2023
Italian bank Intesa raises profit target after beating forecasts
By Valentina Za MILAN (Reuters) -Intesa Sanpaolo, Italy's biggest bank, raised its 2023 profit goal on Friday after first-quarter net income nearly doubled thanks to higher interest rates and shrinkin...
May 05, 2023
HSBC poised to see off Asia spinoff threat at crunch shareholder vote
By Lawrence White BIRMINGHAM, England (Reuters) -HSBC is expected on Friday to defeat a proposal by Hong Kong-based investors, backed by its biggest Asian shareholder Ping An, which calls for the lend...
May 05, 2023
Coty eyes dual listing on Paris Stock Exchange
(Reuters) - Coty Inc said on Friday it would explore a listing on the Paris Stock Exchange as the CoverGirl cosmetics maker looks to strengthen its presence in Europe and tap into new investors in the...
May 05, 2023
PBF Energy beats quarterly profit estimates on strong margins
(Reuters) - U.S. refiner PBF Energy Inc beat estimates for first-quarter profit on Friday, aided by higher margins amid tight supplies and strong demand for fuel. Refining margins have risen after pan...
May 05, 2023
Futures climb on Apple earnings cheer, key jobs report on tap
(Reuters) - U.S. stock index futures rose on Friday as upbeat results from Apple underscored corporate earnings resilience despite a slowing U.S. economy, while investors awaited a key monthly employm...
May 05, 2023
UBS raises expectations for ECB’s terminal rate; SocGen sees it peaking at 4%
(Reuters) -Economists at UBS expect the benchmark interest rate in the eurozone to peak at 3.75%, while Societe Generale sees it at 4% after the European Central Bank (ECB) signalled more tightening a...
May 05, 2023
US regional lenders eke out gains after brutal sell-off
(Reuters) - Shares of U.S. regional lenders rose in premarket trading on Friday following a brutal sell-off during the week that saw First Republic Bank collapse and peer PacWest Bancorp explore strat...
May 05, 2023
Peoria, IL, USA
42 °F Overcast
