Today: May 09, 2024
Today: May 09, 2024

Business

Insurance firms deny Chevron's $57 million claim for Iran oil seizure

HOUSTON (Reuters) -Three insurance companies have rejected Chevron's claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California.

Insurance firms deny Chevron's $57 million claim for Iran oil seizure

US lawmaker probes FTC work with Europe to block Amazon iRobot merger

The chair of the House Oversight Committee said on Wednesday he is investigating the Federal Trade Commission's (FTC) work with the European Commission in

US lawmaker probes FTC work with Europe to block Amazon iRobot merger

Stock market today: Wall Street's lull stretches to a second day as indexes finish mixed

Stock drifted to a mixed close as Wall Street remains in a lull

Stock market today: Wall Street's lull stretches to a second day as indexes finish mixed

Prosecutors seek trial for Italian minister over alleged fraud

Italian prosecutors said on Friday they wanted to charge Tourism Minister Daniela Santanche for alleged benefit fraud at her former publishing company during the COVID pandemic.

Prosecutors seek trial for Italian minister over alleged fraud

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that

FTX will return money to most customers less than 2 years after catastrophic crypto collapse

Edmunds: Trade or sell your car? What's best might surprise you

With used car prices dropping, it’s crucial to know the best way to maximize your return when you part ways with your current car

Edmunds: Trade or sell your car? What's best might surprise you

Uber shares tumble as weaker ride-share demand hurts Q2 forecast

By Yuvraj Malik (Reuters) -Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending its shares down 9% and putting the ride-share and food delivery

Uber shares tumble as weaker ride-share demand hurts Q2 forecast

AerCap sees tight jetliner market, places big engine order

By Tim Hepher and Nathan Gomes (Reuters) -The head of aircraft leasing giant AerCap predicted that tightness in global jet markets would last through the rest of the decade, fuelled by supply chain

AerCap sees tight jetliner market, places big engine order

Reddit shares soar as earnings show advertising, AI licensing revenue potential

(Reuters) -Reddit soared as much as 11% in early trading on Wednesday after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since

Reddit shares soar as earnings show advertising, AI licensing revenue potential

Exclusive-Ecuador examining new Amazon and Ocean linked debt-for-nature swaps, sources say

By Marc Jones LONDON (Reuters) -Ecuador is scoping out new debt-for-nature swaps, one to funnel funds into the Amazon rainforest and another for a giant ocean protection zone backed by Hollywood star

Exclusive-Ecuador examining new Amazon and Ocean linked debt-for-nature swaps, sources say

HF Sinclair beats quarterly profit view, announces $1 billion share buyback

(Reuters) -Refiner HF Sinclair on Wednesday surpassed first-quarter profit estimates aided by higher fuel sales and announced a new share buyback program of $1 billion.

HF Sinclair beats quarterly profit view, announces $1 billion share buyback

New York Times posts upbeat results on boost from digital subscriptions

New York Times beat estimates for first-quarter revenue and profit on Wednesday, as its bundled content offering attracted more subscribers to its website and app ahead of major sporting

New York Times posts upbeat results on boost from digital subscriptions

Shopify's downbeat revenue growth forecast sends shares to six-month low

Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer

Shopify's downbeat revenue growth forecast sends shares to six-month low

Teva Pharm to launch Humira biosimilar as Q1 profit misses estimates

Teva Pharmaceutical Industries said it was set to launch its long awaited biosimilar of AbbVie's blockbuster arthritis drug Humira in the coming weeks after it

Teva Pharm to launch Humira biosimilar as Q1 profit misses estimates

Explainer-Shell's Singapore refinery sale and its market significance

Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore - one of the world's largest oil refining and trading centres - to a

Explainer-Shell's Singapore refinery sale and its market significance

Summer of sport to help revive global beer sales

By Emma Rumney LONDON (Reuters) -Global brewers are set to sell more beer this year after several quarters of declines, helped by factors from sports and slower inflation to weather patterns and a

Summer of sport to help revive global beer sales

Apple unveils new AI-focused chip in upgraded iPad Pro

By Stephen Nellis (Reuters) -Apple unveiled its latest iPad Pro on Tuesday with a new chip for artificial intelligence computing as it rushes to catch up with its Big Tech rivals in a race to dominate

Apple unveils new AI-focused chip in upgraded iPad Pro

Peru port conflict escalates as Chinese firm insists on original terms

The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed

Peru port conflict escalates as Chinese firm insists on original terms

Sea drone warfare has arrived. The U.S. is floundering

By Joe Brock and Mike Stone (Reuters) -The U.S.

Sea drone warfare has arrived. The U.S. is floundering

Europe's STOXX 600 closes at record high on earnings cheer

By Ankika Biswas and Johann M Cherian (Reuters) -Europe's main index ended Wednesday at a record high as investors cheered strong earnings from the likes of beer maker Anheuser-Busch Inbev and

Europe's STOXX 600 closes at record high on earnings cheer

Puma upbeat on growing demand, shares jump

By Linda Pasquini and Helen Reid (Reuters) -A return to growth in the Americas helped Puma meet first-quarter sales forecasts and its order book for the rest of the year was looking "very good", the

Puma upbeat on growing demand, shares jump

Biden touts new $3.3 billion Microsoft data center at failed Foxconn site Trump backed

By Andrea Shalal RACINE, Wisconsin (Reuters) -U.S.

Biden touts new $3.3 billion Microsoft data center at failed Foxconn site Trump backed

EU tariffs on Chinese EVs could backfire, German car bosses warn

By Nick Carey and Christina Amann LONDON/BERLIN (Reuters) -Top executives at BMW and Volkswagen on Wednesday warned against imposing EU import duties on electric vehicles from Chinese automakers,

EU tariffs on Chinese EVs could backfire, German car bosses warn

Dow ends higher for 6th session, but Treasury yields pressure market

The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in

Dow ends higher for 6th session, but Treasury yields pressure market

Bill Hwang arrives in court for trial over collapse of his $36 billion Archegos fund

By Brendan Pierson and Jody Godoy NEW YORK (Reuters) -Sung Kook "Bill" Hwang arrived in court Wednesday for the start of his criminal racketeering trial over the collapse of Archegos Capital

Bill Hwang arrives in court for trial over collapse of his $36 billion Archegos fund
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