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Alphabet logo is seen near computer motherboard in this illustration taken January 8, 2024.

Google parent Alphabet reclaims spot in $2 trillion valuation club

Reuters |Updated 19 minutes ago |1 min read

(Reuters) - Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. The stock was last ...

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Charter Communications reports higher-than-expected broadband subscriber losses

Reuters |Updated 43 minutes ago |1 min read

(Reuters) - Charter Communications posted larger-than-expected broadband subscriber losses and missed estimates for first-quarter profit on Friday, sending its shares down 3.4% before the bell. The broadband market continues to see slowing growth ...

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013.

Traders add to bets on September start to Fed rate cuts

Reuters |Updated 2 minutes ago |1 min read

(Reuters) - Traders added to bets that the U.S. Federal Reserve will deliver its first interest rate cut this year in September, after a government report on Friday showed U.S. inflation rose last month in line with expectations. Interest-rate ...

A man waits for customers next to his makeshift tent around Times Square, in New York, U.S., December 25, 2023.

US inflation rises in line with expectations in March

Reuters |Updated 2 minutes ago |2 min read

WASHINGTON (Reuters) - U.S. inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures ...

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021.

Futures extend gains after March PCE data

Reuters |Updated 1 hour ago |1 min read

(Reuters) - U.S. stock index futures extended gains on Friday, as fresh evidence of progress on the inflation front reignited hopes that the Federal Reserve could cut interest rates sometime this year. The personal consumption expenditures (PCE) ...

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019.

TSX futures rise as commodity prices jump

Reuters |Updated 2 minutes ago |2 min read

(Reuters) - Futures for Canada's main stock index drifted higher on Friday, tracking a rise in commodity prices and upbeat megacap earnings on Wall Street, while some caution ahead of a key inflation reading in the United States contained gains.

Employees of HCLTech walk inside the office premises on the outskirts of Lucknow, India, March 20, 2024.

India's HCLTech misses Q4 revenue estimates

Reuters |Updated 3 minutes ago |1 min read

BENGALURU (Reuters) - HCLTech, India's No.3 IT services player, reported a smaller-than-expected fourth-quarter revenue on Friday amid decelerating tech spending among clients due to macro overhang. The company posted a 7.1% increase in revenue ...

The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, U.S., May 5, 2019.

LyondellBasell beats Q1 profit view, expects seasonal demand boost

Reuters |Updated 1 hour ago |2 min read

(Reuters) - Petrochemical manufacturer LyondellBasell said on Friday it expects seasonal demand improvements across most of its units in the current quarter after it beat first-quarter profit estimates. The chemical maker said low costs for ...

The logo of T. Rowe Price Group is pictured at its office in Tokyo, Japan, January 13, 2017.

T Rowe's quarterly profit beats estimates on tailwinds from market rally

Reuters |Updated 1 hour ago |2 min read

(Reuters) - T Rowe Price's first-quarter profit beat expectations as an upswing in markets boosted its assets under management and softened the hit from outflows, it said on Friday. Asset managers have seen money leave their funds as high ...

SaltWire

Canada's Imperial Oil beats quarterly profit estimates

Reuters |Updated 2 minutes ago |1 min read

(Reuters) - Canada's Imperial Oil topped Wall Street expectations for first-quarter profit on Friday, as the integrated oil firm was helped by resilient demand for fuel amid tight supply conditions. The Calgary, Alberta-based company posted a ...

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