Business
Google parent Alphabet reclaims spot in $2 trillion valuation club
(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 ...
Charter Communications reports higher-than-expected broadband subscriber losses
(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 ...
Traders add to bets on September start to Fed rate cuts
(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 ...
US inflation rises in line with expectations in March
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 ...
Futures extend gains after March PCE data
(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) ...
TSX futures rise as commodity prices jump
(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.
India's HCLTech misses Q4 revenue estimates
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 ...
LyondellBasell beats Q1 profit view, expects seasonal demand boost
(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 ...
T Rowe's quarterly profit beats estimates on tailwinds from market rally
(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 ...
Canada's Imperial Oil beats quarterly profit estimates
(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 ...