By Robert Harvey and Arathy Somasekhar LONDON/HOUSTON (Reuters) – Mexican export cuts and a rerouting of Canadian output are shrinking…
Xi’s trip to Europe may lay bare West’s divisions over China strategy
By Laurie Chen and Michel Rose BEIJING/PARIS (Reuters) -Chinese President Xi Jinping heads to Europe for the first time in…
Shell smashes forecasts with $7.7 billion quarterly profit
By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red…
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
(Reuters) – Qualcomm shares climbed about 10% to a more than two-year high on Thursday after the smartphone-focused chipmaker signaled…
Fed’s Powell says looming US election will not sway rate decisions
By David Lawder and Michael S. Derby NEW YORK (Reuters) -The looming U.S. presidential election will not influence the Federal…
Qualcomm forecast beats estimates as AI drives chip sales in China
By Stephen Nellis and Arsheeya Bajwa (Reuters) -Qualcomm on Wednesday forecast quarterly sales and adjusted profit above Wall Street expectations,…
Carvana shares soar on upbeat forecast for core profit, retail sales
(Reuters) -Shares of Carvana surged nearly 30% in extended trading on Wednesday after the used-car seller forecast a surprise rise…
DoorDash disappoints Wall Street with downbeat quarterly core profit
By Granth Vanaik and Waylon Cunningham (Reuters) – Shares of DoorDash sank more than 14% in extended trading on Wednesday…
Devon Energy beats Q1 profit estimate on higher production
(Reuters) – U.S. shale producer Devon Energy beat first-quarter profit estimates on Wednesday as higher production from Delaware basin helped…
PayPal lifts 2024 profit forecast, execs focus on branded checkout growth
By Manya Saini and Jaiveer Shekhawat (Reuters) -PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products…