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(Reuters) – Apple is gearing up to sell its Vision Pro mixed-reality headset outside the United States, Bloomberg News reported on Monday, in a bid to invigorate demand for its most expensive bet in years. The iPhone-maker has flown hundreds of employees from its international stores to Cupertino, California and started training them on how …

Apple set to sell Vision Pro headset outside US, Bloomberg News reports Read More »

By Ludwig Burger FRANKFURT (Reuters) -Bayer beat first-quarter analyst forecasts as it reported a slight drop in adjusted earnings on Tuesday, providing a respite for the CEO’s turnaround efforts. The group also lowered its full-year earnings outlook, citing negative currency effects, but retained its operating forecast. The company’s quarterly earnings before interest, taxes, depreciation and …

Bayer’s first-quarter adjusted profit falls less than expected Read More »

MILAN (Reuters) -Expectations over interest rate cuts rather than earnings optimism has made investors the “most bullish” since November 2021, Bank of America’s monthly fund manager survey for May showed on Tuesday. The survey of global fund managers with $562 billion in asset under management found 82% expect the first by the rate cut by …

Investors ‘most bullish’ since Nov 2021 – BofA survey Read More »

(Reuters) -Illinois state treasurer Michael Frerichs urged Exxon Mobil shareholders to vote against the election of CEO Darren Woods, as the oil major pursues a lawsuit against two shareholders, a filing showed on Monday. Frerichs also recommended voting against Exxon’s Lead Independent Director Joseph Hooley at the company’s annual shareholder meeting scheduled to take place …

Illinois state treasurer urges Exxon shareholders to vote against CEO Woods, director Hooley Read More »

By Medha Singh and Laura Matthews (Reuters) -Shares of videogame retailer GameStop surged nearly 75% on Monday after “Roaring Kitty”, an account associated with a social media finance influencer credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from the app. GameStop’s shares hit an 18-month high at $38.20 …

GameStop soars as flag bearer ‘Roaring Kitty’ resurfaces, sparks meme stock rally Read More »

By Sinéad Carew and Sruthi Shankar (Reuters) -The S&P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation. A Federal Reserve Bank of New York survey, released on …

S&P 500 barely changes as investors hold tight ahead of inflation data Read More »

By David Shepardson WASHINGTON (Reuters) -Major U.S. airlines are suing the U.S. Transportation Department over a new rule requiring upfront disclosure of airline fees, the latest clash between air carriers and the Biden administration. Lobbying group Airlines for America, along with American Airlines, Delta Air Lines, United Airlines, JetBlue Airways <JBLU.O>, Hawaiian Airlines and Alaska …

Major airlines sue Biden administration over fee disclosure rule Read More »

By Jody Godoy (Reuters) -Sung Kook “Bill” Hwang tried to trick all of Wall Street, a federal prosecutor told a Manhattan federal jury, as his trial on charges stemming from the 2021 collapse of Hwang’s $36 billion fund Archegos Capital Management began on Monday. Prosecutors say Hwang lied to Wall Street banks to secure billions …

Archegos’ Hwang lied to become Wall Street legend, prosecutors say as trial begins Read More »

(Reuters) – CalPERS, the biggest public pension plan in the United States, is considering voting against ExxonMobil CEO Darren Woods’ re-election to the board amid shareholder discontent over a lawsuit it filed against two climate-focused investors, the Financial Times reported on Friday. Investors led by U.S. activist investment firm Arjuna Capital and shareholder activist group …

CalPERS mulls voting against Exxon CEO’s re-election to board, FT reports Read More »