By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future. Economic data showed that the labor market remained resilient, …
Stocks end near flat as investors assess earnings, data Read More »
By Ross Kerber (Reuters) – Mutual fund firm T. Rowe Price said Elon Musk’s record-breaking 2018 pay package from Tesla “demonstrated strong alignment” with the interests of investors at the electric carmaker. The comments from the 10th-largest Tesla investor mark important support after a Delaware judge in January voided the $56 billion package as being …
T. Rowe Price says 2018 Tesla pay aligned with investor interests Read More »
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Netflix blew past Wall Street expectations on new customers for the second straight quarter on Thursday but signaled the positive surprises could be over, forecasting revenue growth slightly below analyst targets. Shares of the streaming video pioneer initially rose about 3% in extended trading after the …
Netflix handily beats subscriber targets but misses on revenue forecast Read More »
(Reuters) – Intuitive Surgical beat Wall Street estimates for first-quarter profit and revenue on Thursday, riding on higher demand for its robots used in minimally invasive procedures. Investor expectations around the performance of medical device makers have been heightened since last November, as people, especially older adults, opted for medical procedures deferred during the pandemic. …
Medical device maker Intuitive beats estimates on strong demand for surgical robots Read More »
(Reuters) -Nordstrom said the founding family behind the department store chain had shown an interest in exploring a go-private deal, and the company’s board had formed a special committee of independent directors to look into it. The move by CEO Erik Nordstrom and President Pete Nordstrom comes at a time when department store chains across …
Nordstrom to evaluate founding family’s interest in take-private deal Read More »
By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) -Electric vehicle maker Rivian said on Wednesday it cut about 1% of its workforce – the second round of job cuts this year – as it reduces cost amid a broader slowdown in EV demand. Shares of Rivian, up as much as 3.4% on Wednesday, pared …
Rivian cuts 1% of workforce in second round of layoffs this year Read More »
By Philip Blenkinsop and Nette Noestlinger BRUSSELS (Reuters) -European Union leaders agreed to reforms on nine fronts on Thursday to revitalise the bloc’s economy and help it catch the United States and China in the global tech race, but still exposed differences on freeing up the money required to do so. Leaders first heard from …
EU backs competitiveness push, but divisions persist Read More »
(Reuters) – Alaska Air Group forecast a better-than-expected profit for the current quarter on Thursday, driven by strong travel demand and expectations for a strong summer season. The airline, the operator of the Boeing plane that suffered a mid-air cabin blowout in January, also reported a smaller loss in the first quarter, despite a $162 …
Alaska Air forecasts second-quarter profit above estimates on strong travel demand Read More »
CHICAGO (Reuters) – Alaska Air Group is not concerned about the production rate of Boeing’s 737 MAX planes as it is more focused on the quality and safety of the planemaker’s jets, a top company executive said on Thursday. The Seattle-based carrier had to ground its MAX 9 fleet for weeks following a mid-air cabin …
Alaska Air prioritizes quality, safety of Boeing products over production rate Read More »
DUBAI (Reuters) – Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai’s regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional ones. Under the Virtual Asset Service Provider (VASP) licence, unit Binance FZE will also be able to extend its current services beyond …
Binance obtains Dubai licence to target retail clients Read More »
