By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq edged lower on Wednesday as investors took profits in chipmaker stocks, while they braced for producer price data and further clues on the inflation trend ahead of next week’s Federal Reserve meeting. An index of semiconductors eased 2.5% after recent strong gains, but was …
Wall Street ends mostly lower as chipmakers ease; inflation data ahead Read More »
(Reuters) – Lennar Corp reported first-quarter profits above Wall Street estimates on Wednesday, as historically low existing home supply led to sustained demand for new home construction. The second-largest U.S. homebuilder’s reported earnings of $2.57 per share surpassing analysts’ average estimate of $2.20 per share and above $2.06 per share a year earlier. (Reporting by …
US homebuilder Lennar beats Q1 profit estimates on higher home deliveries Read More »
By Iain Withers CANNES, France (Reuters) – Goldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while other investors said the market downturn still had further to run. Prices of U.S. offices and other commercial properties have fallen sharply …
Goldman Sachs to resume bets on US property, other investors warn of more pain Read More »
By Granth Vanaik and Anuja Bharat Mistry (Reuters) -Dollar Tree missed market expectations for holiday-quarter sales and profit on Wednesday and laid out plans to shutter 970 of its Family Dollar stores, as the retailer looks to revamp the struggling business. Shares of Dollar Tree fell about 14% after it also forecast 2024 sales and …
Dollar Tree misses holiday-quarter estimates, to shut nearly 1,000 stores Read More »
By Linda Pasquini and Chiara Holzhaeuser (Reuters) -German online fashion retailer Zalando on Wednesday forecast a return to growth this year and said it was opening up its logistics business to more players, raising hopes of a boost to its performance and helping to lift its shares. The stock jumped as much as 18.5% after …
Zalando jumps as online fashion retailer sees return to growth Read More »
PARIS (Reuters) -BNP Paribas, the euro zone’s largest bank, on Wednesday said it will step up its cost-cutting plan by 400 million euros ($437 million) after reporting weak results for the fourth quarter. The bank intends to generate the additional savings this year, increasing its cumulated savings goal over the 2022-to-2025 period to 2.7 billion …
BNP Paribas hikes cost cuts by 400 million euros after weak results Read More »
(Reuters) – General Motors said on Tuesday that Mike Abbott will step down as executive vice president, software and services, due to health reasons. Last year, GM appointed Abbott to lead a division that will bring together three software functions within the company and spearhead development of vehicle and enterprise software technologies. Baris Cetinok, vice …
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended sharply higher on Tuesday, with the S&P 500 registering a record high close as Oracle shares surged and consumer price data failed to dampen investors’ hopes of interest rate cuts in the coming months. Shares of Oracle jumped 11.7% and reached a record high, a day …
S&P 500 posts record high close as Oracle jumps, traders keep rate-cut bets Read More »
By Alasdair Pal, Cordelia Hsu and Adam Jourdan SYDNEY/SANTIAGO (Reuters) -Investigators from Chile’s aviation authority are headed to New Zealand to head up the probe into a sudden midair dive by a LATAM Airlines Boeing 787 plane that left more than 50 people injured, the country’s regulator said Tuesday. The plane, which was headed from …
Chilean investigators to lead probe into LATAM Boeing flight that injured 50 Read More »
By David Shepardson (Reuters) – Boeing <BA.N> is adding weekly compliance checks for every 737 work area and additional audits of equipment to reduce quality problems, the company said in a memo to employees on Tuesday. The memo from Boeing Commercial Airplanes President and CEO Stan Deal following the U.S. Federal Aviation Administration’s six-week audit …
Boeing will add compliance checks, equipment audits at 737 factory, memo says Read More »
