By Arunima Kumar (Reuters) -Kinder Morgan Inc surpassed Wall Street estimates for first-quarter profit on Wednesday as strong demand for jet fuel and natural gas boosted volumes at the U.S pipeline operator. Exports of U.S. liquefied natural gas (LNG) to Europe have hit record levels after Moscow’s invasion of Ukraine as the European Union tries …
Kinder Morgan tops profit estimates on higher jet fuel, LNG volumes Read More »
By Ana Mano SAO PAULO (Reuters) – Brazil’s ABPA, a lobby group representing large pork and chicken processors like JBS SA and BRF SA, said on Wednesday its member companies are facing difficulties shipping products through the Port of Shanghai. The statement, sent in response to a question from Reuters about the effects of the …
Brazil meat exporters face hurdles shipping product via COVID-hit Shanghai -lobby group Read More »
By Noel Randewich and Sinéad Carew (Reuters) – The collapse of Netflix’s stock on Wednesday after the company reported its first loss of customers in a decade is the latest drastic sign that Wall Street is abandoning streaming services and other pandemic winners and questioning whether they still merit growth stock valuations. With Netflix shares …
Netflix selloff is latest in Wall St retreat from streaming Read More »
By Hyunjoo Jin and Akash Sriram SAN FRANCISCO (Reuters) -Tesla Inc results surged past Wall Street expectations on Wednesday, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs. Tesla has been an outlier since the pandemic outbreak, posting record deliveries and earnings for several quarters when rivals wrestling …
Elon Musk’s Tesla races ahead of rising costs with price hikes Read More »
By Julie Gordon OTTAWA (Reuters) -Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high amid broad price pressures, official data showed on Wednesday, pointing toward another oversized rate hike from the Bank of Canada in June. The headline rate hit 6.7% in March, well above analyst expectations of 6.1% and …
Canada inflation surges more than expected in March, hitting 31-year high Read More »
(Reuters) – A federal judge on Wednesday rejected an effort by Tesla Inc shareholders to obtain a “gag order” preventing Elon Musk from publicly discussing their lawsuit accusing him of deceiving them with a 2018 tweet about taking his electric car company private. The ruling was issued by U.S. District Judge Edward Chen in San …
Tesla shareholders lose bid for ‘gag order’ against Elon Musk Read More »
BEIJING (Reuters) – China’s soybean imports from the United States plunged in March from a year earlier, customs data showed on Wednesday, as poor margins curbed buying. China, the world’s top importer of soybeans, brought in 3.37 million tonnes last month from the U.S., down from 7.18 million a year earlier, data from the General …
China’s March soybean imports from U.S. fall from previous year Read More »
By Dawn Chmielewski and Tiyashi Datta (Reuters) – Netflix Inc’s plans to get tough on account sharing failed to reassure Wall Street that the world’s largest streaming video company had found a way to spark new growth. The company’s stock was down 36% in trading Wednesday, a day after Netflix said it would ask subscribers …
Investors skeptical of Netflix’s plans to crack down on account sharing Read More »
By David French (Reuters) – The tech-heavy Nasdaq dropped on Wednesday as Netflix’s surprise decline in subscribers weighed on both the streaming giant and other high-growth companies, which investors feared may face similar post-pandemic performance issues. By contrast, the blue-chip Dow was driven to a second-successive higher close by positive earnings from consumer giant Procter …
Nasdaq drops as Netflix subscriber numbers weigh on tech Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings on Wednesday forecast a profit for the second quarter as it expects booming travel demand to generate the highest quarterly revenue in the company’s history. After a speed bump caused by the Omicron-driven surge in COVID-19 cases early in the year, travel demand has surged …
United Airlines sees 2nd quarter profit, record revenue on booming travel demand Read More »
