By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – In an earnings quarter teeming with uncertainty around tariffs, Walt Disney’s quarterly results are looking like the happiest place on earth. The media giant exceeded expectations in its most recent quarter, bolstered by an unexpected boost in its Disney+ streaming business and strong results from …
Disney earnings soar on resilient streaming, US parks revenue Read More »
WASHINGTON (Reuters) -The United States has pushed some nations facing tariffs imposed by President Donald Trump to approve Elon Musk’s Starlink, the Washington Post reported on Wednesday, citing State Department cables. The cables show how U.S. embassies and the department pushed countries to clear hurdles for satellite companies, often mentioning Starlink by name, the Post …
US pushes nations facing tariffs to approve Musk’s Starlink, Washington Post reports Read More »
By Jeff Mason WASHINGTON (Reuters) – President Donald Trump said on Wednesday he will soon have an announcement on whether the U.S. will ease microchip export restrictions to some Gulf countries. “We might be doing that, yeah,” Trump said. “And it will be announced soon.” Trump is preparing for his first major diplomatic trip next …
Trump signals US might ease chip export curbs on some Gulf countries Read More »
By Stephen Nellis SANTA CLARA, California (Reuters) -Cadence Design Systems unveiled on Wednesday a new supercomputer based on chips from Nvidia that will speed up its software offerings for everything from designing chips to jets to new drugs. Cadence supplies software that firms such as Apple use to design chips. But over the past several …
By Karl Plume CHICAGO (Reuters) -Grain trader and processor Bunge Global said on Wednesday its first-quarter profit fell less than expected as rising global trade tensions prompted consumers to secure goods ahead of tariff-fueled price increases, increasing demand. Weak oilseed crush margins in North America and Argentina and lower returns in ocean freight operations dampened …
Bunge posts Q1 profit beat as tariff-fueled uncertainty lifts demand Read More »
By Mike Scarcella (Reuters) -A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge’s order that said the FTC was not entitled to a preliminary …
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -A slump in travel demand due to President Donald Trump’s trade war has left all U.S. airlines reeling, but the pain is most acute at budget carriers. Southwest, Frontier and JetBlue all saw sharp declines in their operating margins in the first quarter. In comparison, margins at Delta and …
Low-cost carriers hit hardest by US travel demand slump Read More »
(Reuters) -CrowdStrike reiterated its fiscal 2026 first quarter and annual forecasts on Wednesday and announced a plan to cut about 500 roles, roughly 5% of its workforce, to streamline operations and reduce costs. The cybersecurity company will incur about $36 million to $53 million in charges related to the layoffs, of which about $7 million …
CrowdStrike to lay off 5% of staff, reaffirms forecasts Read More »
By Michael S. Derby (Reuters) – Two senators announced legislation on Tuesday that would change how the Federal Reserve’s in-house watchdog is selected. In a press release Senator Rick Scott, a Republican, and Senator Elizabeth Warren, a Democrat, said their bill would require the Federal Reserve’s inspector general, or IG, to be named by the …
U.S. senators announce bipartisan push to change how Fed watchdog selected Read More »
By Steven Scheer JERUSALEM (Reuters) – Teva Pharmaceutical Industries reported a larger than expected rise in first-quarter profit, helped by strong sales gains for a trio of its branded drugs treating migraines, Huntington’s disease and schizophrenia. The world’s largest generic drugmaker, Teva is relying on these and other innovative drugs to drive growth and help …
Teva Pharmaceutical’s branded drugs boost first quarter profit Read More »
