Reuters US Business Archives - Page 803 of 2312

McDonald’s global sales post surprise drop as tariff chaos hurts consumer confidence

1 May 2025 1 May 2025

By Savyata Mishra (Reuters) – McDonald’s posted a surprise drop in first-quarter global comparable sales on Thursday, as demand from cash-strapped diners in the U.S. and Europe faltered on uncertainty sparked by chaotic tariffs. The world’s largest fast-food chain is navigating the “toughest of market conditions”, CEO Chris Kempczinski said as restaurant visits by lower- …

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Kellanova misses sales estimate as spending in US slows

1 May 2025 1 May 2025

(Reuters) -Pringles maker Kellanova missed market expectations for first-quarter net sales on Thursday, as consumer spending weakened in the company’s biggest market due to inflation. President Donald Trump’s sweeping trade policy, which is expected to raise prices for Americans, has triggered economic uncertainty in the U.S. Data showed on Wednesday that the economy contracted in …

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Shipbuilder Huntington Ingalls’ quarterly earnings fall on slowing volume

1 May 2025 1 May 2025

(Reuters) -U.S. military shipbuilder Huntington Ingalls reported a fall in first-quarter profit and revenue, weighed down in part by a continued slowdown at its facility that makes aircraft carriers for the Navy. Though demand for submarines and aircraft carriers has remained strong, fueled by China’s expanding naval footprint and high global tensions, Huntington Ingalls has …

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BNY gets licence for Saudi regional HQ as global banks grow presence

1 May 2025 1 May 2025

By Manya Saini DUBAI (Reuters) – Bank of New York Mellon has received a licence to set up a regional headquarters in Saudi Arabia, it said on Thursday, joining others lured by incentives as the kingdom seeks to boost its appeal as a financial hub. WHY IT’S IMPORTANT Riyadh has been looking to attract more …

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Exelon beats first-quarter profit estimates on higher electricity rates

1 May 2025 1 May 2025

(Reuters) -U.S. utility Exelon surpassed Wall Street estimates for first-quarter profit on Thursday, helped by higher electricity rates. U.S. utilities, including Exelon, have been seeking to raise customer power bills to improve infrastructure, as the nation’s electrical grids face extreme weather and rising demand due to industrial electrification and the expansion of data centers used …

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Hershey posts robust quarterly results on North America snacks demand

1 May 2025 1 May 2025

(Reuters) -Hershey posted a smaller-than-expected drop in sales for the first quarter and beat profit estimates on Thursday, helped by steady demand for its salty snacks business in North America. Sales in Hershey’s North America snack business, home to Dot’s pretzels and SkinnyPop popcorn, got a boost as the company reduced prices after several quarters …

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Medical device maker Becton Dickinson cuts 2025 profit forecast on potential tariff hit

1 May 2025 1 May 2025

(Reuters) -Medical device maker Becton Dickinson lowered its annual profit forecast on Thursday, in anticipation of a potential hit from U.S. President Donald Trump’s tariffs, sending its shares down 5% in premarket trading. The manufacturer and distributor of medical and surgical products also said it intends to invest $2.5 billion in U.S. manufacturing capacity over …

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US announced job cuts decline in April, recruitment firm Challenger says

1 May 2025 1 May 2025

WASHINGTON (Reuters) -Layoffs announced by U.S. employers dropped in April, but companies remained resistant to boost hiring amid an uncertain economic outlook because of tariffs. Global outplacement firm Challenger, Gray & Christmas said on Thursday that planned job cuts fell 62% to 105,441 last month. Layoffs were, however, 63% higher compared to last year and …

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Quanta beats quarterly profit estimates, raises annual profit forecast

1 May 2025 1 May 2025

(Reuters) -Energy contractor Quanta Services beat first-quarter profit estimates and raised its annual forecast on Thursday, aided by sustained strength in demand for its infrastructure services. The ongoing power grid modernization and electrification in the U.S. and construction of data centers due to the AI boom is helping infrastructure service providers. Quanta also stands to …

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Carrier Global beats quarterly profit estimate, raises 2025 forecast amid strong HVAC demand

1 May 2025 1 May 2025

(Reuters) – Carrier Global beat the analysts’ estimate for first-quarter profit on Thursday, and raised its 2025 forecast, anticipating strong demand for its heating, ventilating and air conditioning (HVAC) products and aftermarket repair services. Increasing global temperatures fueled by climate change and rising levels of air pollution have aided demand for air conditioners and air …

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