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Cyber attack shuts down top U.S. pipeline network

Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack that industry sources said was caused by ransomware.

Top U.S. fuel pipeline operator Colonial Pipeline has shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack that industry sources said was caused by ransomware.

Week ahead: Disney results, inflation in focus

Quarterly results from Walt Disney and Airbnb and the release of U.S. inflation data for April are some of the key potential market-moving events for the week of May 10th. Conway G. Gittens has the look ahead.

Quarterly results from Walt Disney and Airbnb and the release of U.S. inflation data for April are some of the key potential market-moving events for the week of May 10th. Conway G. Gittens has the look ahead.

Adidas shrugs off China worries, raises outlook

Adidas raised its sales outlook for 2021 on Friday, shrugging off worries over Chinese calls to boycott its products.

Adidas raised its sales outlook for 2021 on Friday, shrugging off worries over Chinese calls to boycott its products.

Biden says the economic 'climb is steep'

After a disappointing jobs report, President Joe Biden on Friday said there was a "long way to go" before the U.S. economy recovers from a pandemic-spurred slump and said the American Rescue Plan is helping to bring the economy back. This report prod

After a disappointing jobs report, President Joe Biden on Friday said there was a "long way to go" before the U.S. economy recovers from a pandemic-spurred slump and said the American Rescue Plan is helping to bring the economy back. This report prod

Biden pushes infrastructure plan in U.S. South

Democratic President Joe Biden on Thursday visited the Gulf Coast state of Louisiana, which has backed Republicans in U.S. elections for the past two decades, to tout his plans to invest in water and storm projects in cities that have been battered b

Democratic President Joe Biden on Thursday visited the Gulf Coast state of Louisiana, which has backed Republicans in U.S. elections for the past two decades, to tout his plans to invest in water and storm projects in cities that have been battered b

Dow climbs to record high

The Dow closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.

The Dow closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.

Norwegian Cruise warns U.S. return in jeopardy

Norwegian Cruise Line Holdings said its plans for resuming mid-summer U.S. sailings could be in jeopardy, a day after the U.S. Centers for Disease Control and Prevention laid out new guidelines for the cruise industry. Conway G. Gittens has more.

Norwegian Cruise Line Holdings said its plans for resuming mid-summer U.S. sailings could be in jeopardy, a day after the U.S. Centers for Disease Control and Prevention laid out new guidelines for the cruise industry. Conway G. Gittens has more.

Stocks can rally through year end -strategist

As the Dow hits another record high, Crossmark Global Investments' Veronica Fernandez tells Reuters' Fred Katayama about the tailwinds that she sees driving stocks higher. She also makes the case for buying Mastercard and Visa.

As the Dow hits another record high, Crossmark Global Investments' Veronica Fernandez tells Reuters' Fred Katayama about the tailwinds that she sees driving stocks higher. She also makes the case for buying Mastercard and Visa.

World’s first electric boat high-speed charger

The sale of electric cars in Norway has overtaken those powered by petrol, diesel and hybrid engines. Now, companies are turning their attention to boats, as the world's first rapid charger for electric boats opened on Wednesday.

The sale of electric cars in Norway has overtaken those powered by petrol, diesel and hybrid engines. Now, companies are turning their attention to boats, as the world's first rapid charger for electric boats opened on Wednesday.

EU 'ready to discuss' COVID vaccine patent waiver

The European Union is willing to discuss a proposal, now backed by the United States, to waive intellectual property rights for COVID-19 vaccines, European Commission president Ursula von der Leyen said on Thursday.

The European Union is willing to discuss a proposal, now backed by the United States, to waive intellectual property rights for COVID-19 vaccines, European Commission president Ursula von der Leyen said on Thursday.

Moderna posts profit for first time

Moderna recorded a profit for the first time and raised its 2021 sales forecast for its COVID-19 shots.

Moderna recorded a profit for the first time and raised its 2021 sales forecast for its COVID-19 shots.

New US jobless claims break below 500K

Initial claims for state unemployment benefits tumbled to a seasonally adjusted 498,000 for the week ended May 1, the Labor Department said on Thursday, marking the lowest reading in 13 months. Conway G.

Initial claims for state unemployment benefits tumbled to a seasonally adjusted 498,000 for the week ended May 1, the Labor Department said on Thursday, marking the lowest reading in 13 months. Conway G.

ArcelorMittal reports roaring start to the year

ArcelorMittal, the world's largest steelmaker, reported higher than expected first-quarter earnings on Thursday after what it said was its strongest quarter in a decade. Ciara Lee reports

ArcelorMittal, the world's largest steelmaker, reported higher than expected first-quarter earnings on Thursday after what it said was its strongest quarter in a decade. Ciara Lee reports

Nintendo sees Switch sales passing peak

Nintendo has signalled that sales of its Switch console are likely to have peaked after five years on sale and following a lockdown-driven boom.

Nintendo has signalled that sales of its Switch console are likely to have peaked after five years on sale and following a lockdown-driven boom.

Tesla to allow Chinese car owners access to data

U.S. electric-vehicle maker Tesla said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles. Ciara Lee reports

U.S. electric-vehicle maker Tesla said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles. Ciara Lee reports

SpaceX's Starship makes first successful landing

SpaceX achieved the first successful touchdown of its prototype Starship rocket during the latest test flight of the next-generation launch vehicle in south Texas on Wednesday, after four previous landing attempts ended in explosions.

SpaceX achieved the first successful touchdown of its prototype Starship rocket during the latest test flight of the next-generation launch vehicle in south Texas on Wednesday, after four previous landing attempts ended in explosions.

VW lifts profit goal on strong premium car demand

Volkswagen Group has lifted its target profit margin for the year, saying demand for premium brands like Audi and Porsche is proving strong.

Volkswagen Group has lifted its target profit margin for the year, saying demand for premium brands like Audi and Porsche is proving strong.

Tencent 'in talks' to keep U.S. gaming investments

Tencent is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes in U.S. video game developers, according to people familiar with the matter.

Tencent is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes in U.S. video game developers, according to people familiar with the matter.

Dow ends at record high, Nasdaq falls

The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped. This report produced by Yahaira Jacquez.

The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped. This report produced by Yahaira Jacquez.

Jessica Alba's Honest Co shines in market debut

Shares of Hollywood star Jessica Alba's Honest Co traded sharply higher in their Nasdaq debut on Wednesday, valuing the consumer goods company at around $2 billion. Conway G. Gittens takes a look at the IPO.

Shares of Hollywood star Jessica Alba's Honest Co traded sharply higher in their Nasdaq debut on Wednesday, valuing the consumer goods company at around $2 billion. Conway G. Gittens takes a look at the IPO.

Finding the value in value stocks -advisor

Value stocks have had a strong run this year, but The Wealth Alliance’s Eric Diton tells Reuters’ Fred Katayama investors can still pick up inexpensive cyclical stocks.

Value stocks have had a strong run this year, but The Wealth Alliance’s Eric Diton tells Reuters’ Fred Katayama investors can still pick up inexpensive cyclical stocks.

Peloton recalls treadmills after injuries,1 death

Peloton said on Wednesday it was recalling its Tread and Tread+ treadmills, reversing course after Chief Executive Officer John Foley earlier urged owners of its machines only to check safety warnings following the death of a child in an accident. Li

Peloton said on Wednesday it was recalling its Tread and Tread+ treadmills, reversing course after Chief Executive Officer John Foley earlier urged owners of its machines only to check safety warnings following the death of a child in an accident. Li

GM easily beats profit forecasts despite chip shortage

General Motors posted quarterly earnings which far exceeded analysts forecasts as the automaker devoted the chips it had to higher-profitable SUVs and trucks, which are selling with larger price tags. Conway G.

General Motors posted quarterly earnings which far exceeded analysts forecasts as the automaker devoted the chips it had to higher-profitable SUVs and trucks, which are selling with larger price tags. Conway G.

Biden rescinds Trump-era rule on gig workers

U.S. President Joe Biden's Labor Department on Wednesday rescinded a Trump-era rule that would have made it easier for U.S. businesses to classify workers as independent contractors instead of employees.

U.S. President Joe Biden's Labor Department on Wednesday rescinded a Trump-era rule that would have made it easier for U.S. businesses to classify workers as independent contractors instead of employees.

VW to EU: let's go even lower on emissions

Reuters sources say Volkswagen is quietly backing even more stringent EU emissions targets, betting it could cope better than smaller rivals.

Reuters sources say Volkswagen is quietly backing even more stringent EU emissions targets, betting it could cope better than smaller rivals.

Pandora takes a shine to lab-grown diamonds

Pandora, the jewelry maker best know for its silver charm bracelets, has announced it will stop selling mined diamonds and focus on more affordable, sustainable, lab-grown gems.

Pandora, the jewelry maker best know for its silver charm bracelets, has announced it will stop selling mined diamonds and focus on more affordable, sustainable, lab-grown gems.

Maersk: bottlenecks hit soaring cargo demand

Shipping giant Maersk says it enjoyed an 'exceptional' quarter thanks to soaring demand for cargo, but bottlenecks are hampering its ability to get goods moving.

Shipping giant Maersk says it enjoyed an 'exceptional' quarter thanks to soaring demand for cargo, but bottlenecks are hampering its ability to get goods moving.

Chip drought to hit harder at carmaker Stellantis

Car group Stellantis - the maker of Fiat, Citroen and other brands - says the global chip shortage could hit production more this quarter than in the first three months of the year.

Car group Stellantis - the maker of Fiat, Citroen and other brands - says the global chip shortage could hit production more this quarter than in the first three months of the year.

Nasdaq drops in tech sell-off

The Nasdaq ended sharply lower on Tuesday as investors dumped mega cap growth stocks amid concerns about rising interest rates and uncertainty over an upcoming jobs report.

The Nasdaq ended sharply lower on Tuesday as investors dumped mega cap growth stocks amid concerns about rising interest rates and uncertainty over an upcoming jobs report.

Meghan Markle's new book inspired by Harry, Archie

Meghan, Britain's Duchess of Sussex, will publish a children's book next month titled "The Bench" about the relationship between a father and son based on her husband Prince Harry and the couple's child Archie, the publisher said on Tuesday (May 4).

Meghan, Britain's Duchess of Sussex, will publish a children's book next month titled "The Bench" about the relationship between a father and son based on her husband Prince Harry and the couple's child Archie, the publisher said on Tuesday (May 4).

Bitcoin, ethereum get S&P cryptocurrency indexes

The S&P Dow Jones Indices launched new cryptocurrency indexes, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street. Conway G. Gittens has more.

The S&P Dow Jones Indices launched new cryptocurrency indexes, further mainstreaming digital currencies including bitcoin and ethereum by bringing them to the trading floors of Wall Street. Conway G. Gittens has more.

Rotation into value stocks will stick -analyst

As tech stocks sell off sharply Tuesday, DataTrek Research Co-Founder Nick Colas tells Reuters' Fred Katayama investors should bet on stocks that stand to gain from the reopening of the economy instead of increasing exposure to tech stocks.

As tech stocks sell off sharply Tuesday, DataTrek Research Co-Founder Nick Colas tells Reuters' Fred Katayama investors should bet on stocks that stand to gain from the reopening of the economy instead of increasing exposure to tech stocks.

When did that last recession end?

The U.S. board that declares when recessions begin and end hasn't yet finalized its view of the 2020 downturn. This report produced by Zachary Goelman.

The U.S. board that declares when recessions begin and end hasn't yet finalized its view of the 2020 downturn. This report produced by Zachary Goelman.

U.S. trade deficit soars to record high

The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.

The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.

Pfizer results, outlook boosted by vaccine demand

Demand for the Pfizer-BioNTech COVID-19 vaccine is so strong that Pfizer expects the product to make up more than one-third of this year's total companywide sales after quarterly results beat and it raised full-year guidance. Conway G.

Demand for the Pfizer-BioNTech COVID-19 vaccine is so strong that Pfizer expects the product to make up more than one-third of this year's total companywide sales after quarterly results beat and it raised full-year guidance. Conway G.

Ethiopia deploys blockchain in the classroom

The Ethiopian government is piloting blockchain in the education sector - saying the technology has a number of uses from locating exceptional students to verifying grades. Okwi Okoh has more.

The Ethiopian government is piloting blockchain in the education sector - saying the technology has a number of uses from locating exceptional students to verifying grades. Okwi Okoh has more.

UK factory activity growth fastest since 1994

British manufacturing activity grew at the fastest pace in almost 27 years last month, amid supply chain delays and shortages of raw materials, as businesses tried to make up for ground lost during the coronavirus pandemic.

British manufacturing activity grew at the fastest pace in almost 27 years last month, amid supply chain delays and shortages of raw materials, as businesses tried to make up for ground lost during the coronavirus pandemic.

Saudi Aramco beats quarterly profit forecast

State-run oil producer Saudi Aramco beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices. Ciara Lee reports

State-run oil producer Saudi Aramco beat analysts' forecasts on Tuesday with a 30% rise in first-quarter net profit and maintained its dividend payout, helped by strong oil prices. Ciara Lee reports

U.S. to authorize Pfizer vaccine for teens: NYT

The U.S. Food and Drug Administration is preparing to authorize Pfizer Inc and German partner BioNTech SE's COVID-19 vaccine for adolescents aged between 12 and 15 years by early next week, the New York Times reported on Monday, citing federal offici

The U.S. Food and Drug Administration is preparing to authorize Pfizer Inc and German partner BioNTech SE's COVID-19 vaccine for adolescents aged between 12 and 15 years by early next week, the New York Times reported on Monday, citing federal offici

Epic Games battles Apple at antitrust trial

The chief executive of "Fortnite" creator Epic Games testified on Monday that he knew he was breaking Apple Inc's App Store rules by putting Epic's own in-app payment system into the game last year but wanted to highlight Apple's sway over the world'

The chief executive of "Fortnite" creator Epic Games testified on Monday that he knew he was breaking Apple Inc's App Store rules by putting Epic's own in-app payment system into the game last year but wanted to highlight Apple's sway over the world'

Dow, S&P start May on the plus side

The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks.

The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks.

Facing scrutiny, Tesla engages China regulators

Electric vehicle maker Tesla, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources told Reuters. Conway G. Gittens ha

Electric vehicle maker Tesla, facing scrutiny in China over safety and customer service complaints, is boosting its engagement with mainland regulators and beefing up its government relations team, industry sources told Reuters. Conway G. Gittens ha

Hold, not sell, in May -portfolio manager

An old Wall Street adage says, "sell in May and go away." But Winthrop Capital Management's Adam Coons tells Reuters' Fred Katayama investors should hold onto their stocks for now.

An old Wall Street adage says, "sell in May and go away." But Winthrop Capital Management's Adam Coons tells Reuters' Fred Katayama investors should hold onto their stocks for now.

Robinhood vs. Warren Buffett

Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers.

Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers.

Facebook to announce decision on Trump ban

Facebook's independent oversight board will announce whether it will uphold or reverse a decision blocking former president Donald Trump from using the site. This report produced by Zachary Goelman.

Facebook's independent oversight board will announce whether it will uphold or reverse a decision blocking former president Donald Trump from using the site. This report produced by Zachary Goelman.

Verizon selling AOL,Yahoo unit for $5 bln

Verizon Communications is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world. Conway G.

Verizon Communications is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world. Conway G.

TSMC says can 'catch up' with chip demand by June

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) expects to be able to catch up with the "minimum requirement" of customer demand for auto chips by the end of June, its chairman told U.S. broadcaster CBS.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) expects to be able to catch up with the "minimum requirement" of customer demand for auto chips by the end of June, its chairman told U.S. broadcaster CBS.

Pfizer begins export of U.S.-made COVID vaccines

Pfizer Inc's shipment of COVID-19 vaccine to Mexico this week includes doses made in its U.S. plant, the first of what are expected to be ongoing exports of its shots from the United States, a source familiar with the matter told Reuters on Thursday.

Pfizer Inc's shipment of COVID-19 vaccine to Mexico this week includes doses made in its U.S. plant, the first of what are expected to be ongoing exports of its shots from the United States, a source familiar with the matter told Reuters on Thursday.

Vietnam's answer to Tesla has U.S. in sights

Move over Tesla, how about a VinFast? The automobile arm of Vietnam's largest conglomerate, Vingroup has its sights on the U.S. EV market. Ciara Lee reports

Move over Tesla, how about a VinFast? The automobile arm of Vietnam's largest conglomerate, Vingroup has its sights on the U.S. EV market. Ciara Lee reports

Wall Street falls, weighed down by Apple

Wall Street ended lower on Friday, with Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports.

Wall Street ended lower on Friday, with Apple, Alphabet and other tech-related companies weighing on the S&P 500 and Nasdaq despite recent strong quarterly earnings reports.

NZ Rugby okays sale of All Blacks brand stake

New Zealand Rugby is selling a stake in its commercial arm, including rights to the iconic All Blacks brand, to a U.S. private equity firm. But the deal doesn't sit well with some in the rugby-mad nation.

New Zealand Rugby is selling a stake in its commercial arm, including rights to the iconic All Blacks brand, to a U.S. private equity firm. But the deal doesn't sit well with some in the rugby-mad nation.

Amazon posts record profit, Twitter disappoints

Amazon and Twitter both reported earnings after the bell on Thursday. Amazon posted record profits from pandemic shopping, while Twitter shares fell after providing lower revenue guidance. This report produced by Yahaira Jacquez.

Amazon and Twitter both reported earnings after the bell on Thursday. Amazon posted record profits from pandemic shopping, while Twitter shares fell after providing lower revenue guidance. This report produced by Yahaira Jacquez.

Facebook fuels S&P to record high

The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report.

The S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report.

U.S. FDA proposes ban on menthol cigarettes

The U.S. Food and Drug Administration on Thursday proposed a ban on menthol cigarettes and flavored cigars, a long-awaited win for anti-smoking and civil rights groups but one that could erase a huge share of sales for the Big Tobacco. Freddie Joyner

The U.S. Food and Drug Administration on Thursday proposed a ban on menthol cigarettes and flavored cigars, a long-awaited win for anti-smoking and civil rights groups but one that could erase a huge share of sales for the Big Tobacco. Freddie Joyner

Royal Caribbean hopes to restart U.S. cruises in July

Royal Caribbean said on Thursday it was aiming to restart its U.S. cruises in July after the U.S. Centers for Disease Control and Prevention issued new measures to speed up approvals. This report produced by Yahaira Jacquez.

Royal Caribbean said on Thursday it was aiming to restart its U.S. cruises in July after the U.S. Centers for Disease Control and Prevention issued new measures to speed up approvals. This report produced by Yahaira Jacquez.

McDonald’s sales growth tops 2019 levels

McDonald's on Thursday beat Wall Street estimates for comparable sales and said it returned to pre-pandemic levels of sales growth.

McDonald's on Thursday beat Wall Street estimates for comparable sales and said it returned to pre-pandemic levels of sales growth.

U.S. economy gets boost from hefty federal aid

The U.S. economic recovery gathered strength in the first quarter, fueled by historic government stimulus to households and businesses. Conway G. Gittens has the details.

The U.S. economic recovery gathered strength in the first quarter, fueled by historic government stimulus to households and businesses. Conway G. Gittens has the details.

Lufthansa loses hope over summer travel rebound

Lufthansa has cut its capacity forecast for flights this year after hopes for a summer travel rebound dwindled.

Lufthansa has cut its capacity forecast for flights this year after hopes for a summer travel rebound dwindled.

Airbus sticks with plan to raise jet output

Airbus on Thursday confirmed plans to raise production of its most-sold jets as airlines begin an uneven recovery from the pandemic, despite setbacks in Europe and a rapidly worsening wave of infections in India. Ciara Lee reports

Airbus on Thursday confirmed plans to raise production of its most-sold jets as airlines begin an uneven recovery from the pandemic, despite setbacks in Europe and a rapidly worsening wave of infections in India. Ciara Lee reports

Home cooks help Unilever beat forecasts

A boom in home cooking and strong demand from China helped Unilever beat forecasts in the first quarter.

A boom in home cooking and strong demand from China helped Unilever beat forecasts in the first quarter.

Shell raises its dividend as profits surge

Royal Dutch Shell's profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned, but it warned that the outlook remained uncertain due to the coronavirus pandemic. Ciara Lee reports

Royal Dutch Shell's profits leapt to $3.23 billion in the first three months of the year and the energy company raised its dividend as planned, but it warned that the outlook remained uncertain due to the coronavirus pandemic. Ciara Lee reports

Verizon explores sale of Yahoo and AOL - WSJ

Verizon Communications Inc is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Verizon Communications Inc is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Apple, Facebook soar past earnings expectations

Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations as customers continued to upgrade to 5G iPhones, while Facebook Inc smashed analyst estimates for both quarterly revenue and profit.

Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations as customers continued to upgrade to 5G iPhones, while Facebook Inc smashed analyst estimates for both quarterly revenue and profit.

Wall Street ends lower after Fed holds rates steady

Stocks on Wall Street ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery.

Stocks on Wall Street ended lower on Wednesday after the U.S. Federal Reserve held interest rates and its monthly bond-buying program steady and gave no sign it was ready to reduce its support for the recovery.

Inflation won't be temporary -economist

The Federal Reserve again said it sees inflation as "transitory," but market economist Peter Cardillo of Spartan Capital Securities tells Reuters' Fred Katayama why inflation will stick. He believes the Fed may be forced to start tapering bond purcha

The Federal Reserve again said it sees inflation as "transitory," but market economist Peter Cardillo of Spartan Capital Securities tells Reuters' Fred Katayama why inflation will stick. He believes the Fed may be forced to start tapering bond purcha

Losses narrow at Boeing but problems persist

Beleaguered aerospace company Boeing posted a narrower quarterly loss as airplane orders start to recover along with air travel but the company is still plagued by a number of setbacks. Conway G.

Beleaguered aerospace company Boeing posted a narrower quarterly loss as airplane orders start to recover along with air travel but the company is still plagued by a number of setbacks. Conway G.

Spotify shares drop on muted outlook

Shares of Spotify Technology dropped sharply in early trading Wednesday after its subdued forecast for current quarter paid subscribers overshadowed upbeat first-quarter growth in countries such as the United States and India.

Shares of Spotify Technology dropped sharply in early trading Wednesday after its subdued forecast for current quarter paid subscribers overshadowed upbeat first-quarter growth in countries such as the United States and India.

GlaxoSmithKline closer to splitting in two

Drugs giant GlaxoSmithKline says it's making good progress on plans to split into two parts next year as part of moves by boss Emma Walmsley to deliver more value for shareholders.

Drugs giant GlaxoSmithKline says it's making good progress on plans to split into two parts next year as part of moves by boss Emma Walmsley to deliver more value for shareholders.

Can the Rhine's white gold power Germany's e-car race?

With an eye on rapidly rising demand from Germany's electric vehicle industry, power and mining companies alike are striving to bring to the surface lithium trapped in underground springs of boiling hot water thousands of meters below the Rhine river

With an eye on rapidly rising demand from Germany's electric vehicle industry, power and mining companies alike are striving to bring to the surface lithium trapped in underground springs of boiling hot water thousands of meters below the Rhine river

Deutsche Bank profit surge tops Wall St rivals

Deutsche Bank just enjoyed its best quarter since 2014, with profits driven higher by investment banking business that outperformed U.S. rivals.

Deutsche Bank just enjoyed its best quarter since 2014, with profits driven higher by investment banking business that outperformed U.S. rivals.

Huawei's revenue drops in 'challenging' year

China's Huawei Technologies saw revenue fall 16.5% in the first quarter compared to a year earlier, hurt by a dip in sales after selling its budget smartphone unit Honor in November.

China's Huawei Technologies saw revenue fall 16.5% in the first quarter compared to a year earlier, hurt by a dip in sales after selling its budget smartphone unit Honor in November.

Samsung's Lee family to pay over $10.8bln tax

The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than $10.8 billion in inheritance taxes for his estate and donate his vast private art collection to state curators.

The family of late Samsung Electronics chairman Lee Kun-hee said on Wednesday they will pay more than $10.8 billion in inheritance taxes for his estate and donate his vast private art collection to state curators.

Sony profit doubles, driven by gaming and movies

Sony profits surged in the fourth quarter, helped by strong demand for gaming, movies and other content for consumers stuck at home.

Sony profits surged in the fourth quarter, helped by strong demand for gaming, movies and other content for consumers stuck at home.

Alphabet sees record profit, $50 billion buyback

Google parent Alphabet Inc on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.

Google parent Alphabet Inc on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.

Wall Street ends mostly flat ahead of earnings wave

Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other tech heavyweights.

Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other tech heavyweights.

Stay away from big tech stocks -economist

As Microsoft and Alphabet kick off earnings season for Big Tech, Systematic Ventures' Max Wolff tells Reuters' Fred Katayama about risks not yet priced into the mega-cap tech names.

As Microsoft and Alphabet kick off earnings season for Big Tech, Systematic Ventures' Max Wolff tells Reuters' Fred Katayama about risks not yet priced into the mega-cap tech names.

JPMorgan to bring office workers back in July

JPMorgan Chase, America's largest bank, told employees in a memo to prepare to return to the office on a rotational basis starting in July. Conway G. Gittens has the details.

JPMorgan Chase, America's largest bank, told employees in a memo to prepare to return to the office on a rotational basis starting in July. Conway G. Gittens has the details.

Musk and Bezos collide over space

The space race between the world's two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos' attempt to challenge a major NASA contract.

The space race between the world's two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos' attempt to challenge a major NASA contract.

Kenya's guides get vaccines to boost tourism

Around 250 tour guides from Kenya's famed national parks lined up to receive COVID-19 vaccines on Tuesday, as part of a government drive to boost a tourism sector that lost $1bn in revenue after the pandemic hit. David Doyle has more.

Around 250 tour guides from Kenya's famed national parks lined up to receive COVID-19 vaccines on Tuesday, as part of a government drive to boost a tourism sector that lost $1bn in revenue after the pandemic hit. David Doyle has more.

UPS smashes forecasts on pandemic e-commerce boom

United Parcel Service easily exceeded quarterly sales and profit forecasts as online spending during the health crisis kept the world's biggest package delivery company busy. Conway G.

United Parcel Service easily exceeded quarterly sales and profit forecasts as online spending during the health crisis kept the world's biggest package delivery company busy. Conway G.

Toyota to buy Lyft self-driving unit for $550 mln

Toyota Motor Corp will acquire Lyft Inc's self-driving technology unit for $550 million, the companies said, as the Japanese firm steps up its automation ambitions. Ciara Lee reports

Toyota Motor Corp will acquire Lyft Inc's self-driving technology unit for $550 million, the companies said, as the Japanese firm steps up its automation ambitions. Ciara Lee reports

Eli Lilly profit misses on weaker drug demand

Profits fell short of forecasts at Eli Lilly as U.S. progress on vaccines cut demand for the firm's COVID-19 therapies.

Profits fell short of forecasts at Eli Lilly as U.S. progress on vaccines cut demand for the firm's COVID-19 therapies.

Novartis catches chill as masks keep flu at bay

Novartis saw profits slip in the latest quarter as mask wearing cut cases of flu and other diseases, sapping demand for some of its key products.

Novartis saw profits slip in the latest quarter as mask wearing cut cases of flu and other diseases, sapping demand for some of its key products.

HSBC profits soar, but Archegos hits UBS, Nomura

Profits are soaring at HSBC as vaccine rollouts lift the global economic outlook, but UBS and Nomura continue to suffer from the collapse of U.S. investment firm Archegos.

Profits are soaring at HSBC as vaccine rollouts lift the global economic outlook, but UBS and Nomura continue to suffer from the collapse of U.S. investment firm Archegos.

BP profit soars on strong oil, gas trading

BP's profit soared in the first quarter to $2.6 billion thanks to stronger oil prices and bumper revenue from natural gas trading as the energy company said it intends to resume share buybacks in the third quarter. Ciara Lee reports

BP's profit soared in the first quarter to $2.6 billion thanks to stronger oil prices and bumper revenue from natural gas trading as the energy company said it intends to resume share buybacks in the third quarter. Ciara Lee reports

Tesla beats quarterly revenue expectations

Electric carmaker Tesla marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and robust demand from China. This report produced by Yahaira Jacquez.

Electric carmaker Tesla marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and robust demand from China. This report produced by Yahaira Jacquez.

Record closing highs for S&P 500, Nasdaq

Enthusiasm for tech shares ahead of busy week for tech earnings pushed the Nasdaq and the S&P 500 to record closing highs. Conway G. Gittens has the market action.

Enthusiasm for tech shares ahead of busy week for tech earnings pushed the Nasdaq and the S&P 500 to record closing highs. Conway G. Gittens has the market action.

Supreme Court to hear major gun rights case

The U.S. Supreme Court took up an appeal by two gun owners and the National Rifle Association, an influential gun rights group closely aligned with Republicans, to New York state's restrictions on people carrying concealed handguns outside the home i

The U.S. Supreme Court took up an appeal by two gun owners and the National Rifle Association, an influential gun rights group closely aligned with Republicans, to New York state's restrictions on people carrying concealed handguns outside the home i

'Tesla is a sell, Elon Musk is a buy' -investor

Shares of Tesla are overpriced given the electric car maker's growing list of challenges including increased competition at home and abroad, Hilary Kramer of Kramer Capital told Reuters business correspondent Conway G.

Shares of Tesla are overpriced given the electric car maker's growing list of challenges including increased competition at home and abroad, Hilary Kramer of Kramer Capital told Reuters business correspondent Conway G.

Snap rallies as user growth, sales top forecasts

Shares of Snapchat parent Snap Inc. rallied Friday as investors cheered the social media app's latest quarterly results. Conway G. Gittens has more.

Shares of Snapchat parent Snap Inc. rallied Friday as investors cheered the social media app's latest quarterly results. Conway G. Gittens has more.

Mercedes-maker raises outlook, warns on chips

Mercedes-maker Daimler has raised its profit outlook for the year, but also warned that a global chip shortage will continue to hurt.

Mercedes-maker Daimler has raised its profit outlook for the year, but also warned that a global chip shortage will continue to hurt.

Jessica Alba's Honest Co plans U.S. IPO

Jessica Alba's Honest Co said on Monday it was aiming for a valuation of over $1.5 billion in its initial public offering in the United States. Conway G. Gittens has more.

Jessica Alba's Honest Co said on Monday it was aiming for a valuation of over $1.5 billion in its initial public offering in the United States. Conway G. Gittens has more.

Total declares force majeure on Mozambique project

French energy group Total has declared force majeure on a $20bn LNG project in Mozambique following attacks last month by Islamic State-linked insurgents on the gas town of Palma. Julian Satterthwaite has more.

French energy group Total has declared force majeure on a $20bn LNG project in Mozambique following attacks last month by Islamic State-linked insurgents on the gas town of Palma. Julian Satterthwaite has more.

Third wave, supply issues slow German recovery

German business morale improved only slightly in April as a third wave of COVID-19 infections and a semiconductor shortage in the motor vehicle sector slowed a recovery in Europe's largest economy, a survey showed on Monday. Ciara Lee reports

German business morale improved only slightly in April as a third wave of COVID-19 infections and a semiconductor shortage in the motor vehicle sector slowed a recovery in Europe's largest economy, a survey showed on Monday. Ciara Lee reports

Ethiopia finally opens up telecoms market

It's one of the world's last closed markets for mobile phones, but now Ethiopia finally looks set to open up its telecoms market to competition.

It's one of the world's last closed markets for mobile phones, but now Ethiopia finally looks set to open up its telecoms market to competition.

Hong Kong, Singapore travel bubble to open next month

A travel bubble between Hong Kong and Singapore is set to open on May 26 allowing for quarantine-free travel between two of Asia's biggest financial hubs.

A travel bubble between Hong Kong and Singapore is set to open on May 26 allowing for quarantine-free travel between two of Asia's biggest financial hubs.

Bars and restaurants reopen as Italy eases curbs

Overjoyed Italians finally get to have their cappuccino sitting down in Rome as Covid-19 restrictions loosen. Ciara Lee reports

Overjoyed Italians finally get to have their cappuccino sitting down in Rome as Covid-19 restrictions loosen. Ciara Lee reports

Pandemic sends profits soaring at Philips

Philips profits have jumped as the global pandemic drives soaring demand for medical equipment and personal health appliances.

Philips profits have jumped as the global pandemic drives soaring demand for medical equipment and personal health appliances.

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