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Block Inc logo is seen displayed in this illustration taken, April 10, 2023.

Block's first-quarter profit jumps on resilient consumer spending

Reuters |Updated 5 minutes ago |1 min read

(Reuters) - Jack Dorsey-led Block posted a jump in first-quarter profit on Thursday as the payments firm benefited from resilient consumer spending and its own cost cuts. Adjusted net income rose to $542.9 million, or 85 cents per share, in the ...

The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. Picture taken December 15, 2017.

EOG Resources beats first-quarter profit estimates

Reuters |Updated 5 minutes ago |1 min read

(Reuters) - EOG Resources beat first-quarter profit estimates on Thursday as the oil and gas firm benefited from higher oil production. The company reported an adjusted profit of $2.82 per share for the quarter ended March 31, compared with ...

A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023.

Coinbase posts soaring profit on jump in crypto prices

Reuters |Updated 2 minutes ago |1 min read

(Reuters) - Coinbase Global posted a sizable jump in profit in the first-quarter, helped by an uptick in cryptocurrency trading following the launch of the first U.S. spot bitcoin exchange-traded funds in January. The company on Thursday reported ...

The Toronto Dominion (TD) bank logo is seen on a building in Toronto, Ontario, Canada March 16, 2017.

TD Bank probe tied to laundering of illicit fentanyl profits, WSJ reports

Reuters |Updated 2 minutes ago |1 min read

(Reuters) - A U.S. Department of Justice (DoJ) investigation into TD Bank is focused on how Chinese drug traffickers and crime groups used the Canada's second-largest lender to launder their money from fentanyl sales, the Wall Street Journal ...

An Amgen sign is seen at the company's headquarters in Thousand Oaks, California, U.S., November 6, 2019.

Amgen first-quarter profit dips 1%, revenue rises 22%

Deena Beasley |Updated 2 minutes ago |2 min read

By Deena Beasley (Reuters) - Amgen reported a slightly lower first-quarter profit on Thursday, citing higher operating and interest expense from its recent acquisition of rare disease drugmaker Horizon Therapeutics, partially offset by ...

Employees work at headquarters MercadoLibre (Online marketplace company) in Sao Paulo, Brazil, July 10, 2017.

MercadoLibre net profit surges, driven by Brazil, Mexico

Reuters |Updated 1 hour ago |2 min read

SAO PAULO (Reuters) - Latin America e-commerce giant MercadoLibre said on Thursday its first-quarter net profit surged 71% from a year earlier, beating analysts' estimates as its performance in Brazil and Mexico offset some negative effects in ...

The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017.REUTERS/Rick Wilking/File Photo

Exclusive-Buyout firm Sycamore vies to take Nordstrom private, sources say

Anirban Sen |Updated 4 minutes ago |1 min read

By Anirban Sen NEW YORK (Reuters) - Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people familiar with the matter. Nordstrom said last month that ...

SaltWire

Citadel's flagship fund rose 2% in April, defying market turmoil

Carolina Mandl |Updated 4 minutes ago |1 min read

By Carolina Mandl NEW YORK (Reuters) - Citadel's flagship fund, Wellington, rose 2% in April, overcoming a month of pain for the S&P 500, a source familiar with the matter said. Sticky inflation data unveiled in April spread fears that the ...

The Treasury Department is pictured in Washington, U.S., April 25, 2021.

US high yield spreads still tight despite pick-up in distress

Matt Tracy |Updated 1 hour ago |2 min read

By Matt Tracy (Reuters) - Spreads on U.S. high yield bonds, or the premium companies pay over U.S. Treasuries, remain tight despite a pick-up in distress within the asset class, as investors see the majority of issuers weathering ...

SaltWire

Hedge fund Exodus Point quarter-end performance lifted by basis trade, letter says

Nell Mackenzie |Updated 1 hour ago |2 min read

By Nell Mackenzie LONDON (Reuters) - Hedge fund Exodus Point was up about 2% for the year to the end of March, according to a letter it sent to investors, benefiting from a bond market basis-trade that has regulators worried about financial ...

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