Featured Reuters
Block's first-quarter profit jumps on resilient consumer spending
(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 ...
EOG Resources beats first-quarter profit estimates
(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 ...
Coinbase posts soaring profit on jump in crypto prices
(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 ...
TD Bank probe tied to laundering of illicit fentanyl profits, WSJ reports
(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 ...
Amgen first-quarter profit dips 1%, revenue rises 22%
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 ...
MercadoLibre net profit surges, driven by Brazil, Mexico
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 ...
Exclusive-Buyout firm Sycamore vies to take Nordstrom private, sources say
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 ...
Citadel's flagship fund rose 2% in April, defying market turmoil
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 ...
US high yield spreads still tight despite pick-up in distress
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 ...
Hedge fund Exodus Point quarter-end performance lifted by basis trade, letter says
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 ...