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Alphabet logo is seen near computer motherboard in this illustration taken January 8, 2024.

Google parent Alphabet reclaims spot in $2 trillion valuation club

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. The stock was last ...

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Charter Communications reports higher-than-expected broadband subscriber losses

Reuters |Updated just now |1 min read

(Reuters) - Charter Communications posted larger-than-expected broadband subscriber losses and missed estimates for first-quarter profit on Friday, sending its shares down 3.4% before the bell. The broadband market continues to see slowing growth ...

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013.

Fed seen on track for Sept start to US rate cuts

Reuters |Updated 8 minutes ago |2 min read

(Reuters) -U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate reductions starting later this year. That ...

A man waits for customers next to his makeshift tent around Times Square, in New York, U.S., December 25, 2023.

US inflation rises in line with expectations; consumer spending strong

Reuters |Updated 8 minutes ago |3 min read

By Lucia Mutikani WASHINGTON (Reuters) -U.S. monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while. The report from the Commerce ...

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021.

Futures extend gains after March PCE data

Reuters |Updated 2 hours ago |1 min read

(Reuters) - U.S. stock index futures extended gains on Friday, as fresh evidence of progress on the inflation front reignited hopes that the Federal Reserve could cut interest rates sometime this year. The personal consumption expenditures (PCE) ...

The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019.

TSX opens higher on materials boost

Reuters |Updated just now |1 min read

(Reuters) - Canada's main stock index opened higher on Friday, lifted by materials stocks tracking higher commodity prices, while upbeat megacap earnings on Wall Street boosted investor sentiment. At 9:30 a.m. ET (13:30 GMT), the Toronto Stock ...

Employees of HCLTech walk inside the office premises on the outskirts of Lucknow, India, March 20, 2024.

India's HCLTech revenue tad lower than view, CEO signals persistent macro overhang

Reuters |Updated 2 minutes ago |2 min read

By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -HCLTech, India's No. 3 IT services player, reported smaller-than-expected fourth-quarter revenue on Friday, even as the company said it expected the current macroeconomic volatility ...

The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, U.S., May 5, 2019.

LyondellBasell beats Q1 profit view, expects seasonal demand boost

Reuters |Updated 2 hours ago |2 min read

(Reuters) - Petrochemical manufacturer LyondellBasell said on Friday it expects seasonal demand improvements across most of its units in the current quarter after it beat first-quarter profit estimates. The chemical maker said low costs for ...

The logo of T. Rowe Price Group is pictured at its office in Tokyo, Japan, January 13, 2017.

T Rowe's quarterly profit beats estimates on tailwinds from market rally

Reuters |Updated 2 hours ago |2 min read

(Reuters) - T Rowe Price's first-quarter profit beat expectations as an upswing in markets boosted its assets under management and softened the hit from outflows, it said on Friday. Asset managers have seen money leave their funds as high ...

SaltWire

Imperial Oil gets Q1 boost from higher production; refining throughput weighs

Reuters |Updated 42 minutes ago |2 min read

(Reuters) -Canada's Imperial Oil saw higher profit in its first quarter on Friday as the integrated oil firm was helped by robust production, but saw maintenance activities weighing on its throughput volumes. Refining margins have eased from sky-high ...

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