(In 2nd paragraph, company corrects to read “$2.8 billion, 21 times,” not “$2.7 billion, more than 25 times.”) (Reuters) -Robinhood Markets Inc on Tuesday highlighted steps it had taken over the past year to avoid imposing trading restrictions and said it was in a “strong position” to support customers through unlikely market events. The online…
(Reuters) -Levi Strauss & Co forecast full-year sales and profit above Wall Street estimates on Wednesday, encouraged by higher prices and robust demand for the denim maker’s jeans and jackets with more people stepping out of their homes. Shares in the company, which also topped market expectations for fourth-quarter results, rose about 2% in extended…
DETROIT (AP) — Tesla Inc. on Wednesday posted record fourth-quarter and full-year earnings as deliveries of its electric vehicles soared despite a global shortage of computer chips that has slowed the entire auto industry. Although the company predicted it would be able to build 50% more vehicles than it made last year, CEO Elon Musk…
(Reuters) – Chevron Corp on Wednesday raised its quarterly dividend by 8 cents to $1.42 per share as prices for oil and gas tick up on the back of rebound in fuel demand. (Reporting by Rithika Krishna in Bengaluru; Editing by Vinay Dwivedi)
(Reuters) – Levi Strauss & Co beat market estimates for quarterly revenue on Wednesday, as the denim maker benefited from strong demand for its jeans, tops and jackets with more people stepping out of their homes following widespread vaccinations. Net revenue rose to $1.69 billion in the fourth quarter ended Nov. 28 from $1.39 billion…
WASHINGTON (AP) — Will mortgage rates go up? How about car loans? Credit cards? How about those nearly invisible rates on bank CDs — any chance of getting a few dollars more? With the Federal Reserve signaling Wednesday that it will begin raising its benchmark interest rate as soon as March — and probably a…
NEW YORK (Reuters) – The Federal Reserve on Wednesday signaled it is likely to raise U.S. interest rates in March and reaffirmed plans to end its bond purchases that month before launching a significant reduction in its asset holdings. The combined moves will complete a pivot away from the loose monetary policy that has defined…
By Herbert Lash NEW YORK (Reuters) – The dollar rose to a three-week on Wednesday after the Federal Reserve signaled that it is likely to raise U.S. interest rates in March as expected and later launch a significant reduction in its asset holdings. The combined moves will complete a pivot away from the loose U.S….
MILAN (Reuters) – Defence and aerospace group Leonardo said on Wednesday it had not taken a formal decision about a sale of a business line at its DRS division. Bloomberg reported on Wednesday that Leonardo was considering options for its Global Enterprise Solutions business, including a sale. It could be worth up to $400 million,…
By Sabrina Valle HOUSTON (Reuters) – Shares of U.S. oil major Chevron Corp on Wednesday hit an all-time high amid a strong stock market rally and ahead of the release of Chevron’s fourth-quarter financial results Friday. Shares of most major producers rose after oil touched $90 a barrel for the first time in seven years…
