By Nivedita Balu and Akash Sriram (Reuters) -Tesla Inc’s shares fell about 7% on Thursday, after Chief Executive Elon Musk and team’s four-hour presentation failed to impress investors looking out for an announcement on an affordable electric car and a plan with a concrete timeline. Musk and more than a dozen executives laid out fresh…
(Reuters) -Kroger Co forecast annual profit above Wall Street estimates on Thursday, as the supermarket chain benefits from higher prices, easing cost pressures and steady demand for its groceries and other essentials. Shares of Kroger, which has inked a $25 billion deal to buy smaller rival Albertsons Companies Inc, climbed about 3% in premarket trading….
(Reuters) – Toronto-Dominion Bank on Thursday posted higher quarterly profit, lifted by strong performance in its Personal and Commercial Banking business in Canada. The lender’s adjusted net income was C$4.2 billion ($3.09 billion), or C$2.23 per share, in the three months ended Jan. 31, compared with C$3.8 billion, or C$2.08 per share, a year earlier….
FRANKFURT (Reuters) – Euro zone inflation fell less than expected last month and underlying price growth surged, reinforcing the case for the European Central Bank to keep raising interest rates at a brisk pace, data from Eurostat showed on Thursday. Consumer price inflation in the 20 countries sharing the euro currency eased to 8.5% in…
MADRID (Reuters) – A joint venture between the U.S. unit of Spanish engineering group ACS and Philadelphia-based Yates Construction has won a contract to build an electric vehicle (EV) battery plant in Kansas as part of a $4 billion investment by Japan’s Panasonic group, the companies said on Wednesday. The EV battery factory in the…
LONDON (Reuters) -London Stock Exchange Group reported slightly stronger than expected 2022 income on Thursday, and hailed its integration of Refinitiv as a success as it announced plans to buy back more of its shares. LSEG said it would seek shareholder consent to buy more of its own stock from the Blackstone and Thomson Reuters…
(Reuters) – Netflix’s video streaming services were down for thousands of users on Thursday, according to outage-tracking website Downdetector.com. There were around 1,800 reports on Downdetector, which collates status reports from a number of sources. About 55% of the users reported issues with the website, according to Downdetector. Netflix did not immediately respond to a…
BRUSSELS (Reuters) – Anheuser-Busch InBev, the world’s largest brewer, expanded its profit by slightly more than expected in the fourth-quarter despite selling less beer, notably in North America and Asia. Globally, the maker of Budweiser, Corona and Stella Artois said on Thursday that its drinks volumes fell by 0.6% in the final quarter of 2022,…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. Asian markets had thought to bask in the glow from Wednesday’s radiant PMI data from China, and the region in general. Taiwan, Thailand and Vietnam all enjoyed a pick-up in activity, while JPMorgan’s global manufacturing PMI rose nearly 2…
By Tom Westbrook SINGAPORE (Reuters) – The dollar caught its breath in Asia on Thursday, steadying as U.S. yields went up while investors waited on European inflation data, after nasty surprises in Germany, France and Spain have given a boost to the euro this week. The dollar lost 0.9% on the euro on Wednesday, its…
