By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. As world markets tread water ahead of U.S. mega-tech earnings and the Bank of Japan meeting this week, investors on Tuesday will have one eye on the first estimate of South Korean GDP growth in the first quarter…
(Reuters) – Whirlpool Corp on Monday reported better-than-expected results for the first quarter, mainly on the back of strong demand for its refrigerators and washing machines in North America – its largest market. Whirlpool, like many consumer products makers, has had to raise prices to combat higher raw material costs and supply chain pressures. These…
By Allison Lampert and Ismail Shakil MONTREAL (Reuters) -Airlines will have to compensate passengers for major service disruptions except in limited cases under proposed legislation, Canada’s transport minister said on Monday as air-travel complaints in the country hit record levels. Passenger complaints against airlines in Canada and other countries over lengthy delays or flight cancellations…
By Tom Polansek CHICAGO (Reuters) – Tyson Foods Inc is diverting pigs from a Nebraska processing plant after a weekend fire kept the facility closed on Monday, the company and fire officials said. Shipping pigs to other plants seeks to avoid disruptions to U.S. pork production and backing up hogs on farms while Tyson works…
By Deborah Mary Sophia and Bansari Mayur Kamdar (Reuters) -Shares of Bed Bath & Beyond Inc plunged about 25% on Monday after the home goods retailer’s long fight to save its business ended in bankruptcy. The once high-flying company filed for bankruptcy protection on Sunday and said it had launched a liquidation sale after failing…
By Tatiana Bautzer NEW YORK (Reuters) -Climate protesters spray painted graffiti on Citigroup Inc and Bank of America Corp. offices in New York’s Bryant Park on Monday, accusing the banks of being “climate criminals” a day before the lenders are scheduled to hold their annual shareholder meetings. “The largest banks in the world invest hundreds…
By Stephen Nellis (Reuters) -A U.S. appeals court on Monday upheld a federal court’s order that could force Apple Inc to change payment practices in its App Store. Apple said it may appeal the decision. The U.S. 9th Circuit Court of Appeal upheld a 2021 order in an antitrust case brought by “Fortnite” creator Epic…
By Michelle Nichols UNITED NATIONS (Reuters) -U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin a “way forward aimed at the improvement, extension and expansion” of a deal allowing the safe Black Sea export of Ukrainian grain, a U.N. spokesperson said on Monday. Guterres outlined his proposal in a letter that he asked…
By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans. Tesla Inc finished down 1.5% after the automaker raised…
By Stephen Culp NEW YORK (Reuters) – Wall Street shuffled to a mixed close on Monday, with interest rate-sensitive momentum shares weighing on the Nasdaq and U.S. Treasury yields dipping as investors braced for a week of high-profile quarterly earnings and closely watched economic data. The benchmark S&P 500 and the Dow ended the session…
