By Jason Lange WASHINGTON (Reuters) – About half of U.S. Democrats say President Joe Biden should not seek re-election next year and that he is too old to run, a worrisome sign for the 80-year-old, a Reuters/Ipsos poll found. The three-day opinion poll completed on Monday, a day before he announced his re-election bid, showed…
(Reuters) – Kimberly-Clark Corp raised its full-year profit forecast on Tuesday as consistent price hikes helped the company post better-than-expected sales in the first quarter, despite weak volumes across all its segments. Like several other consumer goods companies, Kimberly-Clark has been bumping up the prices of its products to offset spiraling costs associated with labor,…
By Natalia A. Ramos Miranda SANTIAGO (Reuters) – After their pick-up truck was stolen at gunpoint outside their home in Santiago last June, Javiera Castillo and her partner began learning how to shoot a pistol to prevent future encounters. Castillo, 23, a student and small-business owner who lives in the middle-class neighborhood of Maipu in…
By Noele Illien and Stefania Spezzati ZURICH (Reuters) – UBS said on Tuesday it had set aside more money to draw a line under its involvement in toxic U.S. mortgages, halving its first-quarter profit as the bank girds itself for the “hard” task of swallowing fallen rival Credit Suisse. Sergio Ermotti, brought back as UBS…
(Reuters) – Wealth manager Northern Trust Corp reported lower-than-expected first-quarter profit on Tuesday, as lower asset management fees dragged down gains from higher interest rates. The results come close on the heels of two of the biggest bank failures in U.S. history that dampened hopes of an economic recovery and shook global markets. Market volatility…
(Adds dropped letter, paragraph 23) By Noele Illien and Stefania Spezzati ZURICH (Reuters) -UBS said on Tuesday it had set aside more money to draw a line under its involvement in toxic U.S. mortgages, halving its first-quarter profit as the bank girds itself for the “hard” task of swallowing fallen rival Credit Suisse. Sergio Ermotti,…
(Reuters) – JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and international travel. Shares of the airline rose 2.64% in premarket trade after it reported a smaller-than-expected quarterly loss. The New-York based carrier maintained an optimal low-cost structure, while adding new…
By Supantha Mukherjee STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by the music streaming company’s expansion into more markets, it said on Tuesday, sending its shares up 5%. The number of monthly active users rose to 515 million in the first quarter,…
(Reuters) – U.S. homebuilder PulteGroup Inc on Tuesday beat Wall Street estimates for first-quarter profit and revenue as home prices stayed elevated amid limited supply. A shortage of homebuilding supplies had affected the availability of new homes, cushioning prices from the impact of sky-high interest rates that curbed the spending power of potential buyers. Still,…
(This April 24 story has been corrected to fix the spelling of a name to Mahmood, not Mahmoud, in section 4) By Naomi Rovnick, Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – As calm returns to markets roiled by banking havoc in March, it’s time to reflect on the policy response. The International Monetary Fund…
