By Ernest Scheyder (Reuters) -Lithium producer Livent Corp boosted its annual forecast on Tuesday after reporting better-than-expected quarterly profit, a bullish outlook fueled by rising prices and demand for the metal used to make electric vehicle batteries. Shares of the Philadelphia-based company, which has deals to supply the battery metal to General Motors Co, Tesla…
(Reuters) – Simon Property Group Inc’s first-quarter revenue beat market expectations on Tuesday, benefiting from a strong leasing demand after pandemic-induced store closures. Despite growing fears of a recession in the United States, mall operators are seeing a rise in leasing demand from tenants occupying mall spaces to cater to customers. “Tenant demand is excellent,…
By Nandita Bose and David Shepardson WASHINGTON (Reuters) -The chief executives of Alphabet Inc’s Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top administration officials to discuss key artificial intelligence (AI) issues on Thursday, said a White House official. The invitation seen by Reuters to the CEOs noted President Joe…
(Reuters) -Prudential Financial Inc reported a lower-than-expected quarterly profit on Tuesday, as the life insurer saw a decline in assets under management. The respite in the economy after the markets priced in a milder recession was short-lived as a string of high-profile bank collapses sparked a sector-wide turbulence last month and roiled financial stocks. As…
By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is “extremely strong” but added he expects more volatility as market participants assess the health of financial institutions. “Talking about regional banks as one – it just makes absolutely no sense,”…
(This May 1 story has been refiled to say ‘call’ in the headline) ASUNCION (Reuters) – Supporters of a right-wing candidate who came third in Paraguay’s presidential election clashed with police outside the electoral court on Monday, amid complaints of fraud in a vote that the ruling Colorado Party won comfortably. Police put up fences…
By Akash Sriram (Reuters) -Match Group on Tuesday forecast second-quarter revenue below analysts’ expectations, but said it is seeing signs of growth at Tinder after it made changes at the dating platform. Tinder has undergone changes to product and marketing execution and though those optimizations are not visible yet in the financial results, it is…
By Anirban Sen NEW YORK (Reuters) – Goldman Sachs Group Inc has promoted Troy Broderick to be the new chief operating officer of its global mergers and acquisitions business, according to an internal memo seen by Reuters. Broderick, who currently leads Goldman’s global M&A capital markets business, will continue to hold his current position in…
By Sinéad Carew NEW YORK (Reuters) – Wall Street stock indexes closed lower on Tuesday, a day ahead of the Federal Reserve’s interest rate decision, while U.S. Treasury yields fell as investors worried the government could run out of cash after June 1 without a debt ceiling hike. Bank stocks underperformed sharply after the weekend…
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -The chief executives of Alphabet Inc’s Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top White House officials to discuss key artificial intelligence (AI) issues on Thursday, said a White House official on Tuesday. The invitation obtained by Reuters to the CEOs…
