By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas (LNG) production rose. The company said it will buy back a further $3.5 billion of its shares over the next three months, at…
(Reuters) – Qualcomm shares climbed about 10% to a more than two-year high on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, following a years-long slump. Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there…
By James Oliphant WASHINGTON (Reuters) – Donald Trump said he may not accept the 2024 election results in Wisconsin, a key battleground state in his matchup with President Joe Biden, leaving open the possibility of post-election turmoil. In an interview with the Milwaukee Journal Sentinel on Wednesday, Trump said that if he does not believe…
(Reuters) -Rivian Automotive said on Thursday it has received $827 million in an incentive package from the State of Illinois to expand operations at its Normal facility. The Irvine, California-based company’s shares rose nearly 10% in afternoon trade after having lost more than 60% of their value this year, as of Wednesday’s close. The Illinois…
