Ferrari sees strong second quarter as Purosangue deliveries start
MILAN (Reuters) -Ferrari on Thursday produced a bigger than expected 27% rise in first-quarter core profit and forecast a strong…
Business
HF Sinclair’s bid for Holly Energy overshadows profit beat, shares down
By Sourasis Bose (Reuters) -U.S. refiner HF Sinclair Corp beat estimates for first-quarter profit on Thursday and said it had…
Royal Caribbean raises profit forecast buoyed by travel boom, higher prices
By Deborah Mary Sophia (Reuters) – Royal Caribbean Group raised its annual profit forecast after upbeat quarterly results on Thursday,…
Peloton shares nosedive after wider loss, dour membership forecast
By Kannaki Deka (Reuters) -Peloton Interactive Inc reported a wider-than-expected quarterly loss and warned it expects to sign up fewer…
Shopify soars on return to core business, surprise profit
By Chavi Mehta (Reuters) – Shopify Inc on Thursday posted a surprise first-quarter profit and announced plans to lay off…
Treasury: US banks have ‘substantial’ liquidity, deposit flows are stable
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday said it was continuing to monitor market developments amid sharp drops…
US jobs market softening; slumping productivity boosts labor costs
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for jobless benefits increased last week as…
Albemarle aims to use new lithium tech in Chile as govt broadens control
By Ernest Scheyder (Reuters) – Albemarle Corp plans to deploy new lithium filtration technologies in Chile as the government moves…
US retailers cut most number of jobs in April -report
(Reuters) -U.S. retailers replaced technology firms in cutting the most number of jobs in April, as companies show little signs…
TD pulls $13.4 billion First Horizon purchase, leaves U.S. bank in limbo
By Nivedita Balu and Niket Nishant (Reuters) – Canada’s Toronto-Dominion Bank Group on Thursday called off its $13.4 billion takeover…