Tech earnings to test markets’ ‘most crowded’ trade
By David Randall NEW YORK (Reuters) – A blistering rally in megacap growth and technology shares has buoyed markets this…
Business
Former investor questions Barclays vetting of ex-CEO over Epstein
LONDON (Reuters) – Former Barclays investor Edward Bramson on Friday questioned how the British bank and its chairman Nigel Higgins…
Amazon rallies after research firm predicts upbeat retail sales
By Noel Randewich and Akash Sriram (Reuters) – Amazon’s stock rallied to its highest in more than two months on…
BlackRock CEO Larry Fink sells 7% of his stake
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink sold nearly 7% of his stake in the asset management giant,…
UAW President: ‘No excuse’ for Detroit’s non-union EV operations
By Joseph White DETROIT (Reuters) -United Auto Workers union President Shawn Fain said on Friday there is “no excuse” for…
Oilfield services giant SLB beats first-quarter profit estimates
By Arunima Kumar and Liz Hampton (Reuters) -Top oilfield firm SLB beat Wall Street estimates for first-quarter profit on Friday,…
Freeport-McMoRan signals more pain from labor shortages as profit slumps
By Ankit Kumar (Reuters) -Freeport-McMoRan Inc’s first-quarter profit more than halved as the copper miner struggled with an industry-wide talent…
MG Motor launches plug-in hybrid option in Mexico as EV race heats up
By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said…
US 5-year credit default swaps rise to highest since 2011
(Reuters) – The cost of insuring exposure to United States sovereign debt rose to the highest level since 2011 on…
French police working with EU on luxury antitrust probe
PARIS (Reuters) – French police are involved in an ongoing investigation relating to a probe by EU antitrust regulators into…