Wells Fargo profit exceeds estimates as rising rates bolster income
By Noor Zainab Hussain, Manya Saini and Saeed Azhar (Reuters) -Wells Fargo & Co’s profit surpassed expectations for the first…
Business
Russia raises 2023 GDP growth forecast, longer-term outlook worsens
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s economy ministry revised higher on Friday its 2023 gross domestic product…
UnitedHealth’s quarterly beat clouded by 2024 Medicare uncertainty
By Khushi Mandowara and Bhanvi Satija (Reuters) -UnitedHealth Group Inc on Friday topped expectations for first-quarter results but shares fell…
European banks surge on strong Q1 results from U.S. peers
(Fixes typo in first paragraph) By Joice Alves LONDON (Reuters) – European banks surged on Friday, rising to a one-month…
HSBC warns France sale in jeopardy over capital concerns
By Lawrence White LONDON (Reuters) -HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group could…
US business inventories rise moderately in February
WASHINGTON (Reuters) – U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in…
Conglomerate Starboard buys Parler, to shut down social media app temporarily
(Reuters) -Digital media conglomerate Starboard said on Friday it has bought Parler for an undisclosed sum and will temporarily shut…
US consumer sentiment edges up in April; short-term inflation expectations rise
WASHINGTON (Reuters) – U.S. consumer sentiment inched up in April, but households expected inflation to rise over the next 12…
US manufacturing output falls in March; rebounds in first quarter
(Corrects month in second paragraph to February from January) WASHINGTON (Reuters) – Production at U.S. factories fell more than expected…
Fed’s Goolsbee says mild U.S. recession feasible
(Reuters) – A U.S. recession is certainly feasible as the Federal Reserve’s steep rate-hikes over the past year filters fully…