Robinhood Shares Fall After Company Posts Decline In Revenue
(Reuters) – Robinhood Markets Inc, the brokerage at the center of last year’s retail trading frenzy, posted a 43% fall…
Headlines
Elliott Calls For Suncor Strategic Review, Board Changes
By Svea Herbst-Bayliss (Reuters) -Activist investment firm Elliott Management is pushing Canada’s Suncor Energy Inc to add new board directors,…
Caterpillar Sees China Excavator Demand Falling Below Pre-pandemic Levels
By Abhijith Ganapavaram and Aishwarya Nair (Reuters) – Caterpillar Inc on Thursday warned that demand for excavators in China, one…
Russian Tycoon Tinkov Sells Stake In TCS Group To Billionaire Potanin
LONDON (Reuters) – Russian businessman Oleg Tinkov, who last week criticized Russia’s war in Ukraine, has sold his 35% stake…
Global Shares Rise As Earnings Boost, U.S. Dollar Hits 20-year High
By Chris Prentice and Tom Wilson WASHINGTON/LONDON (Reuters) -The U.S. dollar touched its highest level since 2002 on Thursday, as…
Long-term US mortgage rates edge down this week to 5.1%
WASHINGTON (AP) — The average long-term U.S. mortgage rate edged down for the first time in two months following a…
Saint-Gobain Posts Record Sales In Quarter, Flags Rising Costs
(Reuters) – French construction materials group Saint-Gobain on Thursday posted record first-quarter sales but flagged the higher impact of energy…
U.S. Regulator Sues Brazilian Miner Vale Over ‘false And Misleading’ Dam Claims
By Chris Prentice WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale SA for…
Hotel Group Accor Expects Domestic Demand To Return To 2019 Levels By Year-end
(Reuters) -Europe’s biggest hotel group Accor said on Thursday it expected domestic demand to return to levels comparable to 2019…
Strong Earnings Spur Rally Across European Stocks
By Sruthi Shankar and Susan Mathew (Reuters) – European shares moved further off six-week lows hit last session as forecast-beating…