Fox News Media And Tucker Carlson Part Ways
(Reuters) – Fox News Media and Tucker Carlson have agreed to part ways, the media company said in a statement on Monday. (Reporting by Akriti Sharma in Bengaluru)
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Oil Prices Slip As Uncertain Global Outlook Outweighs Supply Concerns
By Noah Browning LONDON (Reuters) -Oil prices were down on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand outweighed the prospect of tightening supplies. Brent crude slipped 86 cents, or 1.1%, to $82.52 a barrel by 1415 GMT. U.S. West Texas Intermediate crude was down 83 cents,…
Wall St Opens Lower As Focus Turns To Tech Earnings, Economic Data
(Reuters) – Wall Street’s main indexes opened slightly lower on Monday as investors awaited results from megacap companies and key data that could shed light on the U.S. economy and shape the Federal Reserve’s monetary policy. The Dow Jones Industrial Average fell 3.92 points, or 0.01%, at the open to 33,805.04. The S&P 500 opened…
Coca-Cola Rides On Higher Prices, Steady Demand To Upbeat Quarter
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co on Monday topped estimates for first-quarter revenue and profit on resilient demand for its sodas and multiple price increases by the beverages maker to combat higher commodity and shipping costs. Average selling prices increased 11%, the maker of Fanta and Sprite said, while global unit case volumes rose…
Futures Slip As Investors Brace For Tech Earnings, Economic Data
By Sruthi Shankar and Ankika Biswas (Reuters) -Wall Street futures slipped on Monday ahead of a busy week for earnings, with investors also awaiting key economic data that could shed light on the U.S. economy and shape the Federal Reserve’s monetary policy. Heavyweights including Alphabet Inc, Microsoft Corp, Amazon.com Inc and Meta Platforms Inc, whose…
Credit Suisse Lost $68 Billion In Assets Last Quarter, Outflows Continue
By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer deposits declined by 67 billion francs in the quarter and the bank noted…
Oil Prices Steady On Uncertain Global Outlook And Supply Concerns
By Noah Browning LONDON (Reuters) -Oil prices were steady on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand were balanced by the prospect of tightening supplies. Brent crude slipped 22 cents, or 0.3%, to $81.44 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was down…
UBS Retains Risk Chief To Bolster Controls For Credit Suisse Deal
ZURICH (Reuters) -Switzerland’s UBS said on Monday it will retain Christian Bluhm as chief risk officer for the “foreseeable future” as it bolsters controls during the takeover of Credit Suisse. Chief Executive Sergio Ermotti is reshaping the ranks of UBS as it works on integrating Credit Suisse, the 167-year-old Swiss banking rival which it rescued…
Oil Prices Fall 1% On Uncertainty Over Global Outlook, Rate Hikes
By Florence Tan and Mohi Narayan (Reuters) -Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 91 cents, or 1.11%, to $80.75 a barrel by 0627…
Credit Suisse Saw $68 Billion In First-quarter Outflows As It Crumbled
ZURICH (Reuters) – Credit Suisse said on Monday 61 billion Swiss francs ($68 billion) left the bank in the first quarter, shedding light on the scale of the bank run that caused the 167-year-old institution to crumble and forced its state-engineered rescue. The bank reported results for what is likely to be the last time,…