By Stephen Culp NEW YORK (Reuters) – Wall Street headed higher on Wednesday, powered by a rebound in market-leading growth stocks as investors digested hot inflation data and a mixed bag of quarterly earnings. The tech-heavy Nasdaq led all three major U.S. stock indexes higher, with semiconductors handily outperforming the broader market. JPMorgan Chase &…
(Reuters) – Amazon.com Inc on Wednesday said it will charge merchants an average 5% fuel and inflation surcharge to warehouse and ship their products to shoppers in the United States, in response to rising costs. The change amounts to an extra 24 cents per product stored and shipped through the company’s Fulfillment by Amazon service,…
By Giulio Piovaccari and Gilles Guillaume (Reuters) -Stellantis Chief Executive Carlos Tavares on Wednesday took a bullish stance on the U.S. market despite rising fears of a downturn, as the carmaker’s shareholders voted against the 2021 compensation package for top executives. Speaking at the carmaker’s annual shareholders’ meeting, Tavares said Stellantis was confirming its forecast…
By Aditya Kalra NEW DELHI (Reuters) – Meta Platforms Inc’s WhatsApp has won regulatory approval to more double the number of users of its payments service in India to 100 million, two sources familiar with the matter told Reuters on Wednesday. WhatsApp has over the years told National Payments Corporation of India (NPCI) that there…
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines Inc on Wednesday forecast returning to profit in the current quarter, after posting a smaller-than-expected quarterly loss, on the back of a booming travel demand, sending its shares higher. The company said robust consumer demand not only translated into a “solid” profit in March, but is…
(Reuters) – Weekly inflation in Russia slowed to 0.66% in the week to April 8 from 0.99% a week earlier, taking the year-to-date increase in consumer prices to 10.83%, data from statistics service Rosstat showed on Wednesday. In the same period a year ago, consumer prices rose 2.72%. Prices on nearly everything from vegetables and…
By Hannah Lang and Saikat Chatterjee WASHINGTON/LONDON (Reuters) – The U.S. dollar soared to a nearly 20-year high against a sluggish yen on Wednesday, as aggressive tightening from the Federal Reserve contrasted sharply with the Bank of Japan’s ultra-loose monetary policy. The greenback rose as high as 126.32 yen, its strongest level since June 2002….
By Bansari Mayur Kamdar and Praveen Paramasivam (Reuters) – U.S. shares rose on Wednesday as a recovery in growth stocks and strong results from Delta Air Lines offset declines in JPMorgan after the bank reported a slump in quarterly profit. Megacaps Apple Inc and Meta Platforms Inc rose 0.6% each, while Nvidia Corp and Advanced…
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines Inc on Wednesday posted a smaller-than-expected quarterly loss and forecast returning to profit in the current quarter on the back of a booming travel demand, sending its shares higher. The company said robust consumer demand not only helped it post a “solid” profit in the month…
(Reuters) – Facebook parent Meta Platforms will charge creators around 47.5% on sales of digital assets and experiences made inside the company’s virtual reality platform Horizon Worlds. The overall charge comprises of 30% hardware platform fee for sales made through Meta Quest Store, where it sells apps and games meant for its virtual reality headsets,…
