A look at the day ahead in U.S. and global markets from Mike Dolan Buoyant Wall St stocks brace for a critical test of this year’s extraordinary surge in Big Tech shares as Microsoft and Alphabet both report after the bell on Tuesday, just as Federal Reserve officials kick off their two-day policy meeting. The…
By Ludwig Burger and Thomas Escritt (Reuters) -Further deterioration in demand for glyphosate-based weed killers led Bayer to cut its full-year earnings outlook and announce a 2.5 billion euro ($2.8 billion) write-down on glyphosate-related assets. In an unscheduled statement late on Monday, the German drugs and pesticides maker said it was projecting 2023 earnings before…
By Blake Brittain (Reuters) – Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges – and the company formerly known…
By Max A. Cherney (Reuters) – The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. The chip industry’s workforce is projected to grow to 460,000 by the end of the decade, up from roughly 345,000 this year. But at the current rate…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s government on Tuesday left its own projections unchanged for achieving a primary budget surplus in the fiscal year ending in March 2027 – lagging by a year from its ambitious target, according to projections by the Cabinet Office. Under an optimistic scenario of nominal 3% and real 2% growth,…
By Richa Naidu LONDON (Reuters) -Unilever on Tuesday beat underlying sales growth forecasts after again raising prices to offset higher costs, boosting shares in the maker of Dove soap and Ben & Jerry’s ice cream. The British company reported a 7.9% rise in underlying second-quarter sales, beating analysts’ average forecast of 6.4%, a company-provided consensus…
(Reuters) -Spotify Technology on Monday raised prices for its premium plans across several countries including the United States and United Kingdom, as the music-streaming company looks to boost profitability in an uncertain economy. The move will result in a $1 price increase for Spotify’s U.S. plans, with the premium single now starting at $10.99, duo…
By Richa Naidu LONDON (Reuters) – British consumer goods giant Unilever said on Tuesday that China’s declining property market and exports had sent its consumer sentiment to a historic low, having earlier this year forecast a Chinese “consumption boom”. The maker of Dove soap and Ben & Jerry’s ice cream in February flagged $1.5-$2 trillion…
By Lisa Baertlein (Reuters) -FedEx pilots have rejected a tentative contract deal with the parcel delivery firm and the two sides will reopen negotiations, likely under the supervision of the National Mediation Board, the company and the pilots’ union said on Monday. The Air Line Pilots Association (ALPA) did not detail the reasons why members…
FRANKFURT (Reuters) – Euro zone firms’ demand for loans dropped to the lowest on record last quarter and a further decline is likely over the summer as lenders continue to tighten access to credit, the European Central Bank said on Tuesday based on a survey of big banks. A key input in policy deliberations, the…
