Marketmind: A heavy dose of tech, banks & politics
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The top-tier Asian…
US
Barbie maker Mattel swings to loss as retailers cut orders, costs rise
By Granth Vanaik (Reuters) -Mattel Inc posted a bigger-than-expected loss for the first quarter on Wednesday as it grappled with…
Raymond James profit misses estimates as deals drought extends
(Corrects dateline, day in paragraph 1, typo in headline) (Reuters) – Raymond James Financial Inc missed Wall Street estimates for…
Biden administration urges appeals court to overrule abortion pill ban
By Brendan Pierson (Reuters) -President Joe Biden’s administration on Wednesday urged a U.S. appeals court to overrule a conservative Texas-based…
Biden will veto US House Speaker McCarthy’s debt bill if it passed Congress
WASHINGTON (Reuters) – If U.S. President Joe Biden were to be presented with Republican House of Representatives Speaker Kevin McCarthy’s…
C.H. Robinson misses quarterly estimates on softening freight demand
(Reuters) – C.H. Robinson Worldwide Inc missed Wall Street expectations for quarterly sales and profit on Wednesday, as the logistics…
Former Arkansas Governor Asa Hutchinson formally announces White House bid
By Tim Reid (Reuters) – Former Republican Arkansas Governor Asa Hutchinson formally launched his 2024 presidential bid on Wednesday, in…
Hermes settles Skechers patent lawsuit over shoe soles in New York
By Blake Brittain (Reuters) – French luxury fashion house Hermès International SCA has settled a lawsuit brought by Skechers USA…
First Republic plumbs new lows, options dwindle
By Nupur Anand, Saeed Azhar and Niket Nishant (Reuters) -First Republic Bank’s market value plunged again on Wednesday as investors…
No near-term solution for US debt ceiling adds economic headwind -PIMCO
By Davide Barbuscia CHICAGO (Reuters) -A U.S. default is highly unlikely, but negotiations around the debt ceiling are expected to…