U.S. Consumer Spending Beats Forecasts In March; Inflation Soars
WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in March amid strong demand for services, while monthly inflation…
AbbVie Misses Quarterly Sales Estimates As Humira Rivals Bite
(Reuters) – AbbVie Inc missed Wall Street estimates for first-quarter sales on Friday, hurt by European competition for its blockbuster…
Exxon profits surge despite $3.4B hit from Russian exit
NEW YORK (AP) — Exxon Mobil reported $5.48 billion in profits during the first quarter as oil and gas prices…
Airbnb allows employees to live and work from anywhere
Airbnb will allow its employees to live and work almost anywhere around the world, fully embracing a remote work policy…
Dollar Slips, Still Set For Best Month Since 2015
By Elizabeth Howcroft LONDON (Reuters) – The dollar edged down from its recent 20-year high on Friday but was still…
Honeywell Raises Full-year Profit Forecast Betting On Air Travel Recovery
(Reuters) -Honeywell International Inc raised its full-year profit forecast on Friday, as a recovery in aviation markets due to a…
China regulator says 14,684 Teslas recalled for crash risk
BEIJING (AP) — Tesla has recalled 14,684 Model 3s due to a software glitch that could cause collisions, China’s market…
Twitter Deal Could Bolster Lawsuit Over Musk’s $56 Billion Tesla Pay
By Tom Hals (Reuters) – Elon Musk’s $44 billion takeover of Twitter is helping provide ammunition for an upcoming trial…
Danske Bank Keeps Guidance Despite Profit Miss, Higher Costs
COPENHAGEN (Reuters) – Danske Bank reported lower-than-expected first-quarter profits, citing higher costs and turbulent financial markets, sending its shares lower…
Inflation hits record high of 7.5% in countries using euro
BRUSSELS (AP) — Inflation hit a record in April for the 19 countries that use the euro as skyrocketing fuel…