PepsiCo raises annual forecasts on buoyant demand, price hikes
PepsiCo (NASDAQ:PEP) Inc on Tuesday raised its annual sales and profit forecasts after beating first-quarter revenue estimates on the back…
Spotify’s monthly active users top 500 million, beat estimate
(Reuters) – Spotify Technology SA (NYSE:SPOT) has crossed the half billion mark for monthly active users for the first time, helped by…
Oil edges up on China demand hopes, US inventories in focus
(Reuters) – Oil edged higher on Tuesday, on track for a third day of gains, supported by investor optimism that…
Gold rises on softer dollar, markets look beyond Fed rate hikes
Gold prices rose on Tuesday, extending a recovery into a third straight session as the dollar fell amid bets that…
First Republic Bank deposits tumble more than $100 billion as it explores options
(Reuters) -First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged…
Nestle beats quarterly sales estimates with price hikes
(Reuters) -Nestle reported slightly better-than-expected first-quarter sales on Tuesday, as the world’s biggest packaged food company increased prices to offset…
Netflix to invest $2.5 billion in South Korea to make TV shows, movies
(Reuters) -Netflix Inc said on Tuesday it will invest $2.5 billion in South Korea over the next four years to…
GM, Samsung SDI to soon unveil plans for EV battery plant in US, sources say
(Reuters) -General Motors Co and Samsung (KS:005930) SDI are set to announce as early as Tuesday the plan to build…
ABB dispels industrial gloom to raise full-year outlook
(Reuters) -ABB Ltd raised its full-year outlook for sales and profit outlook on Tuesday after the Swiss engineering and technology…
Novartis, helped by cost cuts, raises full-year outlook
(Reuters) -Novartis on Tuesday raised its full-year earnings outlook after cutting costs, a breast cancer drug trial success and progress…