CVS cuts annual profit forecast as M&As seen driving up costs
(Reuters) – CVS Health Corp cut its full-year profit forecast on Wednesday, citing increased costs related to its acquisitions of…
Oil extends losses ahead of expected interest rate hikes
(Reuters) – Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the…
Gold firms above $2,000 as Fed anxiety, bank rout boost safe havens
Gold prices moved little in early Asian trade on Wednesday, but were underpinned by increased safe haven demand amid renewed…
Tesla resumes US orders for Model 3 long-range version at lower price
Tesla (NASDAQ:TSLA) Inc has resumed taking orders for its Model 3 long-range version in the United States, the company’s website…
Lufthansa sees earnings boost from strong summer travel
(Reuters) – German airline group Deutsche Lufthansa (ETR:LHAG) said it expected strong demand for holiday travel this summer to fill…
Porsche sees 25% operating profit jump in Q1 on record deliveries
(Reuters) – Luxury carmaker Porsche’s return on sales in the first quarter was on par with last year’s at 18.2%,…
Aston Martin sticks to 2023 outlook after smaller Q1 pretax loss
(Reuters) – British luxury carmaker Aston Martin Lagonda on Wednesday reported a narrower quarterly pretax loss and maintained its 2023…
IBM chief flags hiring pause as group eyes AI strategy
International Business Machines (NYSE:IBM) plans to pause hiring for jobs that the more than century-old U.S. company believes could soon be…
Crude oil lower on global demand worries; API inventories due
Oil prices drifted lower Tuesday, continuing the previous session’s losses on fears of a global economic slowdown hitting demand for…
Samsung Profits Reach Nearly 15-Year Low As Demand for Chips Weakens
South Korean tech giant Samsung has released its Q1 report, which wasn’t exactly what investors were hoping for. The company…