NDX: Nasdaq Drops as Fed’s Powell Says No Rate Cuts Are Planned for 2023
Stocks lost their edge after Jay Powell lifted rates with another 25 bps and vowed to halt hikes for now.…
PACW: PacWest is Looking for a Buyout Offer After Shares Wash Out 55%
Another regional lender is trying to escape the insolvency path by selling out to a buyer or seeking a fresh…
Enbridge reaches toll agreement with shippers for Mainline system
(Reuters) – Enbridge (NYSE:ENB) Inc, Canada’s largest transporter of crude oil, said on Thursday it has reached a 7-1/2 year toll…
Paramount misses quarterly revenue estimates
(Reuters) – Paramount Global Inc missed first-quarter revenue estimates on Thursday as advertisers cut back on spending in a challenging…
HF Sinclair beats Q1 profit estimates, submits buyout bid for Holly Energy
(Reuters) – U.S. oil refiner HF Sinclair Corp beat first-quarter profit estimates on Thursday, as margins spiked from a year…
White House to meet Microsoft, Google CEOs on AI dangers
(Reuters) – The White House will host CEOs of top artificial intelligence companies, including Alphabet (NASDAQ:GOOGL) Inc’s Google and Microsoft…
TIM debates grid bids as investor Vivendi challenges strategy
(Reuters) – Telecom Italia (BIT:TLIT) (TIM) directors will meet on Thursday to decide their response to multibillion bids for the phone company’s…
Shell posts $10 billion profit, lifted by trading
(Reuters) – Shell (LON:RDSa) on Thursday posted first-quarter net profit of $9.65 billion, topping analysts’ forecasts, as strong earnings from…
Volkswagen revenue jumps on growth in Europe, North America
(Reuters) – Volkswagen (ETR: VOWG_p) posted a 21.5% gain in first-quarter revenue on Thursday, boosted by higher prices and strong…
Barrick not interested in bidding for Teck’s copper assets
(Reuters) -Barrick Gold Corp is not interested in bidding for the copper assets of Teck Resources (NYSE:TECK) Ltd as there are…