Insurer Travelers profit falls on U.S. storm costs
(Reuters) – Property and casualty insurer Travelers Companies (NYSE:TRV) Inc on Wednesday reported a 6% fall in quarterly profit, hurt…
CDW slides on weak preliminary sales; analysts see a buying opportunity
Shares of CDW Corp. (NASDAQ:CDW) are down about 5.5% in pre-market Wednesday after the company announced preliminary Q1 results. The IT…
Biden’s push for electric vehicles hits deep in the heart of Texas
(Reuters) – At Toyota Motor (NYSE:TM) Corp’s sprawling factory here, just 16 miles (26 km) from the Alamo, a new gasoline-fueled Tundra…
Futures retreat as Treasury yields rise, Tesla slides
U.S. stock index futures fell on Wednesday as Treasury yields rose on expectations the Federal Reserve could keep interest rates…
Glencore raises pressure on Teck Resources with promise of sweeter bid
(Reuters) – Glencore (OTC:GLNCY) has told Teck Resources (NYSE:TECK) shareholders it is willing to improve its $22.5 billion takeover offer,…
Dow futures slide lower as investors digest earnings
U.S. stock futures pointed to a lower open on Wall Street on Wednesday as investors weighed mixed earnings reports from…
Shanghai auto show crowds flock to BYD’s Seagull
(Reuters) – At the Shanghai auto show this week, the largest crowds can be found around an unassuming, bright yellow…
Analysis-Planemakers talk up ‘surge capacity’ amid industrial woes
(Reuters) – Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by…
TSMC seeks up to $15 billion from US but objects to certain conditions- WSJ
(Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached…
Stocks ease, dollar perks up as focus returns to Fed and inflation
(Reuters) – Global stocks eased on Wednesday, while the dollar pulled further above last week’s one-year lows, as investor focus…