By Ananya Mariam Rajesh (Reuters) -Procter & Gamble cut its annual profit forecast on Tuesday to reflect a writedown in the value of its Gillette business, but the company’s ability to maintain healthy margins during the second quarter pushed its shares up more than 5%. Demand for the company’s daily-use products has held up in …
P&G’s strong margins take heat off annual profit forecast cut Read More »
By Ananta Agarwal (Reuters) -D.R. Horton Inc missed estimates for first-quarter profit on Tuesday, as it offered incentives and cut base price on new homes to whip up demand in a market that is struggling to cope with higher mortgage rates, sending its shares down 7%. Among a string of incentives offered by U.S. homebuilders, …
D.R. Horton misses profit estimates on higher incentives; shares fall Read More »
By Lisa Richwine BEVERLY HILLS, California (Reuters) -Historical epic “Oppenheimer,” about the race to build the first atomic bomb, landed a leading 13 Oscar nominations on Tuesday and will compete for the prestigious best picture trophy. “Oppenheimer” outpaced gothic comedy “Poor Things,” which received 11 nominations for the film industry’s highest honors. Also in the …
‘Oppenheimer,’ ‘Poor Things’ lead Oscar nominations Read More »
(Reuters) – Blockbuster takeovers by oil and gas majors pushed the value of U.S. energy dealmaking last year to a record $192 billion, more than triple the amount in 2022, according to data from analytics firms Enverus on Tuesday. Acquisitions in the Permian shale basin straddling West Texas and New Mexico, the largest U.S. oilfield, …
US oil and gas dealmaking reaches fever-pitch in 2023, Enverus says Read More »
By Indradip Ghosh and Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will wait until the second quarter before cutting interest rates, according to a majority of economists polled by Reuters, with June seen more likely than May and less easing forecast this year than markets now expect. Since September, economists have broadly expected …
Fed to cut in Q2, probably June; economists less dovish than markets- Reuters poll Read More »
(Reuters) -Industrial conglomerate 3M Co forecast full-year earnings below Wall Street estimates on Tuesday as the company grapples with weak demand, sending the diversified manufacturer’s shares down 7.2% in premarket trading. Higher interest rates and inflation have dampened demand for non-essential big-ticket purchases, hurting 3M’s electronics business that makes displays for smartphones and tablets. Last …
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -The head of Germany’s financial regulator said on Tuesday that 2024 will be less rosy for bank profits and that real estate was an increasing risk, in stepped-up warnings as Europe’s largest economy undergoes its biggest property crisis in decades. The nation’s financial regulator BaFin has long …
German regulator steps up warnings on property as industry reels Read More »
(Reuters) – Just one Republican candidate remains to challenge former President Donald Trump for the party’s nomination in the November 2024 U.S. presidential contest to take on President Joe Biden, a Democrat who is running for reelection. Here is a list of the Republican Party’s two candidates: DONALD TRUMP Trump has embraced his indictments in …
Factbox-The Republican challenging Trump for the US presidential nomination Read More »
By Brad Brooks (Reuters) – Jury selection begins in Michigan on Tuesday in a rare trial of a parent who prosecutors have charged with being complicit in a mass shooting carried out by her son. Lawyers were set to start questioning prospective jurors in the manslaughter trial of Jennifer Crumbley, whose then-15-year-old son Ethan murdered …
Mother of boy who murdered four classmates faces manslaughter trial Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan With Wall St stocks surfing record highs, Tuesday sees Netflix kick off a couple of weeks of Big Tech earnings updates stateside – with China stocks arresting new year losses earlier and the Bank of Japan holding the policy line. Streaming …
Marketmind: Big Tech reports, China gets a grip, BOJ calm Read More »
