Business

Japanese video-game maker Nintendo raises Switch price, forecasts lower profits

Friday, May 8 by SRN News

TOKYO (AP) - Nintendo's annual profit surged 52% in the last fiscal year, lifted by solid sales of its Switch 2 machines and software. The Japanese video-game company behind the Super Mario and Pokemon franchises announced it was raising prices, citing challenging business conditions. It... Read More.

RBC lifts S&P 500 year-end target to 7,900 on AI optimism

Friday, May 8 by SRN News

May 8 (Reuters) - RBC Capital Markets raised its year-end target for the S&P 500 to 7,900 from 7,750 on Friday, citing resilient earnings growth and continued strength in artificial intelligence‑linked sectors. The Canadian brokerage's new target implies a 7.7% upside from the benchmark index's... Read More.

Toyota sees 20% drop in annual profit as Iran war weighs

Friday, May 8 by SRN News

TOKYO, May 8 (Reuters) - Toyota forecast a 20% decline in profit for the current financial year on Friday, as cost and supply uncertainties stemming from the Middle East conflict weigh on earnings even as robust demand for its hybrid models powers sales growth.... Read More.

Japan’s Sony reports declining profit but expects a record for this year

Friday, May 8 by SRN News

TOKYO (AP) - Japanese electronics and entertainment giant Sony Group Corp. reported a 3.4% drop in its annual profit but projected Friday a comeback to record profits for the current fiscal year. Tokyo-based Sony's net profit for the year through March totaled 1.03 trillion... Read More.

Morning Bid: Markets cling on as ceasefire is tested

Friday, May 8 by SRN News

A look at the day ahead in European and global markets from Tom Westbrook Oil ticked higher and European futures wobbled on Friday, while the U.S. and Iran exchanged fire in the Middle East. But with investors choosing to focus on hopes for a more lasting... Read More.

China’s exports likely picked up pace in April on Iran war stockpiling: Reuters Poll

Friday, May 8 by SRN News

BEIJING, May 8 (Reuters) - China's export growth likely quickened in April, a Reuters poll showed on Friday, as companies rushed to stockpile components from the manufacturing powerhouse amid fears the Iran war could push input costs even higher. Outbound shipments are expected to have... Read More.

Trump plans to bring a smaller CEO delegation to Beijing summit, sources say

Friday, May 8 by SRN News

By Laurie Chen and Michael Martina BEIJING/WASHINGTON, May 8 (Reuters) - The White House has invited a scaled-back CEO delegation to accompany President Donald Trump to Beijing next week, five sources briefed on preparations said, reflecting divisions in the administration on economic policy toward China... Read More.

Some Unilever investors seek ESG reassurances in McCormick food deal

Friday, May 8 by SRN News

By Simon Jessop, Alexander Marrow and Richa Naidu LONDON, May 8 (Reuters) - With Unilever set to spin off its food unit and merge it with U.S. peer McCormick, some investors plan to press the combined entity to adopt the same standards against deforestation and... Read More.

Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war

Friday, May 8 by SRN News

CEBU, Philippines (AP) - Southeast Asian leaders met in an annual summit Friday under intense pressure to mitigate the impact on their people and economies from the Iran war, which one top minister said, "should not have occurred in the first place." The alarm by... Read More.

Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran

Friday, May 8 by SRN News

HONG KONG (AP) - Asian stocks retreated and oil prices rose on Friday as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities. U.S. futures rose despite the latest flaring in the... Read More.

Current Weather

Japanese video-game maker Nintendo raises Switch price, forecasts lower profits

RBC lifts S&P 500 year-end target to 7,900 on AI optimism

Toyota sees 20% drop in annual profit as Iran war weighs

Japan’s Sony reports declining profit but expects a record for this year

Morning Bid: Markets cling on as ceasefire is tested

China’s exports likely picked up pace in April on Iran war stockpiling: Reuters Poll

Trump plans to bring a smaller CEO delegation to Beijing summit, sources say

Some Unilever investors seek ESG reassurances in McCormick food deal

Alarmed ASEAN leaders discuss crisis plan to mitigate backlash from Middle East war

Asian stocks fall and oil prices climb after attacks imperil the ceasefire with Iran

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