Business

Gallagher’s profit jumps on AssuredPartners buy, commissions and fees growth

Thursday, April 30 by SRN News

April 30 (Reuters) - Arthur J. Gallagher reported a jump in first-quarter profit on Thursday, as the insurance broker benefited from the acquisition of rival AssuredPartners and growth in commissions and fees. Commissions surged 38.9% to $3.12 billion in the quarter from a year... Read More.

Reddit expects revenue above estimates as AI tools fuel ad growth

Thursday, April 30 by SRN News

By Jaspreet Singh April 30 (Reuters) - Reddit forecast second-quarter revenue above analysts' estimates on Thursday betting on its AI-powered tools to boost advertising on the platform and sending its shares up 11% in extended trading. The social media company offers AI-focused features that allow advertisers... Read More.

US names Vietnam as top concern country in intellectual property rights report

Thursday, April 30 by SRN News

By Kanishka Singh WASHINGTON, April 30 (Reuters) - The U.S. Trade Representative's office identified Vietnam as a top concern or "Priority Foreign Country" on intellectual property rights in an annual report released on Thursday, raising the prospect of a new trade probe into the Asian... Read More.

S&P Dow Jones Indices considers new index rules as mega IPOs loom

Thursday, April 30 by SRN News

April 30 (Reuters) - S&P Dow Jones Indices said on Thursday it has kicked off a consultation that could result in major changes to rules governing the entry of companies into its indexes such as the S&P 500. As high-profile names such as Elon... Read More.

US crude futures rise 41 cents to $105.50/bbl after prior intraday high of $110.93/bbl

Thursday, April 30 by SRN News

MELBOURNE, May 1 (Reuters) - U.S. West Texas Intermediate crude rose 41 cents or 0.43% on open to $105.50 a barrel, after a prior intraday Thursday high of $110.93 a barrel after uncertainty on the direction of the U.S. war against Iran persisted. WTI... Read More.

Amazon’s Prime Video dives into college sports in partnership with Duke men’s basketball

Thursday, April 30 by SRN News

DURHAM, N.C. (AP) - Streaming provider Prime Video is diving into college sports by partnering with one of college basketball's biggest brands: Duke. Amazon and Duke announced Thursday they had reached a multiyear agreement to broadcast three of the Blue Devils' neutral-site nonconference matchups per... Read More.

Apple beats out earnings estimates with continued iPhone momentum

Thursday, April 30 by SRN News

Apple posted strong results for its quarterly earnings on Thursday, but investors' attention is also focused on the upcoming CEO change and the tech firm's artificial intelligence strategy. Apple CEO Tim Cook announced earlier this month he will be stepping down from the role, with... Read More.

Meta CEO attributes layoffs plan to capex, won’t rule out further job cuts

Thursday, April 30 by SRN News

By Katie Paul NEW YORK, April 30 (Reuters) - Meta's Chief Executive Mark Zuckerberg attributed the company's plan for layoffs to increased capital expenditures and declined to rule out further cuts, in comments delivered to employees at an internal company town hall on Thursday. "We basically... Read More.

Dexcom reaffirms full-year forecast after topping quarterly estimates

Thursday, April 30 by SRN News

April 30 (Reuters) - Medical device maker Dexcom on Thursday reiterated its full-year revenue forecast after beating Wall Street estimates for quarterly results, helped by strong demand for its continuous glucose monitors that track blood sugar levels. Shares of the company were down 4.3% in... Read More.

Clorox cuts annual profit forecast on weaker demand, rising costs

Thursday, April 30 by SRN News

April 30 (Reuters) - Clorox cut its annual profit forecast on Thursday, as the Bleach maker battles weaker demand and rising costs tied to the U.S.-Israeli war on Iran. Rising energy, fuel and freight costs are squeezing consumers, prompting them to cut discretionary spending, including... Read More.

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Gallagher’s profit jumps on AssuredPartners buy, commissions and fees growth

Reddit expects revenue above estimates as AI tools fuel ad growth

US names Vietnam as top concern country in intellectual property rights report

S&P Dow Jones Indices considers new index rules as mega IPOs loom

US crude futures rise 41 cents to $105.50/bbl after prior intraday high of $110.93/bbl

Amazon’s Prime Video dives into college sports in partnership with Duke men’s basketball

Apple beats out earnings estimates with continued iPhone momentum

Meta CEO attributes layoffs plan to capex, won’t rule out further job cuts

Dexcom reaffirms full-year forecast after topping quarterly estimates

Clorox cuts annual profit forecast on weaker demand, rising costs

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