Business

Wall St futures edge higher on Mideast diplomacy hopes, strong earnings

Thursday, April 16 by SRN News

By Niket Nishant and Avinash P April 16 (Reuters) - U.S. stock index futures inched higher on Thursday as investors grew more confident that the worst of the Middle East conflict had passed, while a wave of solid earnings allayed concerns about the economy. Although... Read More.

U.S. Bancorp profit jumps on interest income, fee revenue boost

Thursday, April 16 by SRN News

April 15 (Reuters) - U.S. Bancorp reported a 13.6% jump in first-quarter profit on Thursday, driven by higher interest income and fee revenue. Loan growth has been quite strong across the industry in recent months as a string of rate cuts by the U.S. Federal... Read More.

Abbott results beat on medical device boost, Exact deal hits forecast

Thursday, April 16 by SRN News

April 16 (Reuters) - Abbott marginally beat Wall Street estimates for quarterly profit and revenue on Thursday, partially helped by its newly acquired cancer diagnostics business. However, its shares were down 2% before the bell, after the company said its 2026 profit forecast will see... Read More.

Stellantis, Microsoft sign five-year partnership for AI push

Thursday, April 16 by SRN News

MILAN, April 16 (Reuters) - Stellantis and Microsoft said on Thursday they agreed to a five‑year strategic partnership to co-develop artificial intelligence (AI), cybersecurity and engineering capabilities, as the automaker races to keep pace with technology-focused rivals. Software and data-driven services have become central... Read More.

Israel’s El Al to buy up to 12 more Boeing 787s for $1.5 billion

Thursday, April 16 by SRN News

By Steven Scheer JERUSALEM, April 16 (Reuters) - El Al Israel Airlines said on Thursday it would buy up to 12 more 787 Dreamliner aircraft from Boeing in a deal worth $1.5 billion, taking advantage of its dominance of the Israeli market during the conflicts... Read More.

Hedge funds on track for best monthly returns in over a decade, Goldman says

Thursday, April 16 by SRN News

By Anirban Sen NEW YORK, April 16 (Reuters) - Hedge funds are on track for their best monthly performance in more than a decade, after overcoming a market downturn in March triggered by the Iran war that dragged returns lower, according to Goldman Sachs' latest... Read More.

German car buyers keen on Chinese EV maker BYD in first quarter, data shows

Thursday, April 16 by SRN News

By Rachel More and Christina Amann BERLIN, April 16 (Reuters) - Chinese car brands such as BYD are gaining traction among German consumers who are increasingly looking to buy electric cars amid rising fuel prices, according to online marketplace data seen by Reuters on... Read More.

Wall Street bank earnings in five charts as volatile markets take center stage

Thursday, April 16 by SRN News

By Manya Saini April 16 (Reuters) - Major U.S. banks delivered a split picture this week, as Middle East-linked market volatility lifted trading in the first quarter but clouded dealmaking prospects. Bank earnings are tracked beyond Wall Street, as they offer a real-time read on how... Read More.

Kering CEO pledges to double profit margins and revive Gucci brand

Thursday, April 16 by SRN News

By Tassilo Hummel FLORENCE, Italy, April 16 (Reuters) - Kering CEO Luca de Meo pledged to more than double the luxury group's operating profit margin and boost the appeal of its flagship brand Gucci as he sought to reassure investors unnerved by economic uncertainty and... Read More.

Travelers profit rises on stronger underwriting, lower catastrophe losses

Thursday, April 16 by SRN News

April 16 (Reuters) - Property and casualty insurance giant Travelers reported a jump in first-quarter profit, buoyed by robust underwriting gains and lower catastrophe losses than a year earlier when results were severely hit by the Los Angeles wildfires. The earnings of Travelers often serve... Read More.

Current Weather

Wall St futures edge higher on Mideast diplomacy hopes, strong earnings

U.S. Bancorp profit jumps on interest income, fee revenue boost

Abbott results beat on medical device boost, Exact deal hits forecast

Stellantis, Microsoft sign five-year partnership for AI push

Israel’s El Al to buy up to 12 more Boeing 787s for $1.5 billion

Hedge funds on track for best monthly returns in over a decade, Goldman says

German car buyers keen on Chinese EV maker BYD in first quarter, data shows

Wall Street bank earnings in five charts as volatile markets take center stage

Kering CEO pledges to double profit margins and revive Gucci brand

Travelers profit rises on stronger underwriting, lower catastrophe losses

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