Oil steadies as IEA hikes 2022 demand growth forecast
By Ahmad Ghaddar LONDON (Reuters) – Oil prices steadied on Thursday after the International Energy Agency raised its oil demand growth forecast for this year...
Explainer: Part of the U.S. yield curve just inverted – Does that mean a...
By David Randall, Davide Barbuscia and Saqib Iqbal Ahmed NEW YORK (Reuters) - The spread between the yields of five-year and 30-year U.S.
Disney lowers streaming subscriber forecast, sticks to profit target
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Walt Disney Co lowered its long-term subscriber forecast for Disney+ customers on Wednesday, blaming the loss...
Pinterest shares jump 20% after Elliott discloses it is the largest shareholder
(Reuters) – Activist Investor Elliott Investment Management said on Monday it had become the largest shareholder in Pinterest Inc and that it saw potential for...
Exclusive-FedEx faces labor union challenge over billionaire CEO’s pay
By Jessica DiNapoli (Reuters) - FedEx Corp shareholders should reject founder and CEO Fred Smith's $54 million pay package because the logistics company gave him stock options after scrapping a cash
Nasdaq, S&P 500 retreat as rate hike fears cool stock rally
By Herbert Lash and Bansari Mayur Kamdar NEW YORK (Reuters) -The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the...
Oil producer APA’s second-quarter profit nearly triples
(Reuters) -U.S. oil producer APA Corp reported a second-quarter profit that nearly tripled on Wednesday, bolstered by surging crude prices. Houston, Texas based APA is...
POSCO says fire put out at S.Korea steel plant, production halted due to flooding
SEOUL (Reuters) -A fire broke out at South Korean steelmaker POSCO’s plant in the southeastern city of Pohang on Tuesday, a POSCO spokesperson confirmed. “A...
Zoom tempers annual profit, revenue outlook as demand falters
(Reuters) -Zoom Video Communications Inc on Monday cut its annual profit and revenue forecasts as demand for the video-conferencing platform cools off from pandemic highs,...
U.S. judge weighs Ben & Jerry’s claims against owner over Israeli business
By Jessica DiNapoli and Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday appeared skeptical that Ben & Jerry’s deserved an immediate injunction...