Category: Hottest Trends

Shell smashes forecasts with $7.7 billion quarterly profit
May 2, 2024 No Responses

Shell smashes forecasts with $7.7 billion quarterly profit

By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose. The company said it will buy...
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May 2, 2024 No Responses

Maersk raises profit guidance on strong demand and Red Sea disruption

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight rates as ships sail for longer to avoid conflict in the Red ...
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May 2, 2024 No Responses

Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board

By Sabrina Valle WASHINGTON/HOUSTON (Reuters) – The Federal Trade Commission on Thursday said Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources could go ahead on the condition Pioneer’s former CEO will not be allowed to join Exx...
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May 2, 2024 No Responses

Wall Street rises as Fed rate-hike concerns alleviate

By Shristi Achar A and Shashwat Chauhan (Reuters) – Wall Street’s main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a crucial job.....
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May 2, 2024 No Responses

US labor market still tight; productivity falters in first quarter

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits held steady at a low level last week, pointing to a still fairly tight labor market that should continue to underpin the economy in the...
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May 2, 2024 No Responses

US trade deficit narrows slightly in March

WASHINGTON (Reuters) – The U.S. trade deficit narrowed slightly in March as a decline in imports was tempered somewhat by a plunge in exports. The trade deficit contracted 0.1% to $69.4 billion, the Commerce Department’s Bureau of Economic Analysis...
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May 2, 2024 No Responses

Insurer Chubb readies $350 million payout tied to Baltimore bridge collapse

(Reuters) -Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March. The...
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May 2, 2024 No Responses

Greenback strength to persist on delayed Fed rate cut calls

By Sarupya Ganguly BENGALURU (Reuters) – A rallying U.S. dollar will stand resolute and may even trade more strongly than predicted in coming months if the policies of the Federal Reserve and other major central banks diverge, according to FX...
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May 2, 2024 No Responses

ConocoPhillips misses quarterly profit estimates on lower gas prices

By Sabrina Valle and Sourasis Bose (Reuters) -U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset higher oil production volumes. A milder-than-expected winter hur...
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