Growth bargains, upbeat earnings take Wall Street higher

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon/File photo Sign up now for FREE unlimited access to Reuters.com Check in Commuters rise after reporting record quarterly profit Baker Hughes jumps on fourth quarter earnings release Netflix to report quarterly results … Read more

Wall Street banks eye ‘new normal’ for trading revenue after stellar two years

A street sign, Wall Street, is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton/Photo archive Sign up now for FREE unlimited access to Reuters.com Check in NEW YORK, Jan 19 (Reuters) – Wall Street banks expect trading income to settle into a “new … Read more

Airlines scramble to rejig schedules amid U.S. 5G rollout concerns

Jan 19 (Reuters) – Major international airlines rushed to readjust or cancel flights to the United States ahead of a 5G wireless rollout on Wednesday that raised security concerns, despite two wireless carriers saying they would delay parts of the rollout. The Federal Aviation Administration (FAA) has warned that potential 5G interference could affect height … Read more

Goldman profit hit by weaker trading, rising expenses; shares tumble

Jan 18 (Reuters) – Shares of Goldman Sachs Group (GS.N) fell as much as 8% on Tuesday after Wall Street’s top investment bank missed quarterly earnings expectations, hampered by weaker trading earnings and growing expenses. The stock slump put Goldman on track for its worst single-day performance since June 2020, shedding about $10 billion from … Read more

EXCLUSIVE Major U.S. airline CEOs warn 5G could ground some planes, wreak havoc

A Southwest Airlines plane approaches for landing at San Diego International Airport as US telecommunications companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on aircraft electronics in San Diego. Diego, California, U.S., January 6, 2022. REUTERS/Mike Blake Sign up now for FREE unlimited access to Reuters.com Check in … Read more

Dove soap maker Unilever signals pursuit of GSK consumer arm; shares fall

Unilever shares fall more than 8%, GSK gains Unilever says it would seek deal for GSK unit Says he is committed to ‘strict financial discipline’ Jan 17 (Reuters) – Unilever (ULVR.L) said on Monday it would seek a deal for GSK’s (GSK.L) consumer business, calling it a “strong strategic fit”, but Unilever shares fell more … Read more

DirecTV loss could cripple rightwing One America News

Mississippi Senator Cindy Hyde-Smith speaks to a One America News Network (OANN) reporter from a bus window after a tour of a section of the US-Mexico border on a Mississippi Highway Patrol vessel. Texas in Mission, Texas, U.S., March 26, 2021. REUTERS/Go Nakamura Sign up now for FREE unlimited access to Reuters.com Check in WASHINGTON, … Read more

U.S. grocery shortages deepen as pandemic dries supplies

Jan 14 (Reuters) – High demand for groceries combined with high freight costs and Omicron-related labor shortages are creating a new round of delays at processed food and fresh produce companies, leading to empty supermarket shelves at major US retailers. Producers of perishables across the West Coast are paying nearly triple pre-pandemic freight rates to … Read more