Google trial wraps up as judge weighs landmark US antitrust claims
By Mike Scarcella WASHINGTON (Reuters) -Google and the U.S. Justice Department wrapped up closing arguments on Friday over claims that…
Day: May 3, 2024
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
(Reuters) – Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company,…
Exxon to take 18-24 months to hit full stride with Pioneer purchase
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil will take 18 to 24 months to achieve its full production synergies from…
US small caps struggle as elevated interest rates take a toll
By David Randall NEW YORK (Reuters) – The prospect of interest rates remaining elevated as the Federal Reserve battles inflation…
Apple shares jump as record buyback and upbeat forecast lure investors
By Aditya Soni (Reuters) -Apple shares jumped 7% on Friday as the iPhone maker’s record stock buyback plan and promise…
Weaker US jobs data soothes Fed worries of renewed overheating
By Howard Schneider and Lindsay Dunsmuir (Reuters) – Federal Reserve officials, buffeted by concerns the economy might again overheat, got…
Novo Nordisk drops 5% after rival Amgen teases weight-loss drug data
(Reuters) – Shares in Danish drugmaker Novo Nordisk dropped as much as 5.3% on Friday, set for their biggest one-day…
Apple unveils record $110 billion buyback as results beat low expectations
By Stephen Nellis, Max A. Cherney and Yuvraj Malik (Reuters) – Apple’s quarterly results and forecast beat modest expectations on…
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…