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National Australia Bank posts first-half profit miss, warns of Middle East conflict risks

May 4 (Reuters) - National Australia Bank reported weaker-than-expected first-half cash earnings on Monday, hurt by one-off and impairment charges, while cautioning that the Iran war posed risks to its underlying asset quality. "While underlying asset quality outcomes have generally improved in 1H26, the outlook ...
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‘The Devil Wears Prada’ struts to first place with $77 million debut

Twenty years after the original, the sequel to "The Devil Wears Prada" made a splash in its first weekend in theaters. Driven largely by women, "The Devil Wears Prada 2" earned $77 million in the U.S. and Canada, and $156.6 million internationally, according to ...
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Kashkari says Iran war limits Fed’s ability to provide rate guidance

By Michael S. Derby May 3 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the longer the Iran war goes on, the greater the risks of higher inflation and economic damage, all of which limit how much guidance the central ...
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Recent inflation data was ‘bad news,’ Fed’s Goolsbee says 

By Howard Schneider WASHINGTON, May 2 (Reuters) - Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday. "We have ...
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Berkshire shareholders like Greg Abel, but following Warren Buffett is tough

By Jonathan Stempel OMAHA, Nebraska, May 3 (Reuters) - Greg Abel earns wide praise from shareholders for his leadership and management abilities at Berkshire Hathaway, but the aura created by his predecessor and mentor Warren Buffett has begun to fade. Empty seats and diminished crowds were ...
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Berkshire shareholders reject report on workforce oversight, approve say-on-pay

By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway shareholders on Saturday overwhelmingly rejected a proposal to publish a report discussing how the conglomerate oversees its more than 387,000 employees at nearly 200 businesses. Shareholders also approved proposals backed by Berkshire's board of directors ...
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Berkshire CEO Greg Abel says insurance becoming increasingly competitive

By Suzanne McGee and Jonathan Stempel NEW YORK/OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway reported improved first-quarter performance from the conglomerate's insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. "The reality is that ... as our insurance business softens, we ...
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OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say

By Alex Lawler, Olesya Astakhova and Ahmad Ghaddar LONDON, May 3 (Reuters) - OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf ...
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BUSINESS HEADLINES

Trump says he'll place 25% tariff on autos from the EU, accusing it of not complying with trade deal WASHINGTON (AP) - The head of the European Parliament trade committee calls President Donald Trump's tariff hike on European Union automobiles "unacceptable." Committee Chair Bernd Lange ...
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Padres announce agreement to sell team to investor group led by Kwanza Jones and José E. Feliciano

The San Diego Padres have reached an agreement to sell control of the team to an investor group led by Kwanza Jones and José E. Feliciano. The family of late owner Peter Seidler formally announced the deal Saturday. The sale must still be approved by ...
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Airlines reduce, cap fares for Spirit travelers looking to rebook canceled flights

(NEW YORK) -- The Department of Transportation said on Saturday the majority of airlines will be capping tickets prices for Spirit Airlines travelers who need to rebook their canceled flights.Some carriers have even reduced fares on high volume routes where Spirit used to operate.Spirit ...
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America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride

In the past week, many Americans remained laser focused on the economy, inflation and how those forces could impact their lives. But it is almost impossible not to notice that trips to the grocery store or gas station are more painful than they were ...
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