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Moody: Two presidents have a Mexico first policy
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Thursday, May 2
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SRN News
Companies shift profits into record dividends, but show more caution on stock buybacks
NEW YORK (AP) — Companies continued rewarding investors with healthy dividends in 2023 even as they tread more cautiously with returning profits through stock buybacks. Dividends hit a record $1.66 trillion globally last year, while stock buybacks eased. Investors can likely expect more dividend growth ...
Thursday, May 2
by
SRN News
ConocoPhillips misses quarterly profit estimates on lower gas prices
(Reuters) -U.S. oil and gas producer ConocoPhillips missed Wall Street estimates for first-quarter profit on Thursday, as demand concerns led to a sharp fall in natural gas prices. A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down natural ...
Thursday, May 2
by
SRN News
NYSE-parent ICE’s profit rises on record surge in energy market volatility
(Reuters) -Intercontinental Exchange reported a rise in adjusted profit for the first quarter on Thursday as volumes hit a record on surge in energy markets trading. The conflict in the Middle East has resulted in a reshaping of the global commodities and energy markets, ...
Thursday, May 2
by
SRN News
Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute. The two sides said Thursday that they are ...
Thursday, May 2
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SRN News
OPEC+ could extend oil cuts, formal talks yet to start, sources say
By Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) – OPEC and its allies have yet to begin formal talks on extending 2.2 million barrels per day of voluntary oil output cuts beyond June, but three sources from OPEC+ producers who have ...
Thursday, May 2
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SRN News
Wind farm developer Orsted confident about strategy after Q1 profit rises
By Louise Rasmussen COPENHAGEN (Reuters) – Orsted, the world’s biggest offshore wind farm developer, reported on Thursday a rise in first-quarter operating profit thanks to higher earnings from its offshore wind farms, and confirmed its full-year guidance. The offshore wind ...
Thursday, May 2
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SRN News
Regeneron misses profit estimates on weaker Eylea and Dupixent sales
(Reuters) -U.S. drugmaker Regeneron Pharmaceuticals Inc missed Wall Street estimates for first-quarter profit on Thursday due to softer sales of its blockbuster eye drug Eylea and its eczema treatment, Dupixent. Excluding items, the company reported a profit of $9.55 per share for the quarter, compared ...
Thursday, May 2
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SRN News
Thomson Reuters raises 2024 forecast on first quarter performance
-Thomson Reuters beat first quarter revenue expectations, lifted its annual financial forecast and raised its annual dividend by 10% to $2.16 on Thursday as it continued to invest heavily in artificial intelligence. The Toronto-based news and information provider reported an 8% rise in first quarter revenue ...
Thursday, May 2
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SRN News
EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration
BEIRUT (AP) — The European Union announced on Thursday an aid package for Lebanon of 1 billion euros — about $1.06 billion — much of which will go to strengthening border control to halt the flow of asylum seekers and migrants from the small, ...
Thursday, May 2
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SRN News
Japan’s Kishida unveils a framework for global regulation of generative AI
PARIS (AP) — Japanese Prime Minister Fumio Kishida unveiled an international framework for regulation and use of generative AI on Thursday, adding to global efforts on governance for the rapidly advancing technology. Kishida made the announcement in a speech at the Paris-based Organization for ...
Thursday, May 2
by
SRN News
Google faces closing arguments in US market power trial
WASHINGTON (Reuters) – The U.S. government will layout its antitrust case against Alphabet’s Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top. ...
Thursday, May 2
by
SRN News
Cigna sees strong annual profit on lower costs, pharmacy benefit strength
(Reuters) – Health insurer Cigna Group raised its annual profit forecast on Thursday, as lower-than-expected medical costs and strength in its pharmacy benefit management unit helped it beat first-quarter earnings estimates. The company now expects an adjusted profit of at ...
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