Tuesday, 3 May 2022

Reuters Business: Futures slip as earnings disappoint, eyes on Fed

Futures slip as earnings disappoint, eyes on Fed

U.S. stock index futures fell on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices.

Musk says he wants to boost Twitter use from 'niche' to most Americans

Tesla Inc Chief Executive Elon Musk said on Monday he wants to expand the reach of Twitter beyond the current "niche" until most Americans use the social media platform.

Paramount misses quarterly revenue estimates on weak TV ad sales

Paramount Global said on Tuesday it added over 6 million streaming subscribers in the first quarter but missed revenue estimates, hurt by weaker TV advertising sales in a period without the Super Bowl broadcast.

Euro holds near five-year low as potential Fed hike nears

The euro held close to a five-year low against the U.S. dollar on Tuesday with the Federal Reserve expected to hike rates this week, while traders wait for European Central Bank President Christine Lagarde to give clues on her monetary policy plans.

Biogen CEO to step down; drugmaker plans further Aduhelm cost cuts

Biogen Inc's Chief Executive Officer Michel Vounatsos is stepping down, at a time the drugmaker is grappling with insurance coverage issues related to its Alzheimer's drug Aduhelm.

Hilton resumes capital return earlier than expected after profit beat

Hotel operator Hilton Worldwide Holdings Inc said on Tuesday it had resumed returning capital to shareholders earlier than expected, after reporting a better-than-expected quarterly profit as travel demand rebounded.

KKR's first-quarter earnings jump 47% on strong asset sales, fees

Private equity firm KKR & Co Inc said on Tuesday that its first-quarter distributable earnings rose 47% year-on-year, thanks to a surge in asset sales and a rise in revenue from fees it charges investors to manage their money.

Maryland Apple store employees launch union drive - Washington Post

A group of employees at an Apple Inc store in Maryland started a drive to form a union on Tuesday, the Washington Post reported.

Teva Pharm Q1 profit down, cuts 2022 revenue outlook

Israel-based Teva Pharmaceutical Industries , which continues to forge legal settlements in U.S. opioid cases, reported as expected first-quarter profit and trimmed 2022 revenue estimates due to currency fluctuations.

Russian retailers in talks to import goods via Kazakhstan -report

Russian retailers Magnit and Lenta are in talks with their suppliers and other parties about importing goods via Kazakhstan, Russia's southern neighbour and close partner, a Kazakh official was quoted as saying on Tuesday.

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