News
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Economic Indicator
Prada posts 12.5% increase in first quarter revenues thanks to Miu Miu's growth
MILAN, April 30 (Reuters) - Net revenues at Italian luxury group Prada 1913.F rose 12.5% at constant exchange rates in the first quarter, slightly above analysts expectations, thanks to a 60% jump in retail sales at its smaller brand Miu Miu. Prada's net revenues rose to 1.34 billion euros, the ...Reuters
Wed, Apr 30
Stocks
Lift maker Schindler will pass on some tariff costs to customers
By Bernadette HoggApril 30 (Reuters) - Swiss lift and escalator maker Schindler SCHP.S will pass on some tariff costs to customers while also working to improve efficiency in its supply chain, CEO Paolo Compagna told Reuters on Wednesday.The company estimates an annualised gross cost impact of 33 mi...Reuters
Wed, Apr 30
Stocks
Street View: PayPal maintains annual forecast amid uncertainty
** PayPal PYPL.O beat Wall Street estimates for Q1 profit and maintained its annual profit forecast on Tuesday, despite economic uncertainty** Median PT of the stock is $81 - data compiled by LSEG CAUTIOUS ABOUT ECONOMIC UNCERTAINTY ** J.P. Morgan ("Overweight", PT: $75) says brande...Reuters
Wed, Apr 30
Economic Indicator
Brazil's public sector gross debt down to 75.9% of GDP in March
BRASILIA, April 30 (Reuters) - Brazil's public sector gross debt decreased to 75.9% of gross domestic product (GDP) in March from 76.1% the month before, central bank data showed on Wednesday.The public sector recorded a primary surplus of 3.588 billion reais ($638.43 million) for the month, whi...Reuters
Wed, Apr 30
Commodities
Coca-Cola beats results estimates, warns tariffs could hurt sentiment
April 29 (Reuters) - Coca-Cola's KO.N quarterly revenue and profit beat estimates on Tuesday thanks to price hikes and strong demand for its sodas, but the beverage giant warned U.S. tariffs could impact costs and hurt consumer sentiment going ahead.
Reuters
Wed, Apr 30
Stocks
International Paper drops after Q1 results miss
** International Paper's IP.N shares down 2% premarket to $46.68 after packaging firm's qtrly results fall shy of Wall Street's expectations** Memphis, Tennessee-based firm said Q1 sales rose 28% y/y to $5.9 bln and it posted adj EPS of 23 cents vs loss of 2 cents a yr ago, driven by acq...Reuters
Wed, Apr 30
Forex
FOREX-Dollar firms as trade tensions ease but safe havens eye monthly gains
Dollar lifts slightly after latest Trump tariff back-trackEuro set for strongest monthly performance since November 2022Yen steady ahead of Bank of Japan policy decision Investors await US advance GDP data By Lucy Raitano and Ankur Banerjee London, April 30 (Reuters) - The dollar firmed on We...Reuters
Wed, Apr 30
Other
US backs Israel's ban on UNRWA Gaza aid operations at World Court
AMSTERDAM, April 30 (Reuters) - Israel cannot be forced to allow the U.N. Palestinian refugee agency UNRWA to operate in Gaza, the United States said on Wednesday at a World Court hearing in The Hague.Israel last year passed a law that banned UNRWA from operating in the country, as it said the organ...Reuters
Wed, Apr 30
Stocks
AI server makers Dell, HPE fall after Super Micro cuts forecast
Shares of AI server makers fall premarket after Super Micro SMCI.O cuts forecast due to customers delaying purchases. Dell DELL.N down 3.8%, Hewlett Packard Enterprise HPE.N slips 2.2%, SMCI itself tumbles 16.7%. While several big tech firms have reaffirmed AI spending plans, there are worries ...
Stocks
3 Moves Guaranteed to Shrink Your Social Security Check
Social Security benefits are an important income source for many seniors. If you expect these benefits to play a big role in funding your retirement, you need to understand that certain actions could shrink your monthly payments.Specifically, if you make these three moves, you'll end up with less mo...The Motley Fool
Wed, Apr 30
Other
Dubai airports CEO says tariff war makes tourism unpredictable
On tariffs, Paul Griffiths says the situation is volatile Dubai International to handle 96 million passengers in 2025Griffiths predicts China as major aircraft manufacturerBy Jana Choukeir DUBAI, April 30 (Reuters) - U.S. tariffs have increased volatility in international tourism, but visitor nu...Reuters
Wed, Apr 30
Stocks
GE HealthCare rises after quarterly results beat
** Shares of medical device maker GE HealthCare Technologies GEHC.O rise 6.8% to $72.71 premarket** Co posts Q1 adj. profit of $1.01 per share, beating analysts' avg estimate of 91 cents per share, according to data compiled by LSEG ** Company reports Q1 revenue of $4.78 billion vs estimate ...Reuters
Wed, Apr 30
Other
Shein weighs US restructuring as tariff risks cloud London IPO, FT reports
April 30 (Reuters) - Fast fashion retailer Shein is weighing a restructuring of its U.S. operations as U.S. President Donald Trump's tariffs on Chinese imports threaten to jeopardize its London IPO, the Financial Times reported on Wednesday.Reuters
Wed, Apr 30
Stocks
Exclusive: Ace Green makes supply deal as battery recycling group eyes SPAC merger
Investing.com - Ace Green Recycling has secured a multi-year material supply deal with trading firm OM Commodities, as the sustainable battery recycling technology provider advances its plans to go puInvesting.com
Wed, Apr 30
Stocks
US STOCKS-S&P 500, Nasdaq futures fall ahead of data storm, megacap earnings
Futures: Dow up 0.12%, S&P 500 down 0.24%, Nasdaq down 0.43%Q1 GDP, March PCE data due on day SMCI plunges after Q3 forecast trim By Lisa Pauline Mattackal and Purvi Agarwal April 30 (Reuters) - U.S. stock index futures were flat to slightly lower on Wednesday as investors braced for a spate ...Reuters
Wed, Apr 30
Stocks
Loblaw Companies Ltd reports results for the quarter ended March 31 - Earnings Summary
Loblaw Companies Ltd L.TO reported quarterly adjusted earnings of C$1.88 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of C$1.72. The mean expectation of nine analysts for the quarter was for earnings of C$1.87 per share. Wall Stre...Reuters
Wed, Apr 30
Commodities
US House Republicans to drop $20 vehicle registration fee, boost proposed EV fee to $250
WASHINGTON, April 30 (Reuters) - U.S. House Republicans will drop a proposed $20 federal annual registration fee on all vehicles starting in 2031 to fund road repairs and will now propose a new $250 annual fee on electric cars as part of a tax reform bill under consideration.The House Transportation...Reuters
Wed, Apr 30
Stocks
GLOBAL MARKETS-Shares drift, oil skids ahead of closely-watched US data
Concerns over global growth outlook undermine market moodOil tumbles more than 1%China's factory activity falls sharply as Trump tariffs biteDollar set for worst month in over two yearsBy Rae Wee and Alun John SINGAPORE/LONDON, April 30 (Reuters) - Shares struggled for direction on Wednesday ...Reuters
Wed, Apr 30
Stocks
Caterpillar shares yo-yo after company gives dual-scenario forecast
** Caterpillar's shares CAT.N up 2% at $313.61 premarket, swinging from a drop of nearly 7% earlier** Construction equipment maker gives two forecast scenarios based on including and excluding impact of U.S. tariffs** Expects 2025 sales to be flat vs 2024 if tariffs are not accounted for, or a s...Reuters
Wed, Apr 30
