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Satellite maker Apex raises $200 million to boost production for Golden Dome
By Mike Stone WASHINGTON, April 29 (Reuters) - Satellite manufacturer Apex has raised $200 million to increase production and meet surging demand for its configurable spacecraft platforms and in hopes of snagging lucrative Golden Dome missile defense shields contracts in the future, the company s...Reuters
Apr 29, 2025
Commodities
House Republicans propose $15 billion for air traffic control, new $200 EV fee
By David Shepardson WASHINGTON, April 29 (Reuters) - U.S. House Republicans are proposing $15 billion in new funding for air traffic control reform and a new $200 fee on electric cars as part of wide-range tax reform bill under consideration.The House Transportation and Infrastructure Committee o...Reuters
Apr 29, 2025
Other
Wildfire MGA Delos adds Farmers’ Coffman as chief revenue officer
By Mia MacGregorApril 29 - (The Insurer) - Wildfire-focused MGA Delos Insurance Solutions has appointed Jeremy Coffman as chief revenue officer.Coffman joins Delos from Farmers Insurance, where he spent nearly five years as senior vice president of strategic partnerships. Before that, he held roles ...Reuters
Apr 29, 2025
Other
Citigroup's shareholders approve 2024 pay for CEO, executives, new shares for grants
By Tatiana Bautzer and Niket Nishant NEW YORK, April 29 (Reuters) - A large majority of Citigroup shareholders has approved CEO's Jane Fraser's 33% pay increase to $34.5 million at a virtual annual meeting held on Tuesday, as well as the compensation for other senior executives. During t...Reuters
Apr 29, 2025
Other
Old Republic appoints Lehman as president for its Bitco subsidiary
By Isha MaratheApril 29 - (The Insurer) - Bitco Insurance Companies, an Old Republic Specialty Insurance Group subsidiary, has appointed Meyer Lehman as president, effective May 1, succeeding Vince Lamb.Lamb will continue as CEO of Bitco.Lehman has over 20 years of experience in the industry. Befor...Reuters
Apr 29, 2025
Stocks
European first-quarter corporate profits seen falling 1.7% as trade war tensions abate
April 29 (Reuters) - The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday, amid optimism over potential U.S. trading deals with key trading partners, especially China.European companies are expected to report a drop of 1.7% in first-quarter earnings...Reuters
Apr 29, 2025
Economic Indicator
USD/CAD continues to hold 1.3800 on slight optimism in US-China trade war de-escalation
The USD/CAD pair moves slightly higher to near 1.3855 during North American trading hours on Tuesday. The Loonie pair gains as the US Dollar (USD) ticks higher, with investors turning slightly optimistic on de-escalation in the trade war between the United States (US) and China.
Fxstreet
Apr 29, 2025
Stocks
Gold miners fall on easing trade tensions
** Shares of gold miners fall, tracking drop in bullion prices GOL/** Spot gold XAU= down 1.2% at $3,300.57/oz on softening trade tensions** Newmont NEM.N falls 1.3% and Barrick Gold ABX.TO down ~1 ** South Africa's Gold Fields GFI.N falls 1.1%, AngloGold Ashanti AU.N dips 1.3% and Harmony...Reuters
Apr 29, 2025
Other
GM recalling 721,000 vehicles over engine issue
By David ShepardsonWASHINGTON, April 29 (Reuters) - GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced on Tuesday.The Detroit automaker is recalling 2021 through 2024 model-year Cadillac Escal...Reuters
Apr 29, 2025
Stocks
US STOCKS-S&P 500, Nasdaq inch down on Sino-US trade war developments, earnings
Indexes: Dow up 0.28%, S&P 500 down 0.08%, Nasdaq off 0.17%Honeywell gains after rise in Q1 profit General Motors pulls forecast on tariff uncertainty HSBC slashes S&P 500 year-end targetBy Lisa Pauline Mattackal and Purvi Agarwal April 29 (Reuters) - The S&P 500 and the Nasdaq ed...Reuters
Apr 29, 2025
Other
Wells Fargo to buy back up to $40 bln of its common stock
April 29 (Reuters) - Wells Fargo WFC.N said on Tuesday that its board had authorized a stock buyback program of up to $40 billion. The new plan will take effect upon the completion of the current repurchase program, it said.Reuters
Apr 29, 2025
Economic Indicator
TREASURIES-Yields fall to three-week low as economic data weakens
By Karen Brettell April 29 (Reuters) - Benchmark 10-year U.S. Treasury yields fell for the sixth consecutive day to a three-week low on Tuesday after data showed that U.S. job openings dropped sharply in March while consumer confidence hit an almost five-year low. Job openings, a measure of l...Reuters
Apr 29, 2025
Stocks
Zebra Technologies rises after Q1 profit beat
** Shares of barcode scanner maker Zebra Technologies ZBRA.O rise 5.1% at $256.** Co beats Q1 profit estimate on the back of strong demand and tight cost control** It reports Q1 adj. EPS of $4.02 beating Wall Street expectations of $3.62 - data compiled by LSEG** However, ZBRA becomes the latest fir...Reuters
Apr 29, 2025
Economic Indicator
Hilton cuts 2025 revenue growth forecast as US travel demand softens
By Aishwarya Jain April 29 (Reuters) - Hilton Worldwide HLT.N cut its forecast for 2025 room revenue growth on Tuesday, becoming the first U.S.-based hotel operator to temper its outlook as consumer spending on travel takes a hit from a global trade war.American consumers are growing cautious abo...Reuters
Apr 29, 2025
Stocks
Eagle Bancorp Montana Inc reports results for the quarter ended March 31 - Earnings Summary
Eagle Bancorp Montana Inc EBMT.OQ reported quarterly adjusted earnings of 41 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of three analysts for the quarter was for earnings of 32 cents per s...Reuters
Apr 29, 2025
Stocks
Grupo Aeroportuario del Centro Norte SAB de CV reports results for the quarter ended March 31 - Earnings Summary
Grupo Aeroportuario del Centro Norte SAB de CV OMAB.OQ reported quarterly adjusted earnings of $1.31 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.32. The mean expectation of three analysts for the quarter was for earnings of ...Reuters
Apr 29, 2025
Stocks
Altria up after upbeat Q1 results on demand for smoking alternatives
** Shares of Marlboro maker Altria MO.N up 1.5% at $59.11 in early trade** Co beats estimates for Q1 sales and profit, helped by rising demand for its smoking alternatives, such as on! nicotine pouches and NJOY vapes** However, flags an $873 million impairment at its e-cigarette business, where ship...Reuters
Apr 29, 2025
Commodities
Spain, Portugal switch back on, seek answers after biggest ever blackout
Electricity restored to most of Spain, PortugalAuthorities under pressure to explain Monday's blackoutSpanish schools reopen, public transport restartsPower outage was one of biggest ever seen in Europe MADRID, April 29 (Reuters) - Spain and Portugal switched their power back on after the wor...Reuters
Apr 29, 2025
Other
Brown & Brown share price slides 7% after organic growth miss
By David BullApril 29 - (The Insurer) - Brown & Brown reported in-line quarterly earnings and an organic revenue growth miss on Monday, triggering an adverse reaction from investors with the intermediary’s shares trading down 7% at around 10.00 a.m. in New York on Tuesday.The Daytona Beach, Flor...Reuters
Apr 29, 2025
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