Stocks News

WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April as measures of new orders and shipments surged.

(Reuters) – Merck & Co expects a research-and-development charge of about $10.3 billion, or $4 per share, this year as the drugmaker accounts its deal for Prometheus Biosciences Inc as an asset acquisition, CFO Caroline Litchfield said.

WILMINGTON, Del (Reuters) – Dominion Voting Systems’ $1.6 billion defamation trial against Fox will proceed with jury selection starting on Tuesday, a judge announced on Monday.

By Stephen Nellis (Reuters) – Adobe Inc on Monday said it plans to introduce new artificial intelligence (AI) features into its video editing software used by the film and television industries.

By John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by Sanofi SA to revive its antitrust lawsuit accusing rival pharmaceutical company Viatris Inc of illegally monopolizing the market with its EpiPen auto-injector, a device used to treat severe

By Carolina Mandl NEW YORK (Reuters) – Big global money managers got rid of a high volume of Chinese equities in recent days, while adding U.S. energy shares to portfolios at a near-record pace, according to a Goldman Sachs report.

(Reuters) – State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in fee income due to the recent U.S. banking crisis, sending the company’s shares down 10% in premarket trading.

New orders and shipments rose significantly in April, contributing to a surprising increase in the Empire State business index.

By Akash Sriram (Reuters) – Tesla Inc’s first-quarter margins are anticipated to have hit a more than three-year low as the electric-vehicle maker slashed prices to lure more buyers in the face of rising competition and a weak economy.

By Jeffrey Dastin (Reuters) – The artificial intelligence behind ChatGPT, the homework-drafting chatbot that some schools have banned, is coming to more students via the company Chegg Inc.

(Reuters) – M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve’s rapid rate hikes to tame high inflation boosted the lender’s interest income.

By Rozanna Latiff and Yantoultra Ngui KUALA LUMPUR/SINGAPORE (Reuters) – Malaysia plans to introduce a second 5G network from next year, four sources told Reuters, in the latest policy shake-up aimed at dismantling monopolies and promoting competition by Prime Minister Anwar Ibrahim’s six-month-old administration.

KUALA LUMPUR (Reuters) – The Malaysian government is re-evaluating a $3.9 billion settlement deal reached between the previous administration and U.S. investment bank Goldman Sachs over the 1MDB financial scandal, state news agency Bernama reported on Monday.

MILAN (Reuters) – Exor, the holding company of Italy’s Agnelli family, said on Monday its Chairman Ajay Banga would not seek reappointment to the company’s board following his recent nomination as the next president of the World Bank.

A look at the day ahead in U.S. and global markets from Mike Dolan.

By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Quantum computers promise to be millions of times faster than today’s fastest supercomputers, potentially revolutionizing everything from medical research to the way people solve problems of climate change. The wait for these machines, though, has been long, despite

By Yuvraj Malik (Reuters) – Netflix Inc is expected to report that it added some 2 million subscribers in the first quarter and investors will scrutinize whether recent price cuts and the launch of an ad-supported plan are tempting people to subscribe and stay on.

JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said.

(Reuters) – Netflix Inc. is down for more than 11,000 users in the United States on late Sunday, according outage tracking website Downdetector.com.

By Jack Queen (Reuters) – One of the most closely watched U.S. media trials in decades kicks off in a Delaware court on Monday as Fox Corp and Fox News face a $1.6 billion defamation lawsuit by Dominion Voting Systems over the network’s coverage of false