Stocks News

(Reuters) – Billionaire Elon Musk is working on launching an artificial intelligence start-up that will rival ChatGPT-maker OpenAI, the Financial Times reported on Friday citing people familiar with his plans.

By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc’s hiring of Andy Sieg, the incoming head of its wealth management unit, underscores the lender’s ambitions in the business as well as the uphill climb it faces in gaining share in a competitive market.

(Reuters) – Boeing Co’s shares fell 4.5% in premarket trading on Friday after the U.S. planemaker halted deliveries of some 737 MAXs due to a new supplier quality problem by Spirit AeroSystems.

By Nupur Anand, Tatiana Bautzer and Saeed Azhar

(Reuters) – Futures for Canada’s commodity-heavy stock index edged up on Friday, tracking a rise in crude prices, while upbeat earnings from big U.S. banks supported optimistic investor mood.

By Wayne Cole SYDNEY (Reuters) – Asian shares firmed on Friday as Singapore became the latest country to pause its policy tightening and markets became more confident the likely next hike in U.S. rates would be the last this cycle.

By Steve Stecklow, Waylon Cunningham and Hyunjoo Jin

By Hilary Russ and Katherine Masters NEW YORK (Reuters) – Tupperware’s financial woes follow a proliferation of free restaurant to-go boxes after a pandemic-era surge in delivery and carryout orders, and an onslaught of competition from cheaper food storage containers like Clorox’s GladWare.

SHANGHAI (Reuters) – China’s Zeekr has hired a former Lexus executive to helm its operations in Europe, according to a memo seen by Reuters, as the electric vehicle (EV) maker plans to sell into the region later this year.

(Reuters) – Wall Street futures slipped on Friday as investors awaited earnings from big U.S. banks for signs of stress in the sector and the economy after the failure of two mid-sized lenders last month sparked concerns about a potential recession.

By Andrew Chung (Reuters) – The U.S. Supreme Court on Friday made it easier to challenge the regulatory power of federal agencies in two important rulings backing Axon Enterprise Inc’s bid to sue the Federal Trade Commission and a Texas accountant’s gripe with the Securities and

By Kantaro Komiya TOKYO (Reuters) -Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a large resort aimed at attracting domestic and international tourist spending.

(Reuters) – Best Buy Co Inc is cutting store jobs across the United States, the Wall Street Journal reported on Friday, citing people familiar with the situation.

By Rae Wee SINGAPORE (Reuters) – The U.S. dollar languished near a two-month low against major peers on Friday while the euro flirted with a one-year peak, as traders ramped up expectations of an imminent end to the U.S. Federal Reserve’s rate-hike cycle on signs of

By Andrew Hayley BEIJING (Reuters) – Oil prices rose in early Asian trade on Friday, after falling 1% in the previous session, as the market weighed supportive supply conditions ahead of the International Energy Agency’s monthly demand outlook.

By Isla Binnie NEW YORK (Reuters) – Firms find that investors penalize their stock less for high greenhouse gas emissions if they voluntarily disclose that data, researchers at Lazard’s climate center said on Friday.

By Mehnaz Yasmin and Niket Nishant (Reuters) – JPMorgan Chase & Co on Friday reported a surge in deposits in the first quarter, as the sudden collapse of two U.S. regional banks in March drove customers to move their money to bigger lenders.

(Reuters) – Contract drug manufacturer Catalent Inc on Friday warned that its fiscal fourth-quarter results would be hit by lower productivity at three of its manufacturing facilities.

(Reuters) – JPMorgan Chase & Co’s profit climbed in the first quarter as higher interest rates boosted its consumer business in a period that saw two of the biggest banking failures in U.S. history.

(Reuters) – BlackRock Inc posted an 18% drop in its first-quarter profit on Friday as the market turmoil last month due to the recent banking crisis squeezed its fee income.