Stocks News

(Reuters) – McDonald’s Corp is cutting pay packages for some employees as part of a restructuring that includes layoffs as well as the shutting down of some offices, the Wall Street Journal reported on Friday, citing people familiar with the matter.

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. Treasury yields climbed and U.S. index futures closed modestly higher after employment data for March indicated the labor market remains tight, but was largely in line with market expectations.

SHANGHAI (Reuters) – Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT.

By Ricardo Brito (Reuters) – Giants of the orange juice trade in Brazil have become defendants in a class-action lawsuit seeking billions in damages over an alleged price-fixing scheme that ran between 1999 and 2006, a prosecutor told Reuters.

(Reuters) – JPMorgan Chase & Co is being scrutinized by U.S. regulators for the due diligence the bank conducted on a number of its past acquisitions, the Financial Times reported on Friday, citing people familiar with the matter.

By David Shepardson WASHINGTON (Reuters) – Used electric vehicle sales in the United States rose 32% in the first three months of 2023 as prices fell, data provider Cox Automotive said on Friday.

By Tim Hepher and Sophie Yu PARIS/BEIJING (Reuters) – China and France will study the need for cargo planes and long-haul jets “in due course,” a joint statement said on Friday, following a state visit by French President Emmanuel Macron.

By Nupur Anand and Koh Gui Qing NEW YORK (Reuters) – For months, consumers have clamored for banks to pay out more for deposits as the Federal Reserve raised interest rates. Now analysts say after the banking crisis shook markets last month, lenders appear to be

PARIS (Reuters) – Airbus deliveries fell by 9% to 11% to 127 jets in the first quarter, underscoring pressure on global supply chains, industry sources told Reuters.

US Payrolls rise by 236k in March 2023, while unemployment rate dips to 3.5% and average hourly earnings increase.

By Clotaire Achi LIMOGES, France (Reuters) – French armoured truck maker Arquus, specialised in manufacturing high-tech off-road military vehicles, has gone back to producing more low-tech undercarriages for howitzers as the ground war in Ukraine boosts demand for artillery.

(Reuters) – Paramount Global is exploring selling a majority stake in its online learning service for children, Noggin, the Wall Street Journal reported on Friday, citing people familiar with the situation.

TOKYO (Reuters) – Toyota Motor Corp aims to introduce 10 new battery electric vehicle models by 2026, a senior executive said on Friday, as the Japanese automaker looks to catch up in electric vehicles.

ROME (Reuters) – The United Nations food agency’s world price index fell in March for a 12th consecutive month, and is now down 20.5% from a record high hit one year ago following Russia’s invasion of Ukraine.

By Heekyong Yang SEOUL (Reuters) – South Korea on Friday said it will provide 7 trillion won ($5.32 billion) in financial support for its battery makers seeking to invest in infrastructure in North America over the next five years to help firms cope with the U.S.

(Reuters) – Tesla Inc has slashed prices of its electric vehicles in the United States, its website showed on Thursday, doubling down on a discount drive against the backdrop of a weakening economy.

TOKYO (Reuters) – ValueAct Capital said on Friday that Seven & i Holdings had failed to provide clear answers to the questions the activist fund sent to the Japanese retail giant.

(Reuters) – Icelandair Group HF said on Friday it secured a deal to purchase about 25 of European planemaker Airbus SE’s latest A321XLR single-aisle jet, with deliveries slated to begin in 2029.

SEOUL (Reuters) -Samsung Electronics Co Ltd reported a likely 96% plunge in first-quarter operating profit on Friday, worse than analysts had forecast, as a chip glut worsened and buyers slowed purchases amid a global economic slowdown.

By Maiya Keidan TORONTO (Reuters) – Canadian dealmakers are optimistic about a return to strength in the second half of the year after mergers and acquisitions (M&A) in the first quarter dropped to pandemic levels, belayed by higher borrowing costs and panic around a banking crisis.