Page 451 - Reuters

Visa results beat Wall Street estimates on resilient consumer spending

Credit card giant American Express also beat expectations for first-quarter profit last week

Boeing, Spirit agree on $425 mn deal to address supplier's issues

Spirit will also provide to Boeing specified financial information on a weekly basis

Tesla could start selling Optimus robots by end of 2025: Elon Musk

Musk told investors on a conference call that he guessed the Tesla robot, called Optimus, would be able to perform tasks in the factory by the end of this year

EU parl approves rules requiring companies to repair worn-out products

Consumers will gain the right to choose either a repair - or a replacement - for faulty products while the product is still under guarantee

Microsoft launches lightweight artificial intelligence model Phi-3-mini

SLMs are designed to perform simpler tasks, making it easier for use by companies with limited resources, the company said

Tesla to lay off nearly 2,700 employees in Texas factory, says report

The notice on Monday was issued under the WARN Act, a U.S. labor law that requires companies with 100 or more employees to notify 60 days ahead of planned closings or mass layoffs

Tesla shares rise 2.3% to $145 in early trading ahead of quarterly results

The stock was up 2.3% at $145.34 in volatile early trading ahead of the report, due after the closing bell

Apple's Q1 smartphone shipments in China down by 19%, worst since 2020

Apple lost its crown as the biggest smartphone seller in China to rival Vivo

China turns heat up on cross-border investments in local govt debt: Report

Local governments in China have the authority to grant QDLP licenses, and Hainan has been one of the most active issuers of such approvals

IIFL Finance's RBI-directed audit starts after March gold loan ban

The RBI said in March that the restrictions will be reviewed after completion of a special audit and the company's rectification of the audit findings

US business activity cools in April to 4-month low due to weaker demand

S&P Global said on Tuesday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors

Prosecutors ask to punish Trump for violating gag order in hush money trial

As Trump watched from the defense table, New York prosecutor Christopher Conroy cited posts from the former president's Truth Social platform that he said violated the gag order

ICICI Prudential Life Insurance Q4 results: PAT declines 26% to Rs 174 cr

The decline in VNB margin is primarily on account of the shift in the underlying product mix towards unit-linked business, the company said in an exchange filing

MSCI Q1 results: Profit jumps on higher demand for index products April 23

Companies such as MSCI benefit from market swings as investors rush to rebalance portfolios and hedge against risks

Govt bond yields edge lower as oil prices stabilises, awaits fresh triggers

The benchmark Brent crude contract, which had crossed $92 per barrel earlier this month on fears of an escalation in the Middle East conflict

Russia to step up strikes on bases storing Western weapons in Ukraine

In remarks to defence officials, Shoigu said Russia had "dispelled the myth of the superiority of Western weapons" and its forces had gained the initiative along the 1,000 km (600-mile) battle front

General Motors beats quarterly results targets, raises annual forecast

"Our consumer has been remarkably resilient in this period of higher interest rates," GM Chief Financial Officer Paul Jacobson said

Spotify Q1 results: Revenue increases by 14%, in line with estimates

First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million

UBS gets backing for capital plan, Ermotti pay from Norway wealth fund

The move could come at a cost for shareholders, who could see their holdings diluted in a crisis

PepsiCo Q1 results: Net revenue rises to $18.25 billion, beats expectations

Several rounds of price hikes in the U.S. have led consumers in the region to push back on the company's sodas and juices as sticky inflation makes customers cautious with their spending