Financial News

-Dell Technologies Inc said on Thursday it expects PC backlog to balloon in the first quarter due to supply chain constraints and reported a quarterly profit miss, sending its shares …

By Ann Saphir, Jonnelle Marte and Lindsay Dunsmuir – Federal Reserve policymakers on Thursday signaled the conflict in Ukraine will not budge them from their expected course of rate hikes …

By Praveen Paramasivam and Hilary Russ -Beyond Meat Inc forecast annual revenue below estimates on Thursday, hitting its share price, as it faced stiffer competition amid flat demand for plant-based …

By Nichola Groom -The Biden’s administration’s sale of offshore wind development rights off the coasts of New York and New Jersey surged past all expectations on Thursday to reach more …

WASHINGTON – World Bank President David Malpass said on Thursday the lender stands ready to provide immediate support to Ukraine amid “shocking violence and loss of life,” and is preparing …

By Diane Bartz -The U.S. Justice Department on Thursday sued to stop UnitedHealth Group’s $8 billion acquisition of Change Healthcare, saying the deal would give the largest U.S. health insurer …

By Nina Chestney, Nigel Hunt and Pratima Desai LONDON – Commodity prices jumped to multi-year highs on Thursday after Russia invaded Ukraine, raising the prospect of tighter supplies due to …

– Centene Corp said on Thursday its board had approved a request from its chairman and chief executive officer Michael Neidorff for a period of medical leave, effective immediately. The …

By Diane Bartz WASHINGTON – The U.S. Federal Trade Commission said on Thursday it was seeking public comment on how pharmacy benefit managers (PBMs) affect smaller pharmacies and consumers, after …

WELLINGTON – New Zealand retail sales volumes rose a seasonally adjusted 8.6% in the fourth quarter of 2021, data from Statistics New Zealand showed on Friday, compared to a drop …

By Nia Williams CALGARY, Alberta – Canada’s biggest oil-producing province Alberta is expecting its first budget surplus since 2014/15, Finance Minister Travis Toews said on Thursday, as soaring global energy …

MOSCOW -Three Russian banks including the country’s biggest, Sberbank, on Friday played down the impact of sanctions imposed on them by the United States after Russia’s invasion of Ukraine and …

By Luc Cohen NEW YORK – Two Goldman Sachs bankers concocted a scheme involving their wives to conceal kickbacks they received for helping to loot Malaysia’s 1MDB sovereign wealth fund, …

By Ben Klayman DETROIT – Rivian Automotive is “making progress” in the increase of production for electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% …

MOSCOW – Russia’s central bank is ready to support banks hit by Western sanctions, it said on Friday, promising to provide them with rouble and foreign exchange liquidity while saying …

By Tom Sims, Iain Withers and David Henry FRANKFURT/LONDON/NEW YORK – Financial firms from Frankfurt to Wall Street suffered heavy share price falls on Thursday as they grappled with the …

By Sheila Dang – Online message board platform Reddit Inc said on Thursday it is launching a new Discover tab that will feature photos and videos from across the site …

– Australia’s Lynas Rare Earths Ltd posted a record first-half profit on Friday, helped by a surge in demand for the minerals used in electric vehicles amid a global push …

By David Henry and Matt Scuffham NEW YORK – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly …

By Sinéad Carew NEW YORK -Investors rediscovered much of their appetite for riskier bets by Thursday afternoon with the MSCI global index finishing well above its session low and the …

-U.S. cryptocurrency exchange Coinbase Global Inc on Thursday reported a surge in quarterly trading volumes on a sequential basis as volatility in prices drew in retail traders, but warned that …

By Marcela Ayres BRASILIA – Brazil’s central bank said it is prepared to act in the exchange market in case of disproportionate contamination on prices, highlighting it is paying close …

By Tommy Wilkes and John McCrank LONDON/NEW YORK – Britain and the United States targeted Russian banks on Thursday as part of a new package of sanctions following Moscow’s invasion …

– U.S. rare earth miner MP Materials Corp on Thursday posted a higher fourth-quarter profit, helped by rising prices for the minerals used to make high-end electronics and weaponry. Rare …

– U.S. shale oil firm EOG Resources Inc on Thursday reported a jump in fourth-quarter profit as crude prices soared to multi-year highs following a rebound in demand as the …