Financial News

MEXICO CITY -Mexican distiller Becle, the parent company of the popular Jose Cuervo tequila brand, on Thursday reported fourth-quarter net profit surged by nearly three-quarters, spurred by sales growth in …

MEXICO CITY – Steel producer Ternium plans to spend around $1 billion on expanding its plant in northern Mexico, a top executive said during a call to discuss fourth-quarter results. …

By Chuck Mikolajczak NEW YORK – U.S. stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors …

– Warren Buffett said Berkshire Hathaway Inc’s recent investment in Activision Blizzard Inc has been “no bonanza” for Berkshire, and was made without knowing the video game maker would receive …

WASHINGTON – The Federal Communications Commission (FCC) said on Thursday that voice service providers Bandwidth Inc and Vonage Holding lost a partial exemption from standards aimed at stopping robocalls and …

-Specialty chemicals company Celanese Corp is nearing a deal to buy DuPont de Nemours Inc’s mobility and materials unit for more than $10 billion, Bloomberg News reported on Thursday, citing …

By Jonnelle Marte -The Federal Reserve will need to move more aggressively to remove accommodation than it did following the Great Recession by raising interest rates at a faster pace …

– Abbott Laboratories said on Thursday it was recalling powdered baby formulas, including Similac, made at a Michigan facility after four consumers complained about bacterial infections in infants who consumed …

– Roku Inc reported quarterly revenue on Thursday that missed estimates, as the company was hit by supply chain issues that affected sales of television sets and its own streaming …

By Jonathan Stempel NEW YORK -Tesla Inc and its Chief Executive Elon Musk on Thursday accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and …

-Shake Shack Inc forecast first-quarter revenue below estimates as the fast-spreading Omicron variant kept diners away and led to temporary restaurant closures, sending the burger chain’s shares down 10% in …

WASHINGTON – The U.S. Federal Trade Commission, which enforces consumer protection rules, voted on Thursday to embark on regulations that would allow it to win back money from companies that …

– Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a …

– Morgan Stanley expects the U.S. Federal Reserve to raise interest rates six times this year for a total of 150 basis points, a faster increase than previously predicted, according …

By Gertrude Chavez-Dreyfuss and Caroline Valetkevitch NEW YORK -The safe-haven Japanese yen and Swiss franc climbed to two-week peaks against the U.S. dollar on Thursday, on worries about escalating Russia-Ukraine …

– U.S. officials held discussions with Saudi Arabia about a “collaborative approach” to managing potential market pressures stemming from a possible Russian invasion of Ukraine, the White House said on …

– Bitcoin dropped 7.4% to $40,631.78 at 2205 GMT on Thursday, down $3,248.05 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 15.3% from the year-to-date …

By Ann Saphir – Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to …

By Herbert Lash NEW YORK – Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia …

– U.S. stocks tumbled on Thursday, with investors hastening a move late in the session toward defensive sectors and safe havens such as U.S. bonds and gold as geopolitical tensions …

– Intel Corp said on Thursday it has pushed back the launch of standalone graphics chips for desktops to the second quarter, while those for laptops will be rolled out …

By Matt Scuffham, Noor Zainab Hussain and Elizabeth Dilts Marshall NEW YORK -Wall Street’s biggest banks sounded a warning over the year ahead on Thursday, citing high inflation, credit concerns, …

By Anthony Esposito and Ana Isabel Martinez MEXICO CITY -The expectation that the Federal Reserve will start hiking interest rate soon has put limits on Mexico’s monetary policy, Bank of …

By Arriana McLymore and Uday Sampath Kumar -Walmart Inc fought off snarled supply chains and rising inflation to post its largest-ever holiday season sales and forecast more gains in 2022, …

By Valentine Baldassari -Ubisoft, the maker of the blockbuster “Assassin’s Creed” video game franchise, said on Thursday it expected to post full-year results at the lower end of its guidance …