Strong US retail sales boost first-quarter growth estimates
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says
(Reuters) – Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the
Surging US energy shares reflect robust growth, inflation worries
By Lewis Krauskopf NEW YORK (Reuters) -U.S. energy shares are soaring as investors benefit from rising oil prices and a stronger-than-expected economy, while seeking to
Ukraine’s army chief says eastern front under intense Russian assault
By Tom Balmforth KYIV (Reuters) -Ukraine’s army chief said on Saturday the situation on the eastern front had worsened in recent days as Russia has
Software giant Salesforce in advanced talks to buy Informatica
By Anirban Sen (Reuters) -Customer relations software maker Salesforce is in advanced talks to acquire Informatica, a person familiar with the matter told Reuters on
China natural disasters cost $3.3 billion in first quarter, government says
BEIJING (Reuters) – Floods, droughts, an earthquake and freezing conditions in China caused direct economic losses of 23.76 billion yuan ($3.28 billion) in the first
China drafts rules on tighter stock trading, listing regulations
SHANGHAI (Reuters) -China’s securities regulator issued draft rules on Friday to strengthen the supervision of company listings, delistings and computer-driven programme trading, in a move
Apple loses bid to throw out UK lawsuit over App Store fees
By Sam Tobin and Martin Coulter LONDON (Reuters) -Apple’s bid to dismiss a lawsuit valued at nearly $1 billion was rejected on Friday, with a
Ohio senator wants Biden to permanently ban Chinese EVs from US
By David Shepardson WASHINGTON (Reuters) -The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block Chinese-made vehicles from the United
Hot inflation may put Fed rate cut in thick of election season
By Howard Schneider WASHINGTON (Reuters) – Hot U.S. inflation data has put the Federal Reserve’s debate over a first interest rate cut on a potential