Stocks News

By Douglas Gillison WASHINGTON (Reuters) – The White House on Wednesday was due to announce fresh efforts to slash credit card late fees and drive down the prices that Apple Inc and Google parent Alphabet Inc charge on mobile app stores, part of a larger policy

By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets steadied on Wednesday, with signs of a slowdown in U.S. wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes at its meeting later in the day.

By Shivam Patel, Aditi Shah and Aditya Kalra

WASHINGTON (Reuters) – U.S. private payrolls increased far less than expected in January, hinting at some cooling in the labor market.

PARIS (Reuters) – Hopes are rising of a deal between Airbus and Qatar Airways as early as Wednesday to avert an unprecedented trial over the safety of the A350 jetliner and billions of dollars of cancelled orders, two people familiar with the matter said.

By Johann M Cherian (Reuters) – U.S. stock index futures slipped on Wednesday as investors cautiously waited for the Federal Reserve’s decision on interest rates later in the day and a reading on private job additions last month.

By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator SEBI is examining a rout in shares of Adani Group companies and also looking into any possible irregularities in the recent share sale by its flagship company, a source with direct knowledge of the matter

(Reuters) – India’s Adani Enterprises has called off its share sale, a source with knowledge of the matter told Reuters on Wednesday.

LOS ANGELES (Reuters) – FedEx Corp on Wednesday said it would cut its officer and director team by 10% as part of a broad cost-reduction effort that has reduced staffing at the delivery giant by 12,000 workers since June.

NEW DELHI (Reuters) – India’s Adani Enterprises called off its $2.5 billion share sale on Wednesday, citing market conditions, amid an ongoing rout in the wider Adani Group’s stocks sparked by a U.S. short-seller’s critical report.

By Abhirup Roy and Akash Sriram SAN FRANCISCO (Reuters) – Rivian Automotive is laying off 6% of its workforce in an effort to cut costs as the EV maker, already grappling with falling cash reserves and a weak economy, braces for an industry-wide price war.

By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and his team to cut their prices further after the electric car leader aggressively slashed vehicle prices in a slowing economy, industry officials who work with the

By Natalie Grover and Maggie Fick LONDON (Reuters) – GSK chief executive Emma Walmsley on Wednesday made replenishing the drugmaker’s pipeline of vaccines and therapies her number-one priority.

(Reuters) – The Biden administration on Wednesday took a step closer toward possible approval of a scaled-back version of ConocoPhillips’ planned $6 billion Willow oil and gas project in Alaska.

(Reuters) – Blackstone Inc’s real estate income trust hit the monthly redemption limit in January, according to a letter to investors on Wednesday.

(Reuters) – Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn.

NEW DELHI (Reuters) – India’s Adani Enterprises on Wednesday called off its $2.5 billion share sale, citing market conditions, a week after a U.S. short-seller’s critical report unleashed a rout in the wider Adani Group’s stocks.

By Mehnaz Yasmin (Reuters) – Citigroup Inc’s shares are approaching a potential bullish technical signal which indicates that this year’s 14% rally could continue, even as some analysts remain critical of the bank’s fundamentals.

(Reuters) – Peloton Interactive Inc on Wednesday reported slower cash burn for the second quarter, after the company carried out a host of cost-cutting measures, including layoffs and store shutdowns.

By Patrick Wingrove (Reuters) – U.S. patients will finally get access to cheaper versions of AbbVie Inc’s blockbuster arthritis drug Humira this year, but the cost savings are expected to be limited.