Kimberly Clark KMB.N raised annual sales and profit forecasts on Tuesday after topping first quarter expectations, banking on higher pricing and robust demand for its premium personal care and household products in North America.Top consumer goods companies have been increasing prices since the...

   Chinese universities and research institutes recently obtained high end Nvidia NVDA.O artificial intelligence chips through resellers, despite the U.S. widening a ban last year on the sale of such technology to China.A Reuters review of hundreds of tender documents shows Chinese entities...

   Aerospace and defense major RTX RTX.N on Tuesday reported a jump in its first quarter profit, helped by robust commercial aftermarket business and military equipment demand.The Arlington, Virginia based company reported net income of . billion, or . per share, for the quarter ended...

   Halliburton HAL.N beat first quarter profit estimates on Tuesday as higher drilling demand from international markets helped the oilfield services firm counter a slowdown in North America.Oil and gas producers are looking to secure new international and offshore inventories, boosting oilfield...

   United Parcel Service UPS.N reported first quarter profit above estimates on Tuesday as cost cuts partly offset subdued demand for small package delivery, sending its shares up . premarket.The company cut , jobs in January to save billion in costs in , attempting to counter sagging...

   Apple’s smartphone shipments in China tumbled in the first quarter of the year, the worst performance since , as the iPhone maker took a hit from Huawei’s HWT.UL new product launches in the premium segment, market data showed.Apple’s share in the world’s biggest smartphone market fell to...

   General Motors GM.N on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas engine vehicles, sending shares up . in pre market trading.The Michigan automaker upped its adjusted pretax profit projection to...

   JPMorgan Chase Co JPM.N appoints Lu Fang to chair the board of its China securities arm, replacing former chair Park Pu, according to a company memo reviewed by Reuters and confirmed by a company spokesperson.Greg Yu, recently deputy general manager of J.P. Morgan Securities China Company, has...

   Norway’s sovereign wealth fund has backed UBS’ UBSG.S plan to make its Additional Tier AT bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS CEO Sergio Ermotti’s pay package.The vote from the Norwegian fund, UBS’ second largest...

   Goldman Sachs GS.N and Bank of America BAC.N will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman’s roles, in an effort to improve the companies’ governance.After the financial crisis, investors seeking to improve...

   Donald Trump is set to secure on Tuesday a stock bonus worth . billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares.The award will take the former U.S. President’s...

   Spotify SPOT.N on Tuesday reported quarterly monthly active users MAU below its own estimates, as the Swedish music streaming company chose to boost profit instead of spending more on marketing activities to draw in more listeners.First quarter MAUs rose , but missed Spotify’s own guidance...

   GE Aerospace GE.N on Tuesday raised its full year profit forecast, citing a solid start to the year on strong demand for jet engine parts and services as airlines keep their older planes in the air to tide over a shortage of new commercial aircraft.The company now expects operating profit...

   PepsiCo PEP.O beat Wall Street expectations for first quarter revenue and profit on Tuesday as demand held steady for the soda and snacks giant’s Tropicana juices and Cheetos in its international markets.Consumers have shelled out money for PepsiCo’s Lays chips and UP products across the company...

   David Ellison, , would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rarest of attributes for a budding media mogul: a Silicon Valley pedigree.In an industry where many...

   The U.S. Federal Trade Commission FTC is expected on Tuesday to approve a rule that would ban agreements commonly signed by workers not to join their employers’ competitors, which it says limit worker mobility and suppress their pay.The five member FTC, which enforces antitrust laws and currently...

   Ecommerce giant Amazon.com AMZN.O launched a new grocery delivery subscription on Tuesday in the United States for members of its Prime program and customers who are recipients of the government food assistance benefits.The subscription plan would allow Amazon’s Prime members to get unlimited...

   Fintech lender Affirm AFRM.O has started quietly offering buy now, pay later BNPL loans for elective medical procedures, in a major push beyond its core e commerce market, the company told Reuters.Over the past year, Affirm has more than doubled the number of elective medical merchants on its...

   A look at the day ahead in U.S. and global markets from Mike DolanWorld markets have cheered up a bit this week, but ailing Tesla’s TSLA.O tanking stock price faces a critical earnings test later on Tuesday and this month’s European business pulse proved surprisingly racy.Relief at cooling Middle...

   U.S. stock index futures rose marginally on Tuesday as some growth and chip stocks gained, while market participants geared up for a busy week of quarterly earnings that could help gauge the health of America’s corporates.Most megacap growth stocks, including Meta Platforms META.O , Microsoft ...

   Swiss freight forwarder Kuehne Nagel KNIN.S reported a drop in quarterly operating profit but beat market expectations on Tuesday, aided by cost cutting measures amid geopolitical concerns.Conflicts and geopolitical tensions are challenging the freight industry, which has to face shipping...

   Oil prices gained on Tuesday after stronger economic data out of Europe, as investors also weighed the potential fallout from any fresh U.S. sanctions on Iran’s oil exports with tensions remaining high in the Middle East.Global benchmark Brent crude oil futures traded cents or . higher at ...

   Global shares rose on Tuesday, driven by a recovery on Wall Street, where investor focus is pinned on earnings reports from the U.S. megacaps, while the yen hit a new year low against the dollar, prompting a warning from Japanese officials.The MSCI All World index .MIWD PUS , which on...

   JD Sports Fashion JD.L has proposed to buy American athletic fashion retailer Hibbett Inc HIBB.O for about . billion, the companies said on Tuesday, as Britain’s biggest sportswear retailer looks to expand across the southeastern U.S.The deal comes as shares in athletic clothing retailers...

   Japanese electric motor maker Nidec .T on Tuesday posted an unexpected operating loss for the January to March quarter, hit by the costs of restructuring steps taken to deal with fierce price competition in China’s electric vehicle market.The company’s fourth quarter operating loss was . ...

   The Bank of Japan will raise interest rates again if trend inflation accelerates toward its target as expected, governor Kazuo Ueda said, keeping alive market expectations of a further withdrawal of monetary support later this year. If our price forecasts change, that would also be a reason to...

   Adobe ADBE.O said on Tuesday it plans to place a tool for full artificial intelligence image generation in its Photoshop software later this year.Adobe’s image and video editing tools are widely used by creative professionals, but it faces rising competition from startups such as Microsoft backed...

   Shares of Tesla TSLA.O edged higher on Tuesday ahead of the electric car maker’s first quarter results, with analysts expecting its lowest gross profit margin in more than six years.The stock was up . at in premarket trading ahead of the report, due after the close of trading.CEO Elon...

   Randstad RAND.AS reported a bigger than expected drop in first quarter core earnings on Tuesday, sending shares in the world’s biggest employment agency down about .Recruiters have been flagging tough hiring conditions in recent quarters, as workers prefer to avoid the risk of switching jobs...

   The yen hit fresh multi year lows against the dollar and the euro on Tuesday, keeping investors on heightened intervention watch ahead of the Bank of Japan’s meeting this week, while dovish policy maker chatter left sterling around its softest in months.The euro, which climbed broadly after...