A real estate brokerage owned by Warren Buffett’s Berkshire Hathaway BRKa.N said on Friday it reached a million settlement of nationwide antitrust litigation that is expected to change how real estate agents are paid.HomeServices of America, the largest U.S. real estate brokerage, was the...

   As U.S. inflation worries grow, some investors are preparing for the year U.S. Treasury yield to breach a year high of hit last October.Bond yields, which move inversely to prices, have climbed in recent weeks as signs of persistent inflation erode expectations for how deeply the Federal...

   U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago.In the U.S., Exxon Mobil XOM.N missed Wall Street earnings targets on larger than forecast drop in natural gas earnings and Chevron CVX.N beat...

   Global automakers including Volkswagen and Toyota .T came to this year’s Beijing auto show looking to catch up to surging China EV makers that are dominating the world’s largest auto market.The show that started this week showcased a marked shift in attitude among some foreign automakers,...

   AbbVie ABBV.N expects a drop in sales volumes of its blockbuster arthritis drug Humira to deepen after recent changes by U.S. pharmacy benefit managers and as patients shift to other drugs.Its shares were down nearly in afternoon trade on Friday, after the company forecast U.S. Humira sales...

   Daimler Truck DTGGe.DE must reach a new labor contract with over, hourly workers at six facilities in the U.S. South by the end of Friday or face a possible strike by the United Auto Workers UAW union members.The workers are seeking higher pay, institution of cost of living adjustments and...

   U.S. monthly inflation rose moderately in March, but stubbornly higher costs for housing and utilities suggested the Federal Reserve could keep interest rates elevated for a while.The report from the Commerce Department on Friday, which also showed strong consumer spending last month, offered some...

   U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate reductions starting later this year.That was the view from financial markets and analysts following a...

   HCA Healthcare HCA.N on Friday beat Wall Street estimates for quarterly profit and revenue but left its annual forecast unchanged, sending shares of the largest for profit US hospital operator down nearly .Analysts said the maintained outlook may disappoint investors, but called it ...

   Wall Street’s main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over trillion, while an in line inflation reading calmed interest rate jitters.Alphabet GOOGL.O jumped . to a record high after the Google...

   President Vladimir Putin has placed the Russian subsidiaries of Italian water heating company Ariston and Germany appliance maker BSH Hausgeraete under the temporary management of a Gazprom entity, according to a decree published on Friday.JSC Gazprom Household Systems will act as a temporary...

   Porsche P p.DE on Friday reported a drop in first quarter operating profit, citing higher investments in what the German luxury carmaker has called its biggest year of product launches in history.Operating profit in the first three months of came in at . billion euros . ...

   Starbucks SBUX.O held contract negotiations with the Workers United union over a two day session in Atlanta, both the parties said on Friday, with plans to meet again in late May.The coffee chain and Workers United, that represents Starbucks workers in the United States, began negotiations this...

   Car maker General Motors GM.N will close its manufacturing operations in Colombia and Ecuador, the company said in a statement on Friday, as part of its shift towards producing next generation vehicles.Manufacturing will cease at company’s Colmotores plant in Colombia from Friday, it said, while...

   Aon AON.N first quarter profit missed estimates on Friday due to underperformance in its U.S. retail brokerage business, sending its shares down nearly .While the company’s retail brokerage revenue grew on the back of solid growth in EMEA, Asia and the Pacific, U.S. results faced pressure from...

   Anglo American AAL.L rejected BHP’s BHP.AX . billion pound billion takeover offer on Friday, saying it significantly undervalued the miner and its future prospects.BHP, which has until May to make a binding bid, is expected to sweeten its . pound per share offer to try to clinch...

   Oil prices edged up slightly on Friday, boosted by worries about geopolitical tensions but still under pressure from U.S. data showing inflation rose moderately in March, dampening hopes the Federal Reserve would cut interest rates soon.Brent crude futures were up cents, or . , to . a...

   Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan’s yen hit a fresh year low after the Bank of Japan BOJ opted to keep monetary policy loose at its latest meeting.MSCI’s broad index of global stocks .MIWD PUS reversed earlier losses, rose . ...

   A rare public boardroom dispute in Germany escalated on Friday, with the outgoing CEO of a major online broker criticising a company founder who had publicly campaigned against him.Frank Niehage, the CEO of broker FlatexDegiro FTKn.DE , this week suddenly announced he would leave after years at...

   Mexico’s FEMSA, which controls one of the largest Coca Cola bottlers and a string of convenience store chains, posted an increase in revenue in the first quarter, boosted by growth across nearly all its business sectors.Revenue came in at . billion pesos . billion in the three month...

   Intel shares INTC.O slumped more than on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.The stock has fallen around so far this year as Intel trails rival chip companies such as Nvidia NVDA.O in...

   Renault RENA.PA held talks this week with China’s Li Auto .HK and Xiaomi .HK on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies. Our CEO Luca de Meo engaged in pivotal...

   The dollar soared to a fresh year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with expectations and affirming expectations the Federal Reserve will likely delay cutting interest rates to later this year.The yen’s year...

   Phillips PSX.N missed quarterly profit estimates due to a decline in refining margins led by underperformance at its Gulf Coast operations.Refiner margins have scaled back from the peaks achieved after Russia’s invasion of Ukraine in , amid a rise in global refining capacity that has led...

   Chinese founded fast fashion company Shein will have to comply with tough new EU online content rules after its user numbers soared above a key benchmark, joining a score of other Big Tech companies already subject to the rules, the European Commission said on Friday.Companies with more than ...

   U.S. equity funds registered their fourth successive weekly outflows in the week ended April , hit by fading expectations for rate cuts this year.LSEG data showed a withdrawal of . billion from U.S. equity funds, though the figure was less than the previous week’s, as optimism over solid...

   Alphabet GOOGL.O breached the trillion market value mark for the first time since November on Friday, as investors cheered the Google parent announcing its first ever dividend and a billion stock buyback.The stock was last trading up . at ., after hitting a record high...

   Inflation in the euro zone is different to that in the United States, much as ECB President Christine Lagarde insists, but the bloc will still face many of the same headwinds as others, limiting how far price growth can slow.The ECB put an interest rate cut in June on the table on Thursday, arguing...

   The U.S. Federal Reserve held its benchmark overnight interest rate steady in the . . range at its March policy meeting, and officials continued to anticipate approving three quarter percentage point rate cuts by the end of .Before policymakers begin to ease borrowing costs, they...

   Shares of private equity group CVC Capital Partners CVC.AS gained as much as on their first day of trading in Amsterdam in what shapes up to be one of Europe’s largest initial public offerings this year.CVC shares opened at . euros . after they were priced earlier on Friday at ...