Caterpillar beats profit estimates, raises forecast

Caterpillar beats profit estimates, raises forecast
FILE PHOTO: A row of excavators are seen at the Caterpillar booth at the CONEXPO-CON/AGG convention at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. March 9, 2017. REUTERS/David Becker/File Photo (Reuters) – Caterpillar Inc beat analysts’ estimates for first-quarter profit on higher sales of its construction and mining equipment in its biggest market North America. The heavy-duty... Read More

Exclusive: Behind Airbnb’s bet on show business to hook travelers

Exclusive: Behind Airbnb’s bet on show business to hook travelers
SAN FRANCISCO (Reuters) – Hollywood has a new suitor in Silicon Valley. FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato Airbnb Inc, the high-flying startup for booking home rentals around the world, has ambitions to develop a slate of original shows to whet customers’ appetite for travel, four... Read More

Credit Suisse lifts profit with surprise equity trading gains

Credit Suisse lifts profit with surprise equity trading gains
ZURICH (Reuters) – Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo Switzerland’s second-biggest bank... Read More

World shares fall as China stimulus worries offset upbeat Credit Suisse earnings

World shares fall as China stimulus worries offset upbeat Credit Suisse earnings
LONDON (Reuters) – World shares took a step back on Wednesday as signals that China has put broader stimulus on hold offset positive results from Credit Suisse, which kicked off the earnings season for European investment banks. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province,... Read More

Asian shares fall despite strong Wall Street; oil retreats

Asian shares fall despite strong Wall Street; oil retreats
SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China’s plans for further stimulus as the economy shows signs of regaining its footing. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13, 2019. REUTERS/Stringer... Read More

Asian shares fall despite strong Wall Street; dollar near 22-month high

Asian shares fall despite strong Wall Street; dollar near 22-month high
SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its footing. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February... Read More

Asian shares up after Nasdaq, S&P 500 hit record highs

Asian shares up after Nasdaq, S&P 500 hit record highs
SHANGHAI (Reuters) – Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province,... Read More

Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains

Record highs set by Nasdaq, S&P 500 on upbeat earnings, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday, with the Nasdaq and S&P 500 indexes setting record closing highs on Wall Street, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville... Read More

World stocks rally, near U.S. record highs, oil gains

World stocks rally, near U.S. record highs, oil gains
NEW YORK (Reuters) – Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Wall... Read More