By Sabrina ValleHOUSTON (Reuters) – Exxon Mobil Corp (NYSE:) on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower prices offset volume gains. The largest U.S. oil company, which is in the process of closing…
Swiss National Bank (SNB) Chairman Thomas J. Jordan speaks at the SNB’s General Meeting of Shareholders on Friday. Jordan said that the SNB will continue to monitor inflation, adding that the bank can “adjust policy again when necessary.” The SNB surprised markets in March when it decided to lower its…
Bitcoin price performance seems to have hit a slump since the quadrennial halving ended, hovering around the $64,000 price level for about a few hours at press time. However, analysts suggest Bitcoin could be gaining bullish momentum for a major rally next month. While the largest cryptocurrency in the market…
Chevron beat earnings expectations Friday, but its profit fell from the year-ago period as its refineries and international gas business faced headwinds.The oil major’s net income declined 16% to $5.5 billion, or 2.97 per share, compared with the same quarter a year ago. Excluding one-time items, Chevron reported earnings of…
When President Joe Biden visited Virginia to commemorate Earth Day on Monday, he was joined by Sen. Bernie Sanders, a key architect of the clean energy proposals that Biden was rolling out. But those weren’t the only items on the Vermont independent’s mind. Sanders, according to people familiar with the…
The Federal Trade Commission (FTC) is banning noncompete clauses in employment contracts. Such agreements have two basic purposes: One is to prevent an employee who possesses proprietary information from leaving a company to go to work for a direct competitor or to start a competing outfit. The ban is for…
In a recent earnings call, the company reported its strongest financial performance…
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POLITICS
View MoreThe Supreme Court appeared ready to reject former President Donald Trump’s claims of sweeping immunity and the broad protections he has sought to shut down his federal election subversion case, but also reluctant to give special counsel Jack Smith carte blanche to pursue those charges. After nearly three hours of oral arguments, several of the justices seemed willing to embrace a result that could jeopardize the ability to hold a trial before the November election. The court’s conservatives aggressively questioned the lawyer representing the special counsel, seemingly embracing a central theme that had been raised by Trump that without at…
The Department of Justice doubled down on its decision to not release the audio files of President Joe Biden’s interview with special counsel Robert Hur to House Republicans, stating that…
The United States has begun construction at sea of the temporary pier intended to help deliver humanitarian aid to Gaza, the Pentagon said on Thursday, with the ultimate goal of…
A wild day of often outlandish legal arguments and tabloid tales could not obscure the stakes for the country. Only Donald Trump could conjure a two-city legal spectacle that gave…
Markets
View MoreBy Marie MannesSTOCKHOLM (Reuters) – Electrolux’s operating loss nearly tripled in the first quarter on weak demand and poor performance…
Finance
View MoreLattes may get pricier, as a key indicator for the price of the bean in espresso just hit a record high.The robusta coffee variety is the…
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FRANKFURT (Reuters) – Euro zone consumers lowered their expectation for inflation over…
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When Minouche Shafik was announced as Columbia University’s president last year, she was called the “perfect candidate” by the chair of Columbia’s Board of Trustees. Now, some of her own students and professors, as well as the speaker of the House of Representatives, are calling on her to resign. Just…
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By Yuvraj Malik, Anna Tong and Stephen Nellis(Reuters) -Microsoft beat Wall Street…
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Still, the Supreme Court justices do not appear likely to dismiss the…
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