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19 Apr

J&J suspends sales forecast for COVID-19 vaccine, cuts profit view

Johnson & Johnson on Tuesday suspended its sales forecast for COVID-19 vaccine due to global supply surplus and demand uncertainty and cut its adjusted profit expectation, sending the drugmaker's shares down nearly 3%.

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19 Apr

Hasbro raises profit forecast betting on strong gaming demand

(Reuters) -Toy maker Hasbro Inc on Tuesday raised its full-year profit forecast after beating Wall Street estimates for quarterly revenue, bolstered by a jump in demand for tabletop games "Magic: The Gathering" and "Dungeons & Dragons".

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19 Apr

Japan Finance Minister makes most explicit warning yet against yen slump, economic fallout

TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Tuesday the damage to the economy from a weakening yen at present is greater than the benefits accruing to it, making the most explicit warning yet against the currency's recent slump versus the dollar.

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19 Apr

Johnson & Johnson suspends sales forecast for COVID-19 vaccine

(Reuters) -Johnson & Johnson on Tuesday suspended the sales forecast for its COVID-19 vaccine due to global supply surplus and demand uncertainty, sending its shares down 2.6% in premarket trading.

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19 Apr

Mercedes-Benz launches second all-electric SUV

Mercedes-Benz unveiled its EQS sport utility vehicle (SUV) on Tuesday, a 660 km (410-mile) range car that will be made in America and go on sale by autumn.

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19 Apr

Hasbro beats quarterly revenue estimates

Toy maker Hasbro Inc beat analysts' estimates for quarterly revenue on Tuesday, bolstered by a jump in demand for tabletop games "Magic: The Gathering" and "Dungeons & Dragons".

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19 Apr

Calling time on QE, central banks prep for synchronized asset cull

Major central banks, already plotting interest rate hikes in a fight against inflation, are also preparing a common pullback from key financial markets in a first-ever round of global "quantitative tightening" expected to restrict credit and add stress to an already-slowing world economy.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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