(Reuters) -Wells Fargo & Co posted a 21% drop in first-quarter profit but beat Wall Street expectations on Thursday, as the release of funds set aside to cover potential pandemic-related loan losses cushioned a decline in mortgage lending.

(Reuters) -European shares rose on Thursday as the ECB kept its policy stance largely unchanged and signalled a steady reduction of stimulus over the coming months, spurring money markets to trim rate hike bets for the year.

Intel Corp's Mobileye has tapped investment banks Goldman Sachs Group Inc and Morgan Stanley to lead preparations for the initial public offering of the self-driving car unit, according to three people familiar with the matter.

FRANKFURT (Reuters) -The European Central Bank confirmed plans on Thursday to end its hallmark stimulus scheme in the third quarter, worried that high inflation could become entrenched, even as the war in Ukraine left the outlook exceptionally uncertain.

NEW YORK (Reuters) -BMW Chief Executive Officer Oliver Zipse said companies must be careful not to become too dependent on a select few countries by focusing only on electric vehicles, adding that there was still a market for combustion engine cars.

(Reuters) -Peloton Interactive Inc is raising the monthly fee for its on-demand fitness content in U.S. and Canada after eight years, while cutting the prices of its Bike, Bike+ and Tread machines in all markets, the exercise equipment maker said on Thursday.