Wells Fargo & Co reported a nearly 21% drop in first-quarter profit on Thursday, as rising inflation and interest rates, as well as worries over the economic impact of the Ukraine war dented its core businesses.

Boosting enforcement of antidiscrimination and antitrust laws, raising the federal mininum wage and higher unionization rates could substantially boost U.S. economic growth, a new report by President Joe Biden's top economic advisers concludes.

U.S. stock index futures ticked higher on Thursday, ahead of first-quarter earnings from a slew of Wall Street lenders on the last day of a holiday-shortened week, while Twitter shares jumped after Elon Musk's takeover offer.

PARIS (Reuters) -Sales at Birkin bag maker Hermes beat estimates in the first quarter, lifted by strong appetite for its luxury accessories, particularly in the United States and Europe, as the sector powers through turbulence from the war in Ukraine and COVID lockdowns in China.

UnitedHealth Group Inc raised its full-year adjusted profit forecast following strength at its Optum healthcare services unit that led to an uptick in its quarterly profit.

The Russian rouble weakened on Thursday, driven by expectations that Russia may relax its temporary capital control measures further, while stocks fell as the country continued what it calls "a special military operation" in Ukraine.