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Stock market today: US futures tumble after Meta's reality check, with GDP on deck
Meta's AI reality check has dented hopes for a Big Tech revival for stocks, with a GDP update waiting in the wings.
1 min read - WorldReuters
Lawyers seek UN help for release of American held by the Taliban
Lawyers for Ryan Corbett, an American held by the Taliban for nearly two years without charge, on Thursday sought U.N. help to secure his immediate release, contending that he has been tortured and is suffering physical and mental health problems. The lawyers filed urgent petitions with the Geneva-based U.N. Special Rapporteur on Torture Alice Edwards and the U.N. Working Group on Arbitrary Detention arguing that Corbett's fundamental rights have been violated, justifying U.N. action on his cas
3 min read - BusinessReuters
Mexican cement maker Cemex's Q1 profit climbs despite dip in volumes
Mexican cement-maker Cemex reported a 13% increase in first-quarter net profit on Thursday, bolstered by lower taxes and less exposure to financial derivatives, although its operating earnings declined. The firm, one of the world's largest cement producers, posted a net profit of $254.4 million, beating analysts' estimate of $218.2 million as per LSEG data. Revenue inched up 3% year-over-year to $4.14 billion, just shy of analysts' estimate of $4.19 billion, despite volumes falling in all of i
2 min read - WorldReuters
Lula's South American summit plan unlikely in tense region, diplomats say
A diplomatic crisis in Ecuador and uncertainty over Venezuela's political future have divided South American nations and killed enthusiasm for a summit that Brazilian President Luiz Inacio Lula da Silva is trying to convene, diplomats in the region say. Seeking to become a regional leader again, Lula gathered 11 presidents in Brazil's capital last May, but the forum called the Brasilia Consensus was struck by disagreement over the presence of Venezuela's authoritarian President Nicolas Maduro.
3 min read - BusinessAssociated Press Finance
Southwest posts a 1Q loss and will limit hiring, offer voluntary leave to staff and drop 4 airports
CEO Robert Jordan said the airline expects to end this year with 2,000 fewer employees than it had at the end of last year. Jordan said Southwest was reacting quickly “to address our financial underperformance” and cope with delayed deliveries of new planes from Boeing. The airline expects to have 802 aircraft by the end of the year, down from an earlier plan for 814 planes.
1 min read - LifestyleThe Telegraph
Single pensioners need £400,000 more than couples to afford ‘comfortable retirement’
Single pensioners need £400,000 more in their pension pot than couples to afford a comfortable retirement, analysis shows.
3 min read - Businessdpa international
German drugstore chain Rossmann plans to invest in new stores in 2024
German drugstore chain Rossmann has announced plans to invest more money in its stores and further expand its network of locations. Rossmann on Thursday said it plans to open 253 new stores this year, most of them abroad in markets including Spain, Poland, the Czech Republic, Hungary, Albania, Kosovo and Turkey. The company will make total investments of €390 million ($418 million) this year, an increase of €65 million more than in 2023. In Rossmann's home market of Germany, the company plans to
1 min read
