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Airstrike kills nine at displacement camp in eastern Congo, official says May 3, 2024 07:03AM

GOMA, Democratic Republic of Congo (Reuters) - An air strike killed at least nine people, including seven children, on Friday at a displacement camp in the eastern Congolese city of Goma, a local official said.

It was not immediately clear who was responsible for the strike. A two-year offensive by the Rwanda-backed rebel group M23 has moved closer to Goma in recent months, prompting thousands to seek refuge in the city from surrounding areas.

... (continue reading...)
Apple shares jump as record buyback, sales growth forecast lure investors May 3, 2024 07:00AM

By Aditya Soni

(Reuters) - Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased competition in China.

The company late on Thursday approved an additional $110 billion in share repurchases, its largest ever, and forecast third-quarter sales that exceeded the modest market... (continue reading...)


Apple shares jump as record buyback, sales growth forecast lure investors May 3, 2024 07:00AM

By Aditya Soni

(Reuters) - Apple shares jumped nearly 6% before the bell on Friday as the iPhone maker's record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased competition in China.

The company late on Thursday approved an additional $110 billion in share repurchases, its largest ever, and forecast third-quarter sales that exceeded the modest market... (continue reading...)


Ametek beats profit estimates on strong demand from aerospace, defense sectors May 2, 2024 08:22AM

(Reuters) - Industrial technology solutions provider Ametek beat estimates for first-quarter profit on Thursday, as it benefited from a boom in the aerospace and defense sectors.

Robust air travel demand and simmering geopolitical tensions have driven up demand from the sectors, one of the biggest contributors to Ametek's revenue.

Ametek also noted solid growth in its business segment focused on manufacturing medical components and... (continue reading...)


Moody's tops quarterly profit estimates on strong product demand May 2, 2024 08:17AM

(Reuters) - Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.

The New York-based company recorded robust sales of its products including CreditView.

WHY IT'S IMPORTANT

With growing expectations of the U.S. avoiding a recession, investors are increasingly spending more on analytics and data-related products to enable better investment... (continue reading...)


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