(Reuters) - The market capitalisation of top technology giants fell sharply in April, pressured by diminishing enthusiasm for artificial intelligence and a scaling back of expectations for central bank interest rate cuts.
Microsoft's market value plummeted by $232.5 billion, or 7.4%, ending the month at $2.89 trillion. Meta Platforms Inc also suffered a drop of $146.8 billion, or 11.9%, ending at $1.09 trillion, following a lower-than-expected revenue... (continue reading...)
(Reuters) - Health insurer Cigna Group raised its annual profit forecast on Thursday, as lower-than-expected medical costs and strength in its pharmacy benefit management unit helped it beat first-quarter earnings estimates.
The company now expects an adjusted profit of at least $28.40 per share in 2024, up 15 cents from its previous forecast.
Cigna's forecast lift comes in contrast to CVS Health, which slashed its annual profit... (continue reading...)
(Reuters) - Portugal's monthly unemployment rate slipped to 6.5% in March from a revised reading of 6.6% in February, the National Statistics Institute (INE) said in its flash estimate on Thursday.
The labour underutilisation rate remained unchanged at 11.4% from the previous month.
The youth unemployment rate (16-24 years old) decreased to 22.3% in March, from a revised 22.4% in the previous month, but rose from 19.5% a year ago, the INE... (continue reading...)
(Reuters) - Air Canada reported a smaller first-quarter adjusted loss on Thursday, as Canada's largest carrier benefited from a rebound in bookings for business travel.
Major North American carriers are cashing in on a resurgence in big spending by corporate customers who have been largely absent from the post-pandemic travel boom.
Executives at Air Canada's U.S. peers have also highlighted expectations for robust travel demand across... (continue reading...)
By Kristina Cooke and Howard Schneider
COLUMBUS, Ohio (Reuters) - On a noisy factory floor in Columbus, Ohio, trade union apprentice Jorge Herrera moved quickly as he assembled ventilation ducts to be used in the construction of a large car manufacturing plant on the outskirts of the city.
The 27-year-old asylum seeker from Nicaragua, who had welding experience back in his home country, crossed the U.S.-Mexico border two years ago. He... (continue reading...)
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