Lithia Motors Inc (LAD) topped Wall Street estimates for first-quarter profit on Wednesday as the auto retailer benefited from strong demand and higher vehicle prices. A global semiconductor chip shortage has created a supply crunch and forced automakers to raise prices, a move that is aiding earnings for the sector.
* ASML jumps after forecast raise. * DB bullish on European oil & gas sector. * Juventus slides on Super League doubts. By Sruthi Shankar. European stocks bounced back on Wednesday after their worst sell-off this year as optimism about a strong earnings season countered worries about a rapid rise in COVID-19 cases in some countries.
European stocks rebounded on Wednesday after their worst selloff this year as optimism about a strong earnings season countered worries about a rapid rise in COVID-19 cases in some countries. Tech stocks were the top gainers, up almost 2%, with semiconductor equipment maker ASML jumping 5.4% after it raised its full-year sales forecast, citing strong demand amid a global computer chip shortage.
The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under COVID-19 restrictions cooked, baked and drank more.
At least two groups of China-linked hackers have spent months using a previously undisclosed vulnerability in American virtual private networking devices to spy on the U.S. defense industry, researchers and the devices' manufacturer said Tuesday.
At least two groups of China-linked hackers have spent months using a previously undisclosed vulnerability in American virtual private networking devices to spy on the U.S. defense industry, researchers and the devices' manufacturer said Tuesday.
At least two groups of China-linked hackers have spent months using a previously undisclosed vulnerability in American networking devices to spy on the U.S. defense industry, researchers and the devices' manufacturer said Tuesday.
Property and casualty insurer Travelers
Cos Inc (TRV) beat profit estimates for the first quarter on Tuesday as an increase in returns from investments helped cushion the hit from catastrophe claims. New York-based Travelers, often seen as a bellwether for the insurance sector as it typically reports before its industry peers, said net written premiums rose 2% to $7.51 billion in the quarter.
The head of global airline industry body IATA has hit out at the high cost of COVID-19 testing, accusing providers of profiteering from travel, and calling for the industry to challenge whether PCR tests are necessary.
Britain launched on Tuesday an independent review of banking capital and proprietary trading rules that is set to pit banks against their regulator as London's powerful financial industry looks to boost its global competitiveness after Brexit.
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