firstquarter

Business

FedEx cutting costs, withdraws 2023 guidance after first-quarter shipments disappoint

FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume…

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Business

Enbridge reports $1.9B first-quarter profit compared with a loss a year ago

CALGARY — Enbridge Inc. reported a first-quarter profit of $1.9 billion compared with a loss of $1.4 billion in the…

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Europe

600,000 fewer first-quarter foreign tourists than in 2019

In the first quarter of the year, 93,976 foreign tourists came to the Balearics, almost 600,000 fewer than in the…

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Vegas News

New owner of Tropicana reports solid first-quarter earnings

The 48 resort properties owned by Wyomissing, Pennsylvania-based Gaming and Leisure Properties Inc. are open and by next year there…

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Business

Consumer-fueled economy pushes GDP to 6.4% first-quarter gain

Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer…

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Business

One year after crude turned negative, oilpatch relishes first-quarter profit outlook

CALGARY — One year after oil prices crashed to their first and only negative close during a perfect storm of…

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Business

Morgan Stanley had $911 million in first-quarter losses tied to Archegos fund meltdown

Bill Hwang, founder of Tiger Asia Management LLC, exits federal court in Newark, New Jersey, U.S., on Wednesday, Dec. 12,…

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Automobile

Daimler first-quarter earnings soar as China leads recovery

Daimler reported strong first-quarter earnings, driven by robust demand for Mercedes-Benz cars, particularly in China. Group earnings before interest and…

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Business

Citigroup is set to report first-quarter earnings — here’s what the Street expects

Jane Fraser, chief executive officer for Latin American at Citigroup Inc., speaks during the Milken Institute Global Conference in Beverly…

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Europe

Spain cuts 2021 growth forecast to 6.5% after first-quarter contraction

Spain’s government slashed its forecast for this year’s economic recovery on Friday to reflect a COVID-induced contraction in the first…

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