(Reuters) - Intercontinental Exchange (NYSE:ICE) reported an increase in first-quarter profit on Thursday, benefiting from strong trading volumes in energy and options segments. Global commodity and energy markets have experienced significant volatility due to shifting U.S. trade policies and concerns over the war in Ukraine. Exchanges often benefit from such market turmoil, as it typi ...
By Lawrence White LONDON (Reuters) -HSBC said on Thursday that Chairman Mark Tucker will retire by the end of this year, after nearly eight years in the role at Europe’s biggest bank presiding over its dramatic shrinking and navigating of Sino-U.S. tensions. Tucker, the bank’s first ever externally-recruited Chairman, will remain as a strategic adviser to CEO Georges Elhedery, the bank said, a ...
(Reuters) -Mastercard beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the economic uncertainty sparked by a global trade war, sending its shares up 1.7% in premarket trading. U.S. consumer spending held up in the reported quarter thanks to wage growth and a resilient labor market, even as tariff-driven turmoil casts a shadow ...
(Reuters) -Hershey posted a smaller-than-expected drop in sales for the first quarter and beat profit estimates on Thursday, helped by steady demand for its salty snacks business in North America. Sales in Hershey’s North America snack business, home to Dot’s pretzels and SkinnyPop popcorn, got a boost as the company reduced prices after several quarters of hikes. Its quarterly organic volume ...