Norwegian Cruise Line Holdings forecast a first-quarter profit on Tuesday betting on higher ticket prices and steady demand in the U.S. for cruises to the Caribbean and Europe, sending the company’s shares up 6.3% in premarket trading.
Automotive parts retailer AutoZone reported a better-than-expected quarterly profit on Tuesday, helped by a Do-It-Yourself(DIY) trend among customers wanting to keep their older cars on the road.
Malaysia expects to conclude a free trade agreement with the United Arab Emirates by the end of June, the country’s trade minister said, adding the deal could boost investment in Malaysia by the Gulf state’s sovereign wealth funds.
Warren Buffett-led Berkshire Hathaway’s shares closed down by more than 2% on Monday, slowing its march to $1 trillion market value on investor worries after the U.S. government warned of a lawsuit against its power company, PacifiCorp.
Ministers from across the globe are convening at the World Trade Organization (WTO) Ministerial Conference in Abu Dhabi from Feb. 26-29 to try to set new rules for global commerce, including reforming its dispute system and cutting fishing subsidies.
Britain’s Currys has rejected an improved 750 million pound ($951 million) bid from U.S. suitor activist investor Elliot Advisors, according to a person with knowledge of the situation, fuelling hopes of a takeover battle for the electricals group.
Macy’s forecast annual sales below market expectation on weak demand for its apparel and shoes and said it would close 150 stores through 2026 in a new turnaround plan, sending its shares down about 3% before the bell on Tuesday.
Morgan Stanley raised its year-end target for the MSCI’s European index on Tuesday, citing a boost from artificial intelligence (AI), a pick up in deals and hopes of a “soft landing” of the U.S. economy.
Zoom Video Communications’ shares gained nearly 13% in premarket trading on Tuesday after the company delivered better-than-expected results and announced a share buyback of up to $1.5 billion.
Shares of Intuitive Machines fell 24% on Tuesday as the company’s lunar mission neared a premature end after a sideways touchdown hindered communications and solar charging capability of its moon lander Odysseus.
