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By Lewis Krauskopf NEW YORK, May 6 (Reuters) – A humming U.S. corporate profit engine is at the heart of the U.S. stock market’s rally to record highs – an encouraging sign for investors as long as the fuel driving profits keeps flowing. More than two-thirds through the first-quarter reporting season, S&P 500 companies are on track for their highest quarterly earnings growth in more than four years. Future projections […]

KYIV, Ukraine (AP) — Russia fired dozens of drones at Ukraine in nighttime attacks, Ukrainian officials said Wednesday, disregarding a unilateral ceasefire announced by Kyiv that began at midnight. The Russian Defense Ministry claimed that Ukraine hadn’t abided by its own ceasefire, saying that air defenses shot down 53 Ukrainian drones over Russian regions, the illegally annexed Crimean peninsula and the Black Sea between Tuesday evening and dawn Wednesday. There […]

BEIJING (AP) — Chinese Foreign Minister Wang Yi on Wednesday told his Iranian counterpart Abbas Araghchi that China was “deeply distressed” over the war that has lasted more than two months and said a “comprehensive ceasefire” was needed. China’s top diplomat met with Araghchi in Beijing, the first time the Iranian foreign minister traveled to China since the war with the U.S. and Israel started Feb. 28. “We believe that […]

By Chris Prentice NEW YORK, May 6 (Reuters) – Even for the “Make America Healthy Again” voters who helped usher President Donald Trump back to the White House for a second term, affordability will be top of mind when they vote in November’s midterm elections, a new poll found. Lowering costs is the top health priority for voters across parties who identified as MAHA supporters, with at least half saying […]

May 6 (Reuters) – Wall Street futures climbed on Wednesday, buoyed by hopes of a U.S.-Iran peace agreement and unrelenting optimism around artificial intelligence. The rally, which took the S&P 500 and the Nasdaq Composite indexes to record highs on Tuesday, showed few signs of easing after Advanced Micro Devices forecast second-quarter revenue above expectations, helped by robust demand for its data-center chips. “Wall Street continues to double down on […]

By Dimitri Rhodes and Jerome Terroy May 6 (Reuters) – Supermarket group Ahold Delhaize on Wednesday reported first-quarter core profit above market expectations, citing resilience of its U.S. business, but news of an upcoming CEO change weighed on the shares. The Dutch group, which runs the Albert Heijn and Delhaize chains in the Netherlands and Belgium, said after the results publication that it had chosen Kingfisher CEO Thierry Garnier to […]

(Refiles to correct to adviser in second bullet) By Heejin Kim SEOUL, May 6 (Reuters) – South Korea’s presidential office said on Wednesday it had suspended a review of whether to participate in a U.S. operation to escort ships through the Strait of Hormuz after President Donald Trump put the mission on hold. A Blue House official also said it was still unclear if a South Korean-operated vessel that suffered […]

(Refiles to correct spelling of name in byline) By Feras Dalatey LONDON, May 6 (Reuters) – Syrian forces have arrested Uzbek fighters during a security sweep in the northwest, after a dispute involving one of them escalated into protests outside a government security facility, two Syrian security officials said. The tensions began after authorities sought to detain an Uzbek fighter accused of opening fire in Idlib city, prompting demonstrations by […]

By Jihoon Lee, Hyunjoo Jin and Heejin Kim SEOUL, May 6 (Reuters) – South Korea’s benchmark KOSPI index vaulted past 7,000 for the first time on Wednesday, as an AI-powered rally in semiconductor stocks drove Samsung Electronics past the $1 trillion market-cap barrier. The gains underscore how global demand for artificial intelligence hardware has become the dominant force reshaping equity markets, turning South Korea’s chip-heavy benchmark into one of the […]