Notizia

(Reuters) -General Motors Co's first-quarter profit beat analyst estimates on Tuesday, as the automaker focused on sales of more expensive models with higher margins, even with production still limited by chip shortages and supply chain disruptions.

Mexican breadmaker Grupo Bimbo posted a 10.4% increase in first quarter net profit on Tuesday, boosted by stronger sales volumes.

Wall Street ended sharply lower on Tuesday, with the Nasdaq closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve.

(Reuters) -General Motors Co said on Tuesday it earned $2.9 billion in the first quarter, compared with analysts' estimates of $2.45 billion, and expects full-year net income of $9.6 billion to $11.2 billion.

(Reuters) -Federal Reserve Governor Lael Brainard won confirmation in the U.S. Senate on Tuesday to be the U.S. central bank's next vice chair, the first of U.S. President Joe Biden's four nominees to meet that hurdle.

Mondelez International Inc beat Wall Street estimates for quarterly revenue on Tuesday, as higher prices and sustained demand for the Oreo maker's chocolates and snacks helped it overcome a hit to business from supply chain hurdles.

Wall Street ended sharply lower on Tuesday, led by the Nasdaq as investors worried about slowing global growth and a more aggressive Federal Reserve, and with Alphabet and Microsoft falling ahead of their quarterly reports to be released after the bell.

(Reuters) -Federal Reserve Governor Lael Brainard received enough votes in the U.S. Senate on Tuesday to win confirmation as the U.S. central bank's next vice chair, the first of U.S. President Joe Biden's four nominees to meet that hurdle.