Today: September 29, 2024
Today: September 29, 2024

Latest From Reuters

Business|Economy|Finance

Etsy beats quarterly revenue estimates on steady demand for personalized gifts

Etsy beat Wall Street expectations for second-quarter revenue and gross merchandise sales on Wednesday, helped by steady demand for personalized gifts at its online marketplace.

Etsy beats quarterly revenue estimates on steady demand for personalized gifts
Business|Economy|Finance

Casino Operator MGM beats second-quarter estimates on recovery in Macau business

MGM Resorts International beat Wall Street's second-quarter estimates on Wednesday, thanks to a strong recovery in Macau following the easing of pandemic-related restrictions last year.

Casino Operator MGM beats second-quarter estimates on recovery in Macau business
Business|Economy|Finance

Corteva trims 2024 forecasts on pricing pressure in crop protection

Corteva cut its annual sales and operating earnings forecasts on Wednesday as the U.S. agrichemicals maker faces declining prices at its crop protection unit, sending its shares down 5.7%

Corteva trims 2024 forecasts on pricing pressure in crop protection
Business|Economy|Finance

Carvana forecasts 2024 core profit above Wall Street expectations

Carvana forecast annual core profit above analysts' expectations on Wednesday, driven by strong demand for its used vehicles and improved inventory management, which helped the used-car

Carvana forecasts 2024 core profit above Wall Street expectations
Business|Economy|Finance

EBay beats quarterly results estimates on steady demand for refurbished goods

EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories.

EBay beats quarterly results estimates on steady demand for refurbished goods
Economy

Kenya's inflation falls to 4.3% yr/yr in July

Kenya's inflation fell to 4.3% year-on-year in July from 4.6% a month earlier, the statistics office said on Wednesday. On a monthly basis, inflation was -0.2% from 0.4% in June.

Kenya's inflation falls to 4.3% yr/yr in July
Economy|Finance

Fed's Powell: Recent price data bolstering confidence inflation moderating

Federal Reserve Chair Jerome Powell said recent inflation data is increasing the central bank's confidence that inflation pressures are moving back to the 2% target.

Fed's Powell: Recent price data bolstering confidence inflation moderating
Economy|Finance

Instant view: FOMC does not change rates, but sets stage for September cut

The Federal Reserve held interest rates steady on Wednesday but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line

Instant view: FOMC does not change rates, but sets stage for September cut
Economy|Finance

Traders boost bets Fed goes big on Sept rate cut

Traders on Wednesday added to bets the Federal Reserve will start easing in September and go big when it does, even after Fed Chair Jerome Powell said policymakers are not thinking about a

Traders boost bets Fed goes big on Sept rate cut
Business|Economy

Illicit nicotine pouches on the rise in US, Altria CEO says

Marlboro maker Altria said on Wednesday it had sent data to the U.S.

Illicit nicotine pouches on the rise in US, Altria CEO says
Economy|Europe

Ukraine PM says Lukoil sanctions do not threaten Slovakia's energy security

Kyiv's sanctions prohibiting the transit of oil from Russian producer Lukoil do not pose a threat to Slovakia's energy security, Ukraine's prime minister said on Wednesday.

Ukraine PM says Lukoil sanctions do not threaten Slovakia's energy security
Economy|Finance

Fitch Ratings forecasts two US interest-rate cuts in 2024

Fitch Ratings said on Wednesday it expects the U.S. Federal Reserve to cut interest rates twice this year - in September and December.

Fitch Ratings forecasts two US interest-rate cuts in 2024
Business|Economy|Finance|Stock Markets

BorgWarner's second-quarter profit beats on auto parts demand

BorgWarner beat Wall Street expectations for second-quarter profit and raised its annual earnings forecast on Wednesday as the auto parts supplier benefited from sustained demand, sending

BorgWarner's second-quarter profit beats on auto parts demand
Australia|Economy

Australia's home prices rise in July but three capital cities record decline

Overall home prices in Australia rose for an 18th straight month in July, but three capital cities recorded a decline in a sign that the red-hot rally in the housing market is

Australia's home prices rise in July but three capital cities record decline
Economy|Finance

US pending home sales surge in June

Contracts to buy U.S. previously owned homes rebounded sharply in June as an improvement in supply and some moderation in mortgage rates pulled buyers in from the sidelines.

US pending home sales surge in June
Business|Economy|Environment

JetBlue to buy sustainable jet fuel for use at New York airport

JetBlue Airways said on Wednesday it agreed to procure sustainable aviation fuel (SAF) from a unit of U.S. refiner Valero Energy Corp, which would be distributed by energy firm World

JetBlue to buy sustainable jet fuel for use at New York airport
Economy

Brazil's jobless rate drops to 6.9% in quarter through June

Brazil's jobless rate remained at its lowest level in a decade in the three months through June, data from statistics agency IBGE showed on Wednesday, as the number of employed

Brazil's jobless rate drops to 6.9% in quarter through June
Business|Economy

Johnson Controls CEO to retire, names new director after talks with Elliott

Johnson Controls said on Wednesday that it has started a succession plan for CEO George Oliver, who is set retire, and added a board member following talks with activist

Johnson Controls CEO to retire, names new director after talks with Elliott
Business|Economy|Finance

Mastercard allays spending concerns with profit beat

Mastercard beat second-quarter profit expectations on Wednesday and said spending was holding up, reassuring investors worried about customers' financial health after a

Mastercard allays spending concerns with profit beat
Business|Economy|Finance

Altria posts lower-than-expected quarterly results on muted cigarette demand

Altria missed expectations for quarterly revenue and profit on Wednesday, as the tobacco giant contends with persistent weakness in demand for its cigarette brands.

Altria posts lower-than-expected quarterly results on muted cigarette demand
Business|Economy|Finance

Delta Air Lines CEO says CrowdStrike outage to cost carrier $500 million, CNBC reports

Delta Air Lines will take a $500 million hit related to the CrowdStrike outage, the carrier's CEO Ed Bastian said in a CNBC interview on Wednesday.

Delta Air Lines CEO says CrowdStrike outage to cost carrier $500 million, CNBC reports
Economy|Finance

India's April-June fiscal deficit at 8.1% of 2024/25 target

India's fiscal deficit for the first quarter of the financial year that started in April was 1.36 trillion rupees ($16.25 billion), or 8.1% of the estimate for the whole year,

India's April-June fiscal deficit at 8.1% of 2024/25 target
Business|Economy

CNH Industrial lowers profit forecast on slow demand for farming products

Farm and construction equipment maker CNH Industrial on Wednesday lowered its 2024 profit forecast for the second time, as slowing demand for its tractors and combines

CNH Industrial lowers profit forecast on slow demand for farming products
Asia|Business|Economy

Hong Kong court adjourns China developer Shimao's liquidation petition

Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time

Hong Kong court adjourns China developer Shimao's liquidation petition
Economy|Europe

Euro zone inflation edges up in 'difficult print' for ECB

Euro zone inflation unexpectedly edged up in July, data showed on Wednesday, although a widely watched gauge of price growth in the services sector eased.

Euro zone inflation edges up in 'difficult print' for ECB

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