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Wall St reacts to Musk’s $1 trillion pay plan approval by Tesla investors

(Reuters) -Tesla CEO Elon Musk has won shareholder approval for the largest corporate pay package in history. At the EV maker's annual meeting at its factory in Austin, Texas, Musk bounded to the stage accompanied by dancing robots. The proposal was approved with more than ...
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Canada’s job market surprisingly expands, unemployment falls in October

By Promit Mukherjee OTTAWA (Reuters) -Canada's job market made a solid gain in October, reversing past declines and beating expectations, and its unemployment rate fell, data showed on Friday. The economy added a net of 66,600 jobs in October following 60,400 job gains in the prior ...
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China restores soybean licenses for U.S. firms, ends log ban

BEIJING (Reuters) -China will restore soybean import licences for three U.S. firms and lift its suspension on U.S. log imports starting November 10, its customs authority said on Friday in another sign of easing trade tensions between the two nations. The licence suspensions for farmer-owned ...
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PNC broadens branch expansion plan to more than 300 by 2030

(Reuters) -U.S. lender PNC said on Friday it will be opening more than 300 new branches by 2030, adding about 100 locations to its earlier plan as it looks to expand its in-person banking footprint. Even as digital banking and online payments have lowered the ...
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Wall Street futures fall at end of wobbly week

By Twesha Dikshit and Purvi Agarwal (Reuters) -U.S. stock futures inched lower on Friday, putting the main indexes on course for sharp weekly declines, as concerns about the economy and sky-high valuations in the technology sector soured sentiment. The three main U.S. indexes ended sharply lower ...
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Fed in economic data hunt turns to the tried-and-true and also the new 

By Howard Schneider WASHINGTON (Reuters) -Two weeks before the U.S. Federal Reserve's last meeting, with the federal government's data spigot closed, Atlanta Fed staff backstopped their view of the economy by analyzing how past surveys of business executives had aligned with employment, spending, output and ...
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KKR’s quarterly profit beats estimates on rising inflows

By Isla Binnie (Reuters) -KKR reported a rise in third-quarter profit that beat Wall Street's expectations on Friday, boosted by strong fundraising, particularly in its insurance unit and credit. Adjusted net income of $1.27 billion, or $1.41 per share, surpassed the $1.17 billion, or $1.30 ...
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IKEA profit falls 26% to $2 billion as US tariffs fuel costs

LONDON (Reuters) -Sweden's Inter IKEA, which supplies furniture to IKEA stores around the world, said on Friday its annual operating profit dropped 26% as the impacts of U.S. tariffs drove up costs. The IKEA brand owner said operating profit for the financial year ended August ...
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Fed Vice Chair Jefferson: Slow approach to cuts makes sense as policy rate approaches neutral

By Howard Schneider WASHINGTON (Reuters) -The Fed should "proceed slowly" in approving further interest rate cuts as monetary policy moves closer to a neutral stance, Fed Vice Chair Philip Jefferson said on Friday. Following a quarter-point rate cut last week, which Jefferson supported, he said "the ...
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Honda cuts annual operating profit after posting Q2 drop

TOKYO (Reuters) -Honda Motor cut its annual profit forecast by about a fifth and posted a 25% drop in its second-quarter operating profit on Friday, as its performance took a hit from U.S. import tariffs and one-off costs related to electric vehicles. ...
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Daimler Truck posts 40% drop in quarterly profit, but keeps annual forecasts

(Reuters) -Daimler Truck reported a bigger-than-expected 40% drop in third-quarter operating profit on Friday, but stuck to its annual forecasts on the back of a positive momentum in Europe and a recovery in North America. Adjusted earnings before interest and taxes (EBIT) came in at ...
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Westpac will not appeal work-from-home ruling loss

SYDNEY (Reuters) -Australian bank Westpac will not appeal a labour tribunal ruling after it lost a case to compel one of its workers to be in the office twice a week, according to a bank spokesperson. * The Fair Work Commission ...
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