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Ralph Lauren raises annual revenue forecast on resilient demand

(Reuters) -Ralph Lauren raised its annual revenue forecast on Thursday, betting on resilient demand for its high-priced Polo shirts and cotton cable knit sweaters amid rising economic uncertainty. The owner of several high-end apparel and accessory brands, which has implemented selective price hikes, keeps benefiting ...
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Cummins beats quarterly estimates on strong power generation demand

-U.S. truck engine maker Cummins on Thursday reported third-quarter results above Wall Street estimates, driven by strong demand for its power generation systems and distribution segments, sending its shares up more than 7% before the bell. The company said it would not provide an outlook ...
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The end is near for policy easing among big central banks

By Naomi Rovnick and Alun John LONDON (Reuters) -Central banks in big economies are nearing the end of their rate-cutting cycles, though some, like the U.S. Federal Reserve and Bank of England - which were more cautious earlier in the year - have scope to ...
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Exclusive-US sorghum shipment heads to China after Trump-Xi meeting, grains council chairman says

By Casey Hall SHANGHAI (Reuters) -A shipment of sorghum has been sent from the United States to China over the last week, Mark Wilson, chairman of the U.S. Grains and BioProducts Council, said on Thursday, the first known cargo following the recent meeting between the ...
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US regional banks weather CRE storm, office loans continue to lag

By Niket Nishant and Manya Saini (Reuters) -U.S. regional banks' commercial real estate loan books are proving broadly resilient despite worries sparked by a handful of soured loans, but the office sector continues to be a pain point, analysts said. At least eight mid-sized and ...
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Chinese firm signs $5.2 billion of agricultural deals with traders including Cargill, LDC

BEIJING (Reuters) -Chinese supply chain operator and property developer Xiamen C&D said on Thursday it had signed contracts totalling over $5.2 billion with seven agribusinesses and trading houses including Cargill and Louis Dreyfus Company in Shanghai. The contracts signed covered soybeans, corn and cotton among ...
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US trade negotiator eyes trade deal with Switzerland, says talks underway with Mexico

By Andrea Shalal WASHINGTON (Reuters) -U.S. trade officials met with representatives from Switzerland this week and are having discussions with trade officials from Mexico, Central America and others in the Western Hemisphere, U.S. Trade Representative Jamieson Greer said on Thursday. Greer told Fox Business Network's "Mornings ...
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Renault revives Twingo with new affordable electric version to boost sales  

By Gilles Guillaume PARIS, November 6 (Reuters) -Renault unveiled its new electric Twingo small car on Thursday as the French automaker seeks to leverage a popular old model name and a price tag of under 20,000 euros ($23,000) to boost its electric vehicle sales. The small ...
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Zuckerberg, Chan shift bulk of philanthropy to science, focusing on AI and biology to curb disease

REDWOOD CITY, Calif. (AP) - For the past decade, Dr. Priscilla Chan and her husband Mark Zuckerberg have focused part of their philanthropy on a lofty goal - "to cure, prevent or manage all disease" - if not in their lifetime, then in their ...
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Charles Schwab to buy private shares platform Forge Global in $660 million deal

(Reuters) -Charles Schwab on Thursday agreed to buy private shares platform Forge Global, in a deal valued at $660 million as Wall Street firms seek to meet growing investor demand for access to high-growth startups. Major financial institutions are expanding services that give clients access ...
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Tapestry lifts annual targets as Tabby craze fuels handbag sales

By Juveria Tabassum (Reuters) -Tapestry's efforts to protect margins against tariffs, a leaner Kate Spade product line and strong Gen-Z demand for Coach's Tabby handbags helped the company lift its annual profit and sales targets on Thursday. Affordable luxury companies are leaning into demand from ...
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Wall St futures subdued as Qualcomm dips, focus on economic data

(Reuters) -U.S. stock index futures were muted on Thursday, as a drop in Qualcomm's shares added to concerns about stretched valuations in technology stocks, while mixed economic data fueled uncertainty about the U.S. economy. Qualcomm dipped 2.8% after the chip designer warned of a possible ...
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