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Insurance tech firm Exzeo valued at $1.9 billion in muted NYSE debut

(Reuters) -Insurance technology firm Exzeo Group's shares opened flat in their New York Stock Exchange debut on Wednesday, bucking the trend of strong listings in the insurance sector and valuing the company at nearly $1.91 billion. Shares of the Tampa, Florida-based Exzeo opened at $21 ...
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Cathay Pacific to buy back shares from Qatar Airways for $897.3 million

(Reuters) -Cathay Pacific Airways will repurchase all of its shares owned by Qatar Airways for a total consideration of HK$6.97 billion ($897.33 million), Hong Kong's flagship carrier said on Wednesday. Cathay Pacific, which will repurchase 9.57% of its issued shares at HK$10.8374 per share, said ...
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US household debt up modestly in third quarter, New York Fed says

By Michael S. Derby (Reuters) -Overall U.S. household debt levels increased modestly in the third quarter as borrowing in some form of trouble stabilized and student loan woes increased, the New York Federal Reserve said on Wednesday. As part of its latest report on borrowing in ...
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Bunge beats profit estimates on strong processing margins, Viterra boost

By Karl Plume and Pooja Menon (Reuters) -Bunge Global topped Wall Street estimates for third-quarter adjusted profit on Wednesday with the closing of its acquisition of Viterra in July boosting volumes as oilseed processing margins improved, sending shares up 2.6%. Strong South American soybean exports ...
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Automakers face higher costs from US port fees, car carrier Wallenius Wilhelmsen warns

STOCKHOLM (Reuters) -Automakers transporting their cars to the U.S. could face $200 to $300 per vehicle in additional costs, the CEO of car carrier Wallenius Wilhelmsen told Reuters on Wednesday, as the company seeks to pass on new U.S. port fees to customers. Higher-than-expected U.S. ...
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Johnson Controls sees 2026 profit higher than estimates on data-center demand

(Reuters) -Johnson Controls International forecast 2026 profit above expectations on Wednesday, banking on sustained demand from data centers for its building and industrial equipment. As businesses accelerate their adoption of AI, the need for data centers has skyrocketed, helping companies like Johnson Controls, which makes ...
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China poses ‘very significant’ challenge to German brands, BMW leader says

By Gergely Szakacs DEBRECEN, Hungary (Reuters) -China poses a "very significant" competitive challenge to German carmakers, the head of luxury carmaker BMW's new Hungarian plant said on Wednesday, with Chinese rival BYD soon to start production in the country. Under right-wing Prime Minister Viktor Orban, Hungary ...
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Axon shares extend fall as tariffs hurt the Taser maker’s quarterly profit

By Aatreyee Dasgupta (Reuters) -Shares of Axon Enterprise slipped 19% in premarket trading on Wednesday, a day after the Taser maker missed analysts' estimates for third-quarter profit due to higher costs from U.S. tariffs. The Arizona-based Axon's shares had fallen nearly 21% after market hours on ...
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New York Times tops estimates for subscriber adds on strong demand, bundling efforts

(Reuters) -The New York Times added more than double the number of digital subscribers than Wall Street had expected in the third quarter, as consumers flocked to its website to keep track of the rapidly changing global political and economic landscape. The publisher on Wednesday ...
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Wall St set for muted open after private payrolls data; tech valuation concerns persist

By Twesha Dikshit and Purvi Agarwal (Reuters) -U.S. stock indexes were poised for a muted open on Wednesday, as investors retreated from AI-linked stocks for a second day on concerns over ballooning valuations and parsed through a stronger-than-expected private payrolls report. U.S. private payrolls rebounded sharply ...
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Pinterest shares tumble on stiff ad competition, tariff-driven pressures

(Reuters) -Pinterest shares sank 18% on Wednesday as its dour forecast fueled fears the image-sharing platform is struggling to find new avenues of growth amid tariff pressures and competition from bigger rivals. The share slump is set to erase $4.36 billion from the company's market ...
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Shein store opening in Paris draws protesters and bargain hunters

By Mimosa Spencer PARIS (Reuters) -Protesters bearing "Shame on Shein" placards gathered outside a Paris department store on Wednesday, hours before the opening of the online fast-fashion retailer's first ever permanent shop amid fierce criticism of its low-cost business model. Dozens of shoppers also lined up ...
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