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Australia’s Star Entertainment narrows first-quarter losses on a sequential basis

(Reuters) -Australian embattled casino group Star Entertainment on Friday narrowed its first-quarter loss sequentially due to stabilised trading in Sydney and seasonally stronger volumes on the Gold Coast.  The company reported a loss before interest, taxes, depreciation and amortization for the three months ended September ...
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First Solar beats expectations for third-quarter sales on robust demand

By Dharna Bafna (Reuters) -First Solar beat expectations for third-quarter sales on Thursday, driven by robust demand for its products, sending its shares up more than 5% in extended trading. Solar-generated electricity is one of the fastest-growing segments of the U.S. energy industry, driven by ...
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Atlassian forecasts second-quarter revenue above estimates on AI demand boost

(Reuters) -Atlassian forecast second-quarter revenue above estimates on Thursday, betting on strong demand for its enterprise software services as businesses upgrade to integrate artificial intelligence, sending its shares up nearly 7% in extended trading. Businesses rushing to adopt AI are increasingly leveling up their ...
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Trump’s Korea trade deal revives concerns about currency flight

By Cynthia Kim, Yena Park and Youn Ah Moon SEOUL (Reuters) -President Donald Trump’s trade pact with South Korea could deal a major blow to the won when cash starts flowing out of the country to cover investment commitments in the U.S., though the pact ...
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Analysis-China signals sharper pivot to consumption as imbalances worsen

By Kevin Yao BEIJING (Reuters) -China’s over-reliance on investment and exports to power its $19 trillion economy appears to have reached a limit. Chinese leaders are signalling a sharper shift towards supporting consumption over the next five years as limited investment room and slowing exports ...
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Lobster population falls off New England, leading regulators to declare overfishing

PORTLAND, Maine (AP) — A new report says America’s lobsters, which have been in decline since 2018, are now being overfished off New England. The stock has declined by 34% since that year in its most important fishing grounds, the regulatory Atlantic States Marine Fisheries ...
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Trump nuclear testing order may boost Honeywell, BWX Technology and others

By Mike Stone WASHINGTON (Reuters) -President Donald Trump’s order for the Defense Department to start testing nuclear weapons could lead to billions of dollars’ worth of contracts for a handful of specialized companies that dominate the United States’ nuclear weapons infrastructure.     The Trump announcement Wednesday night ...
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Australia’s ANZ flags over $721 million profit hit in second half

(Reuters) -Australia’s ANZ warned on Friday that its second-half earnings would take a hit of A$1.11 billion ($721.28 million) after tax, as the lender booked one-off charges tied to matters including restructuring and regulatory settlements. ($1 = 1.5389 Australian dollars) (Reporting by Rishav Chatterjee in Bengaluru; ...
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Reddit’s holiday-quarter forecast shows AI ad strategy paying off

By Jaspreet Singh (Reuters) -Reddit forecast fourth-quarter revenue above Wall Street estimates on Thursday, thanks to its artificial intelligence-powered advertising tools that are boosting marketing spending on the social media platform. Shares of the company rose 9% in volatile after-hours trading. The company’s AI-optimized ad platform helps ...
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Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates

By Stephen Nellis and Akash Sriram WASHINGTON (Reuters) -Apple Chief Executive Tim Cook on Thursday gave a forecast for holiday quarter iPhone sales and overall revenue that beat Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill ...
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China to buy 12 million metric tons of soybeans this season, Bessent says

(Corrects closing soybean futures price in paragraph 7 to $11.07-3/4 per bushel from $11.06) By David Lawder, Maiya Keidan and Karl Plume CHICAGO (Reuters) -U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans ...
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Trading Day: Tech pAIn trade, Trump-Xi readout

By Jamie McGeever ORLANDO, Florida (Reuters) -Tech shares on Wall Street took a beating on Thursday after some megacap earnings reports, while the dollar and U.S. bond yields rose further following the Fed’s “hawkish” rate cut as investors also digested the outcome of the U.S.-China ...
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