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The new $50M Literary Arts Fund will support independent publishers and nonprofits

NEW YORK (AP) — Citing a chronic shortage of financial backing for independent publishers and nonprofits dedicated to writing and reading, a coalition of seven charitable foundations has established a Literary Arts Fund that will distribute a minimum of $50 million over the next ...
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Champions League winner PSG made nearly $1 billion in club-record revenue last season

PARIS (AP) — Champions League winner Paris Saint-Germain generated club-record revenue of 837 million euros ($976 million) last season. The figures released by the club on Tuesday include 175 million euros in matchday revenue and 367 million euros in commercial revenue, with six new partners ...
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UPS 3Q results top Street; gives details of turnaround efforts, including 34,000 job cuts

United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 34,000 job cuts. Shares surged more than 12% before the market open on Tuesday. UPS earned $1.31 billion, or $1.55 per share, for the three ...
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UPS delivers upbeat revenue forecast after results beat, shares surge

(Reuters) -United Parcel Service beat analysts’ estimates for third-quarter profit and forecast revenue above Wall Street expectations for the holiday season on Tuesday, banking on price increases to offset soft business-to-business demand in the U.S. Shares of the company jumped 16% in premarket trading, with ...
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Royal Caribbean forecasts quarterly profit below estimates

(Reuters) -Royal Caribbean forecast current-quarter profit below expectations on Tuesday, amid higher fuel costs and rising economic uncertainty. Shares of the company, which also forecast annual profit below estimates, were down about 8% in premarket trading. Following a post-pandemic boom in demand, the company is struggling ...
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Factbox-European companies cut jobs in response to slowing economy

(Reuters) -Several European companies have frozen hiring or cut jobs this year, citing difficult economic conditions exacerbated by U.S. tariffs. Here are some of the companies that announced layoffs: CAR AND CAR PARTS MAKERS * BOSCH: The German home appliance manufacturer will cut 13,000 jobs as it ...
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How Americans will be celebrating Halloween, according to a new AP-NORC poll

NEW YORK (AP) — Sherry Jenkins is a Halloween person by default. She lives in Blairstown, New Jersey, a rural town where much of the original “Friday the 13th” horror movie was filmed. That date is, of course, a huge draw for tourists, but ...
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WTO Chief calls for reform of consensus rule amid trade disruption

(Reuters) -The head of the World Trade Organization (WTO) on Tuesday called for reforms of the 30-year-old institution, highlighting its consensus rule that requires unanimous agreement among members to secure global trade deals. “We need to reform the system, we cannot be complacent,” WTO Director-General ...
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UnitedHealth lifts 2025 profit forecast, CEO eyes growth in 2026

(Reuters) -UnitedHealth on Tuesday raised its annual profit forecast after reporting better-than-expected quarterly earnings as the U.S. health insurer kept medical costs in check, sending its shares up nearly 4% in premarket trading. The company had set a far lower profit forecast in July after ...
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Market liquidity concerns cloud end of Fed’s balance sheet drawdown

By Michael S. Derby (Reuters) -As Wall Street’s expectations have rapidly shifted toward an imminent end to the Federal Reserve’s effort to shrink its bond holdings, some analysts also anticipate a return to balance sheet expansion in relatively short order. A wide range of economists in ...
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US Senator Sanders challenges Bezos, Amazon on automation’s job impacts

By Greg Bensinger SAN FRANCISCO (Reuters) -U.S. Senator Bernie Sanders on Tuesday called on Amazon.com founder Jeff Bezos to account for what the Vermont independent said were hundreds of thousands of potential lost jobs due to automation. “If Amazon succeeds on its massive automation plan, it ...
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Russian oil company Lukoil to sell international assets in response to Trump sanctions

FRANKFURT, Germany (AP) — Russian oil major Lukoil says it is selling its international assets in response to sanctions imposed by U.S. President Donald Trump that aim to push Russia to agree to a ceasefire in its war against Ukraine. The company said in ...
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