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JPMorgan poaches investment bankers from Goldman, Deutsche in expansion of business services group

By Sabrina Valle NEW YORK (Reuters) -JPMorgan Chase & Co has poached three senior investment bankers from Deutsche Bank and Goldman Sachs to expand the M&A team that caters to the business services sector – and isn’t done yet – in a push to dramatically increase ...
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Procter & Gamble fiscal 1Q results top Street, sees less of an impact from tariffs for fiscal 2026

Procter & Gamble fiscal first-quarter performance managed to top Wall Street’s view and the consumer products maker now foresees less of an impact from tariffs for fiscal 2026. Shares of the maker of products such as Crest toothpaste, Tide detergent and Charmin toilet paper rose ...
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Inflation climbs to highest level since January, beef prices soar

(NEW YORK) -- Consumer prices rose 3% in September compared to a year ago, extending a monthslong uptick that has sent inflation to its highest level since January, government data on Friday showed. The reading came in lower than economists' expectations.The fresh data marked ...
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Fed rate cut bets rise after inflation rose less than expected in September

(Reuters) -Traders added to bets the Federal Reserve will deliver two more quarter-point interest rate cuts this year, including one next week, after a U.S. government report showed consumer inflation rose a little less than expected last month.  Futures contracts that settle to the Fed’s ...
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Beyond Meat expects to post quarterly revenue above estimates amid short squeeze frenzy

(Reuters) -Beyond Meat said on Friday it expects about $70 million in third-quarter revenue, above analysts’ estimates, as the faux meat maker’s heavily shorted stock rose about 10% in premarket trading, extending its recent sharp rally. Shares of the company have risen roughly 500% in ...
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US consumer prices increase less than expected in September

NEW YORK (Reuters) -U.S. consumer prices rose slightly less than expected in September, preserving market expectations the Federal Reserve will cut interest rates at its policy meeting next week. The Consumer Price Index (CPI) rose 0.3% last month after climbing 0.4% in August, the Labor Department’s ...
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General Dynamics beats results estimates on strong business jet deliveries

(Reuters) -General Dynamics on Friday beat Wall Street estimates for third-quarter profit and revenue, driven by strong business jet deliveries as affluent customers continued to spend on high-end air travel. The Gulfstream jet maker’s adjusted profit came in at $3.88 per share for the quarter, ...
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Bank of Canada to cut interest rate once more on October 29, say economists: Reuters poll 

By Indradip Ghosh BENGALURU (Reuters) -The Bank of Canada will reduce its overnight interest rate by 25 basis points on October 29 for a second consecutive time to support a weak economy under threat from U.S. tariffs, according to a majority of economists polled by ...
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US firms grapple with economic divide as lower income struggles mount

By Juveria Tabassum and Niket Nishant (Reuters) -U.S. companies across industries are feeling the squeeze from the deepening split between lower-income and affluent consumers as tariffs pile on more uncertainty. Bellwethers such as Coca-Cola, along with toymakers, hoteliers, and financial-service providers, have revealed the impact ...
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In a California farming region, researchers are mapping rural heat to protect farmworkers

In the summers, the sky is jet black when Raul Cruz arrives at this Imperial Valley sugarcane field to start his day. He chops, cleans and bundles the crop, taking heed as the sun rises. It’s hard work, but so is starting at 4 ...
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Wall St Week Ahead-Megacap-led earnings deluge, Fed meeting headline busy US markets week

By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock rally confronts a potentially consequential week to keep its momentum heading into year-end, including a flood of corporate results headlined by megacap companies and a likely interest rate cut by the Federal Reserve after its two-day ...
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Morning Bid: Tariff Man turns terminator

By Anna Szymanski LONDON (Reuters) -Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers! Expectations of a thaw in U.S.-China relations gave Asian equities a boost on Friday, after the White ...
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