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Japan’s core inflation accelerates in September, stays above BOJ target

By Leika Kihara TOKYO (Reuters) – Japan’s core consumer prices rose 2.9% year-on-year in September, data showed on Friday, staying above the central bank’s 2% target and keeping alive market expectations of a near-term interest rate hike. The data will be among ...
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Baker Hughes beats profit estimates on strong industrial and energy tech demand

(Reuters) -Oilfield services provider Baker Hughes on Thursday beat Wall Street estimates for third-quarter profit, driven by strength in its industrial and energy technology (IET) business. As oilfield services firms navigate a volatile market, resilient areas like LNG infrastructure, power grid upgrades, and growing electricity ...
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Boeing union sets October 26 vote on contract offer for 3,200 striking workers

(Reuters) -A union representing over 3,200 striking workers at Boeing said on Thursday that its members will vote on October 26 on an existing contract offer from the company with minor modifications. The International Association of Machinists and Aerospace Workers represents members who assemble fighter ...
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Newmont beats quarterly profit estimates, warns of lower cash flow ahead

By Sumit Saha (Reuters) -Newmont beat third-quarter profit estimates on Thursday, as record-high gold prices helped offset its weaker production, but warned that fourth-quarter free cash flow would take a hit due to higher spending. The world’s largest gold miner said free cash flow in the ...
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Rivian agrees to pay $250 million to settle IPO fraud lawsuit

SAN FRANCISCO (Reuters) -Rivian has agreed to settle a 2022 class-action lawsuit for $250 million with certain shareholders who had alleged that the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday.(Reporting by ...
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US weekly jobless claims increase, more people collecting unemployment checks, economists estimate

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits increased last week, economists estimated on Thursday, and more people were collecting unemployment checks in early October amid easing labor market conditions. Initial claims for state unemployment benefits rose to a seasonally ...
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Intel posts profit even as it struggles to regain market share

NEW YORK (AP) — Intel has posted a profit in its first quarterly report since the U.S. government became a major shareholder in the struggling chipmaker. The one-time American tech icon reported a net income of $4.1 billion, or 90 cents per share, in ...
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Trump administration finalizes plan to open pristine Alaska wildlife refuge to oil and gas drilling

JUNEAU, Alaska (AP) — The Trump administration on Thursday finalized plans to open the coastal plain of Alaska’s Arctic National Wildlife Refuge to potential oil and gas drilling, renewing a long-simmering debate over whether to drill in one of the nation’s environmental jewels. U.S. Interior ...
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Deadly semitrailer crash in California renews federal criticism of immigrant truck drivers

A 21-year-old semitruck driver accused of being under the influence of drugs and causing a fiery crash that killed three people on a southern California freeway is in the country illegally, U.S. Homeland Security officials said Thursday. Jashanpreet Singh was arrested and jailed after Tuesday’s ...
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Factbox-From First Brands to Ambipar: latest flashpoints in credit markets

By Manya Saini (Reuters) -A spate of credit issues in recent weeks has drawn investor attention to the multi-trillion-dollar global credit market, with risks spanning several high-profile financial firms, including major Wall Street banks and regional lenders. The bankruptcies of auto parts maker First Brands and ...
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Coca-Cola to incur $1 billion charge for African bottling stake sale

(Reuters) -Coca-Cola expects to take an impairment charge of about $1 billion during the fourth quarter of 2025 related to the sale of a part of its interest in bottling operations in Africa, the beverage maker said in regulatory filing on Thursday. Shares of Coca-Cola ...
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Target plans to cut 1,800 corporate roles, WSJ reports

(Reuters) -Target plans to cut around 1,800 corporate roles as part of its strategy to reverse stagnant sales, the Wall Street Journal reported on Thursday, citing people familiar with the matter. As of February 1, the company had about 440,000 employees. The company’s restructuring follows ...
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