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Albertsons raises annual profit forecast on steady grocery demand

(Reuters) -Albertsons raised its annual profit and sales forecast on Tuesday, citing steady demand for essential groceries and pharmacy products despite tight consumer budgets. Shares were up 5% in premarket trading after the company also raised its share buy-back plan by $750 million. U.S. consumers ...
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Goldman’s profit beats estimates as dealmaking rebound boosts investment banking

By Ateev Bhandari and Saeed Azhar (Reuters) -Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets. The bank’s prediction for a banner year for dealmaking has materialized ...
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JPMorgan lifts interest income forecast after profit beats estimates

By Manya Saini and Nupur Anand (Reuters) -JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, after strong performance in its trading and investment banking businesses helped it beat expectations for third-quarter profit . Economic resilience despite tariff war risks and hopes of ...
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BlackRock’s assets hit record $13.46 trillion on third-quarter markets rally

By Anirban Sen and Prakhar Srivastava NEW YORK (Reuters) -BlackRock on Tuesday reported a higher third-quarter profit as a rally in global markets lifted fee income and pushed its assets under management to a record $13.46 trillion. BlackRock’s assets under management rose to $13.46 trillion, up ...
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Citigroup profit climbs on record revenue, while Mexico sale drags

By Tatiana Bautzer and Pritam Biswas (Reuters) -Citigroup reported a rise in third-quarter profit, as all its divisions brought in record revenue, sending the bank’s shares up about 1% in trading before the bell. Citi and its competitors benefited from a resurgence in activity ...
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Analysis-Auto sector bankruptcies spark fresh scrutiny of Wall Street credit risks

By Anirban Sen, Saeed Azhar and Matt Tracy NEW YORK (Reuters) -The bankruptcies of automotive-related companies First Brands and Tricolor, along with potential losses at banks and investment funds, are raising new concerns about hidden risks in parts of the credit market — prompting investors ...
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Wells Fargo raises return targets after asset cap lifted; beats profit estimates

(Reuters) -Wells Fargo on Tuesday beat Wall Street estimates for third-quarter profit and raised its closely watched profitability target after regulators removed an asset cap imposed on the bank, paving the way for it to pursue growth. The U.S. Federal Reserve lifted the lender’s ...
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Oil executives see market rebalancing from surplus in medium-term

By Robert Harvey LONDON (Reuters) -The global oil market will tighten in the medium to longer term, a range of oil industry executives said in London this week, maintaining optimism despite a near-term glut driven by rising output. Production decline rates, which could accelerate as prices ...
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World oil market to see huge glut in 2026, IEA says

By Alex Lawler LONDON (Reuters) -The world oil market faces an even bigger surplus next year of as much as 4 million barrels per day as OPEC+ producers and rivals lift output and demand remains sluggish, the International Energy Agency predicted on Tuesday. The latest outlook ...
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Exclusive-Broadcom to launch new networking chip, as battle with Nvidia intensifies

By Max A. Cherney SAN FRANCISCO (Reuters) -Broadcom is launching a new networking chip on Tuesday that will help companies build artificial intelligence computing systems by stringing together hundreds of thousands of chips that crunch data, deepening its rivalry with Nvidia. The chip, called the Thor ...
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Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger

(Reuters) -Rayonier and PotlatchDeltic said on Tuesday they will merge in an all-stock deal valued at about $8.2 billion, including debt, to create one of North America’s largest publicly traded timber and wood products companies. The merger comes as lumber markets remain volatile, whipsawed by ...
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Russian aerial attack hits a Ukrainian hospital, days before Zelenskyy meets Trump

KYIV, Ukraine (AP) — Russian forces launched powerful glide bombs and drones against Ukraine’s second-largest city in overnight attacks, hitting a hospital and wounding seven people, an official said Tuesday, as European military aid for Kyiv dropped sharply and Ukrainian President Volodymyr Zelenskyy prepared ...
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