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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 ...
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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 ...
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Analysis-Trump’s Tylenol claims limit M&A options for parent company Kenvue

By Abigail Summerville and Svea Herbst-Bayliss (Reuters) -Tylenol maker Kenvue was already having a painful year before U.S. President Donald Trump and his health secretary got involved. Activist investor Starboard Value took aim at the company about a year ago, forcing ...
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J&J to spin off orthopedics business, raises full-year forecast

By Patrick Wingrove (Reuters) -Johnson & Johnson on Tuesday raised its 2025 sales forecast after reporting quarterly earnings that topped Wall Street expectations, and announced plans to spin off its orthopedics business into a standalone company. The healthcare conglomerate now expects ...
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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 ...
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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. ...
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Shah Capital pushes for Novavax’s sale on persistent underperformance, marketing missteps

By Sneha S K and Bhanvi Satija (Reuters) -Shah Capital has urged Novavax’s board to pursue a sale of the biotech, citing a third consecutive year of poor roll-out of its COVID-19 shot, the hedge fund said on Tuesday. ...
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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, ...
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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 ...
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Fed’s Powell addresses economy pulled between risks to growth, jobs and prices

By Howard Schneider PHILADELPHIA (Reuters) -Federal Reserve Chair Jerome Powell on Tuesday delivers his last scheduled remarks before the Fed’s next meeting with the economy enjoying stronger-than-expected growth and a recent jump in productivity,  but still adjusting to tariff and ...
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Trump to welcome Argentina’s President Milei as US extends $20 billion lifeline

BUENOS AIRES, Argentina (AP) — Argentina’s libertarian leader is lavishing praise on Donald Trump ahead of his first White House meeting with the U.S. president on Tuesday. It’s a tactic that has helped transform President Javier Milei ’s cash-strapped ...
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Diligent Robotics eyes senior living market as it expands beyond hospitals

By Akash Sriram (Reuters) -Diligent Robotics is in talks with senior living operators to deploy its robots beyond hospitals as it expands outside healthcare, chief executive Andrea Thomaz told Reuters on Tuesday. The U.S. senior living market, valued at $907.59 billion ...
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