Clear 23°. Wind Chill: 19°. Wind: S 7 mph.
Trending: Trump in Paris for Notre Dame Cathedral’s reopening and to meet with Macron
HomeNewsNationalBusiness ( Page 218)

Business

Subscribe to the Business News Feed.
SHARE NOW
by

Fed seen cutting policy rate by 25 bps in Nov, Dec

(Reuters) -Federal Reserve policymakers are very likely to go ahead with cutting short-term U.S. borrowing costs by a quarter percentage point next week, traders bet on Thursday, after economic data suggested price pressures continue to ease.  Inflation by the Fed’s targeted measure, the year-over-year increase ...
by

Brewers’ volumes disappoint as drinkers buy less beer

(Adds missing punctuation in lead and headline) By Emma Rumney, Jacob Gronholt-Pedersen LONDON/COPENHAGEN (Reuters) -Two of the biggest brewers, Anheuser-Busch InBev and Carlsberg, sold less than forecast in the third quarter as consumers, particularly in China, cut their spending by drinking less or choosing cheaper beer.  The ...
by

Traders stick to bets on 25 bps Fed rate cuts in Nov, Dec

(Reuters) – Traders of short-term interest-rate futures on Thursday stuck to bets the Federal Reserve will cut short-term U.S. borrowing costs by a quarter-of-a-percentage point next week, and likely again by that amount in December, after economic data suggested upward ...
by

Uber gross bookings growth slows, shares slide

(Reuters) -Uber Technologies’s gross bookings grew at its slowest pace in over a year in a sign that riders were opting for less expensive public transportation over taxis, sending its shares down more than 6% in premarket trading. The company also forecast current-quarter gross bookings, ...
by

US LNG exports to rise at smallest pace since 2016

By Curtis Williams and Scott DiSavino HOUSTON/NEW YORK (Reuters) – U.S. liquefied natural gas exports this year will rise about 2%, analysts estimate, the smallest annual increase since 2016 when the first big U.S. LNG export plant opened, launching a boom ...
by

Norwegian Cruise lifts profit forecast again after record ticket sales

(Reuters) – Norwegian Cruise Line Holdings on Thursday raised its annual profit forecast for a fourth time this year, encouraged by record third-quarter revenue and advance ticket sales. Cruise operators marked robust demand this quarter for their vacation experiences as consumer ...
https://www.regionalmedianews.com/contests/show-us-your-rack
by

NYSE-parent ICE’s quarterly profit rises on strong trading volumes

(Reuters) – Intercontinental Exchange reported a higher third-quarter profit on Thursday, helped by strong trading volumes across asset classes due to geopolitical risks and shifting expectations of interest rate cuts. Conflict in the Middle East and diverging views of the interest ...
by

US planned layoffs drop again in October, recruitment firm Challenger says

(Reuters) – U.S. layoff announcements tumbled in October to a three-month low in another sign the job market remains in good shape ahead of next week’s presidential election, a monthly tally of workforce reduction announcements showed on Thursday. Firms announced 55,597 ...
by

ConocoPhillips reports Q3 profit beat on higher output, hikes share buyback

(Reuters) -ConocoPhillips exceeded Wall Street’s third-quarter profit estimates on Thursday as the Texas-based oil and gas producer reaped the benefits of higher production, sending its shares rising 2.6% at $105.5 in premarket trading. Commodity price volatility has been in focus in the past few ...
by

Peloton brings in former Apple executive Peter Stern as CEO to steer turnaround

(Reuters) -Peloton Interactive has appointed former Apple executive Peter Stern as its CEO and president effective Jan. 1, the fitness-equipment maker said on Thursday, to steer its turnaround efforts after a post-pandemic slump in demand. Peloton’s shares jumped 12.5% before the bell. Stern, 52, is ...
by

Nvidia’s proposed buy of AI startup Run:ai requires EU approval, EU regulators say

BRUSSELS (Reuters) – U.S. chipmaker Nvidia’s proposed acquisition of AI startup Run:ai will have to be approved by EU antitrust regulators before the deal can be completed, the European Commission said on Thursday. The EU competition enforcer said Nvidia will have ...
by

Investment bank Lazard’s profit surges on dealmaking recovery

(Reuters) -Investment bank Lazard reported a surge in third-quarter profit on Thursday, driven by an industry-wide recovery in dealmaking. After a dry spell lasting more than two years due to elevated interest rates and market volatility, corporate clients are now once again looking to pursue ...
First Previous214215216217218219220221222Next Last