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Tests coming for rocky market from Tesla, Netflix and delayed CPI report

By Lewis Krauskopf NEW YORK (Reuters) -Earnings reports from companies led by Tesla and Netflix will provide a deeper look at U.S. corporate profits in the coming week, and a delayed U.S. inflation release will mark another test for the stock market, which has become ...
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Xiaomi shares post worst week in 3-1/2 years as accidents stoke EV safety concerns

BEIJING (Reuters) -Shares of Chinese EV maker Xiaomi suffered their biggest weekly loss in more than 3-1/2 years on Friday, after media reported two separate accidents involving its best-selling model this week. Xiaomi shares ended the day 3.7% lower at HK$45.96 ($5.92), the lowest close ...
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Car equipment supplier Autoliv beats operating profit estimates in third quarter

(Reuters) -Autoliv, the world’s largest producer of airbags and seatbelts, reported a third-quarter adjusted operating profit above market expectations on Friday and said it had recovered around 75% of the tariff-related costs in the quarter. Adjusted operating profit grew to $271 million in the quarter, ...
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Jefferies says fund tied to First Brands collapse separate from investment banking

(Reuters) -Jefferies’ fund caught up in the collapse of auto parts maker First Brands is separate from its investment banking business, its top executives said at the bank’s investor day. “The Point Bonita fund in asset management sits absolutely separate, distinct and ...
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Morning Bid: Credit risk is alive and well

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!  Global equities are being weighed down this morning by weakness in U.S. ...
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SLB beats estimates for third-quarter profit on strong North America demand

(Reuters) -SLB beat Wall Street estimates for third-quarter profit on Friday, helped by strong demand for its oilfield equipment and services in North America. The company reported an adjusted profit of 69 cents per share for the quarter ended September 30, compared with analysts’ estimate ...
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Rapid growth of ETF market triggers fears of bubble

By Suzanne McGee (Reuters) -The U.S. exchange-traded fund market is churning out new products at an unprecedented clip, creating concerns about a bubble developing – causing some investors to become more selective about which funds to support and question how many can survive. The ETF industry ...
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AmEx bets on holiday spending by affluent customers to update 2025 forecasts

(Reuters) -American Express raised the lower end of its 2025 profit and revenue forecasts on Wednesday as its affluent customers looked past economic uncertainty and continued spending ahead of the holiday season. Analysts expect AmEx to benefit from spending by high-income customers, particularly on travel ...
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Egypt raises fuel prices for the second time this year

CAIRO (AP) — Egypt increased fuel prices by around 12% on Friday, a step likely to drive up the costs of goods and services across the country. This is the second fuel price hike this year. In a statement posted on Facebook, the Egyptian government ...
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Analysis-Czech, Polish firms snap up German Mittelstand bargains

By Michael Kahn and Anna Koper PRAGUE/WARSAW (Reuters) -A growing wave of bankruptcies in Germany’s stuttering economy is spurring Czech and Polish businesses to snap up struggling companies across the border to fuel expansion into Europe’s largest market and beyond. The trend underlines how, three decades ...
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English winemakers hope for export boost as they toast warmest summer

By Sarah Young and Nora Buli WEST CHILTINGTON, England/OSLO (Reuters) -English winemakers are betting that surging exports can sustain their once novelty product after domestic sales growth slowed, hoping for a boost from Britain’s warmest summer on record this year as climate change optimised conditions. ...
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Hermes designer Veronique Nichanian to depart after 37 years

PARIS (Reuters) -Veronique Nichanian, artistic director of menswear styles at Hermes , is departing after 37 years at the brand, Hermes confirmed on Friday. Her departure comes amid a sector-wide designer overhaul with dozens of high-end fashion brands recruiting new designers, including Matthieu Blazy, 41, ...
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