Today: September 22, 2024
Today: September 22, 2024

Finance

Business|Finance

Philip Morris raises profit forecast as nicotine pouch demand grows

Philip Morris International raised its annual profit forecast on Tuesday, banking on higher cigarette prices and its growing nicotine pouch brand ZYN while trimming the outlook for its

Philip Morris raises profit forecast as nicotine pouch demand grows
Business|Economy|Finance

PulteGroup's quarterly profit beats estimates on higher home sales

U.S. homebuilder PulteGroup beat Wall Street estimates for second-quarter profit on Tuesday, as an acute shortage of existing houses drove up demand for new constructions.

PulteGroup's quarterly profit beats estimates on higher home sales
Business|Economy|Finance

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand

Sherwin-Williams on Tuesday raised its full-year earnings forecast and posted a second-quarter profit that beat estimates, as the paintmaker was helped by higher prices and increased sales

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Business|Economy|Finance

Moody's raises 2024 profit forecast above estimates on robust demand for analytics

Ratings agency Moody's Corp raised its forecast for full-year adjusted profit above Wall Street estimates, driven by strong demand for its research and analytics products.

Moody's raises 2024 profit forecast above estimates on robust demand for analytics
Asia|Economy|Finance

India's Finance Minister backs increasing Chinese direct investment

India's Finance Minister has backed her economic adviser's suggestion to allow more Chinese investment in the country, after flows were

India's Finance Minister backs increasing Chinese direct investment
Economy|Finance|Health|Stock Markets

Hospital operator HCA lifts annual profit forecast on strong demand

HCA Healthcare lifted its annual profit forecast on Tuesday due to strong demand for medical care and higher admissions, sending shares of the largest for-profit U.S.

Hospital operator HCA lifts annual profit forecast on strong demand
Economy|Finance|Stock Markets

Energy sector drags TSX lower head of BoC rate decision

Canada's main stock index fell on Tuesday as a drop in oil prices weighed on energy shares, but the move was limited ahead of a potential interest rate cut by the Bank of

Energy sector drags TSX lower head of BoC rate decision
Business|Economy|Finance

India budget shifts spending priorities while keeping fiscal deficit in check

India struck a balance between greater spending on jobs and rural development as well as transferring more funds to states, while narrowing the

India budget shifts spending priorities while keeping fiscal deficit in check
Business|Economy|Finance

The worst may be over for homebuyers

The worst may be over for homebuyers

The worst may be over for homebuyers
Business|Economy|Finance

GM beats quarterly expectations and raises forecast, but shares dive

General Motors reported second-quarter profit and revenue on Tuesday that beat Wall Street's expectations, and raised its annual profit forecast for a second time

GM beats quarterly expectations and raises forecast, but shares dive
Business|Economy|Finance

Kimberly-Clark raises annual profit forecast on higher prices

Kleenex tissue maker Kimberly-Clark on Tuesday raised its forecast for full-year profit after beating Wall Street estimates for second-quarter earnings, betting on higher prices and steady

Kimberly-Clark raises annual profit forecast on higher prices
Business|Economy|Finance

UPS boosts volume in US for first time since 2022, but profit and revenue slide

UPS managed to boost its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street’s expectations partly due to a hefty charge

UPS boosts volume in US for first time since 2022, but profit and revenue slide
Business|Economy|Finance

A very strong quarter at General Motors is overshadowed by potential headwinds for industry

U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago

A very strong quarter at General Motors is overshadowed by potential headwinds for industry
Economy|Finance|Stock Markets

Megacaps report, Harris in frame, China wobbles

A look at the day ahead in U.S. and global markets from Mike Dolan Monday's Wall Street bounce saw some relief precede the first two earnings reports from the "Magnificent 7" megacap stocks, while U.S

Megacaps report, Harris in frame, China wobbles
Business|Economy|Finance

Cheap deliveries swamp UPS earnings, sending shares reeling

United Parcel Service lowered its 2024 operating margin target on Tuesday, after new e-commerce customers - identified by industry

Cheap deliveries swamp UPS earnings, sending shares reeling
Finance|Stock Markets

Wall St ends slightly lower with Big Tech earnings on deck

Wall Street's main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the

Wall St ends slightly lower with Big Tech earnings on deck
Asia|Business|Economy|Finance

China encourages some firms to tap foreign debt to boost real economy

China's top economic planner said on Tuesday it will support high-quality companies to borrow medium- and long-term foreign debt, to support the development of the real economy,

China encourages some firms to tap foreign debt to boost real economy
Asia|Business|Finance

Toyota to launch $5.16 billion tender offer for own shares

Toyota Motor said on Tuesday it would launch an 807 billion yen ($5.16 billion) tender offer for its own shares.

Toyota to launch $5.16 billion tender offer for own shares
Business|Europe|Finance

Bosch to buy Johnson Controls air-conditioning assets in $8 billion deal

Robert Bosch has agreed to acquire Johnson Controls' and Hitachi's residential ventilation businesses for $8 billion, it said on Tuesday, in what will be

Bosch to buy Johnson Controls air-conditioning assets in $8 billion deal
Asia|Economy|Finance|News

India gives income tax relief to some to stimulate spending

India on Tuesday cut income tax rates for some citizens in an effort to boost consumption as Asia's third-largest economy struggles with uneven growth.

India gives income tax relief to some to stimulate spending
Asia|Economy|Finance

India hikes taxes on equity investments; fund managers see short-term hit

The Indian government raised the tax rate on equity derivatives trades and on capital gains from equity investments on Tuesday, which fund managers said may

India hikes taxes on equity investments; fund managers see short-term hit
Asia|Economy|Finance|Stock Markets

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

Asian stocks are mostly lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed
Asia|Economy|Finance

India unveils incentives to create jobs in first budget after election

India will spend $24 billion in job-spurring efforts over the next five years and boost rural spending, Finance Minister Nirmala Sitharaman said on Tuesday in the 2024/25 budget, unveiled

India unveils incentives to create jobs in first budget after election
Economy|Finance

India government cuts gross market borrowings to 14.01 trillion rupees for 2024-25

The Indian government has lowered its planned gross market borrowing by 120 billion rupees ($1.44 billion) for the financial year ending March 2025, Finance

India government cuts gross market borrowings to 14.01 trillion rupees for 2024-25
Economy|Finance|Political|Stock Markets

Cracks in US stock market calm boost allure of portfolio protection

Investors are eyeing portfolio protection from a potentially rough stretch in U.S. stocks as they face political uncertainty, big tech earnings and seasonal weakness.

Cracks in US stock market calm boost allure of portfolio protection

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