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

Finance

Business|Economy|Finance

Food supplier Sysco beats quarterly profit estimates on easing costs

Packaged and fresh food supplier Sysco beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by easing cost pressures, even as it missed sales expectations.

Food supplier Sysco beats quarterly profit estimates on easing costs
Business|Economy|Finance

S&P Global raises annual profit forecast on demand for analytics products

Financial information company S&P Global raised its full-year profit forecast on Tuesday and reported second-quarter adjusted earnings that rose 30% on the back of strong demand for its

S&P Global raises annual profit forecast on demand for analytics products
Economy|Finance

Ackman's Pershing Square fund sets $2 billion target for US IPO

Hedge fund manager Bill Ackman said on Tuesday that is his new portfolio in the United States will raise roughly $2 billion in capital, a fraction

Ackman's Pershing Square fund sets $2 billion target for US IPO
Business|Economy|Finance

Buffett cuts Bank of America stake, sales top $3 billion

Warren Buffett's Berkshire Hathaway sold more Bank of America shares, boosting sales to more than $3 billion this month, taking profits after a big run-up in the second-

Buffett cuts Bank of America stake, sales top $3 billion
Business|Economy|Finance

JetBlue posts surprise profit, delays aircraft deliveries

JetBlue Airways on Tuesday posted a surprise second-quarter profit and deferred deliveries of 44 Airbus 321neo aircraft to 2030 and beyond as part

JetBlue posts surprise profit, delays aircraft deliveries
Business|Economy|Finance

PayPal lifts 2024 profit forecast for second time; branded checkout growth outperforms

PayPal on Tuesday raised its forecast for full-year adjusted profit for the second time after its branded checkout business outperformed and eased competition worries,

PayPal lifts 2024 profit forecast for second time; branded checkout growth outperforms
Economy|Finance

Pakistan's finance ministry forecasts July inflation of 12% to 13%

Pakistan's finance ministry expects inflation in July to range between 12% and 13%, easing further in August to stand between 11.0% and

Pakistan's finance ministry forecasts July inflation of 12% to 13%
Economy|Finance

Bond investors see 'dovish hold' from Fed, pile on yield curve steepeners

Bond investors, expecting the Federal Reserve to hold interest rates steady this week but signal that rate cuts are imminent, are betting that the U.S.

Bond investors see 'dovish hold' from Fed, pile on yield curve steepeners
Business|Economy|Finance

P&G posts surprise sales drop as demand slows despite price restraint

Procter & Gamble posted a surprise drop in fourth-quarter sales, as the company's efforts to reel in years of steep price hikes failed to win

P&G posts surprise sales drop as demand slows despite price restraint
Business|Economy|Finance

Alaska Airlines, Hawaiian Airlines extend review period of deal amid antitrust scrutiny

Alaska Air Group has agreed to extend the review period for the proposed $1.9 billion acquisition of rival Hawaiian Airlines amid antitrust scrutiny from the U.S.

Alaska Airlines, Hawaiian Airlines extend review period of deal amid antitrust scrutiny
Business|Finance|Health

Pfizer lifts profit forecast as investors await turnaround

Pfizer raised its annual profit forecast on Tuesday, helped by cancer treatments acquired through a $43 billion deal for Seagen and strong sales of its

Pfizer lifts profit forecast as investors await turnaround
Business|Finance|Health

Concern over Merck's Gardasil sales in China sink shares

Merck & Co said on Tuesday that shipments of its Gardasil vaccine in the important China market declined in the second quarter, sparking investor concerns,

Concern over Merck's Gardasil sales in China sink shares
Economy|Finance

Ethiopia's IMF deal paves way for debt restructuring, official says

Ethiopia's new $3.4 billion financing deal with the International Monetary Fund paves the way for completion of its long-delayed debt restructuring in the

Ethiopia's IMF deal paves way for debt restructuring, official says
Business|Economy|Finance

Leidos lifts 2024 profit target as global conflicts fuel weapons demand

Defense contractor Leidos raised its annual profit forecast on Tuesday, banking on strong worldwide weapons demand and increased defense spending amid growing geopolitical tensions.

Leidos lifts 2024 profit target as global conflicts fuel weapons demand
Economy|Finance

S&P 500, Nasdaq stumble on caution ahead of tech earnings

The S&P 500 and Nasdaq closed lower on Tuesday, weighed down by weak chip and megacap shares ahead of earnings from heavyweight tech companies this week, but

S&P 500, Nasdaq stumble on caution ahead of tech earnings
Economy|Finance|Stock Markets|Technology

Microsoft and job openings to hit pre-Fed vigil

A look at the day ahead in U.S. and global markets from Mike Dolan To the extent that worries about pricey tech stocks and rising AI capex spending were partly behind last week's market shakeout,

Microsoft and job openings to hit pre-Fed vigil
Business|Election|Finance|Technology

Meta Q2 ad sales expected to rise; focus on AI roadmap, costs

Meta Platforms is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors

Meta Q2 ad sales expected to rise; focus on AI roadmap, costs
Economy|Finance

Ethiopia's IMF deal paves way for debt restructuring, official says

Ethiopia's new $3.4 billion financing deal with the International Monetary Fund paves the way for completion of its long-delayed debt restructuring in the

Ethiopia's IMF deal paves way for debt restructuring, official says
Asia|Economy|Finance|Stock Markets

China securities regulator promotes law enforcement chief to vice chair

China's securities regulator on Tuesday promoted its head of law enforcement to the role of vice chairman, underscoring Beijing's determination to tighten

China securities regulator promotes law enforcement chief to vice chair
Economy|Europe|Finance|Technology

Europe's STOXX 600 gains as earnings flourish; focus on Fed decision

European shares closed higher on Tuesday, boosted by earnings-driven gains across several pockets of the market, with focus squarely on the Federal

Europe's STOXX 600 gains as earnings flourish; focus on Fed decision
Business|Finance|Health

Dialysis firm FMC cuts outlook for US treatment volumes, shares fall

World's largest dialysis specialist Fresenius Medical Care cut the outlook for volumes in its key U.S. market on Tuesday after revenue from treatments there fell in the second quarter,

Dialysis firm FMC cuts outlook for US treatment volumes, shares fall
Asia|Economy|Finance

Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate

Asian stocks are mostly higher following a decision by the Bank of Japan to raise its benchmark interest rate

Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate
Asia|Business|Finance

Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management

Nomura Holdings, Japan's largest brokerage and investment bank, reported a 195% jump in first-quarter profit on Tuesday as the rally in global markets and return of

Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management
Business|Economy|Europe|Finance

Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources say

Switzerland's financial supervisor has been scrutinising how UBS vets risky wealthy clients that it wants to transfer from Credit Suisse,

Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources say
Business|Economy|Finance

Australian corporate profits' decline to accelerate this year, says UBS

Australian companies will likely post a steeper drop in profit this year than they did last year, as they struggle to match the 'abnormally high' earnings since the COVID-19 pandemic, UBS

Australian corporate profits' decline to accelerate this year, says UBS

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