Today: September 24, 2024
Today: September 24, 2024

Latest From Reuters

Business|Finance|Stock Markets|Technology

Tech giants faced major market cap drop in July on earnings worries

Global mega tech companies' market capitalisation dropped sharply in July, in response to disappointing quarterly results and concerns over high valuations, prompting investors to shift

Tech giants faced major market cap drop in July on earnings worries
Africa|Food|Health|News

How bad is the hunger crisis in Sudan and what does famine mean?

A global food monitor concluded on Thursday that war in Sudan had caused famine at a camp for displaced people in North Darfur, and similar conditions may exist elsewhere in the region.

How bad is the hunger crisis in Sudan and what does famine mean?
Uncategorized

Major Russian and Soviet prisoner exchanges

An extensive east-west prisoner swap, involving 26 people, took place in Ankara on Thursday, the Turkish presidency said.

Major Russian and Soviet prisoner exchanges
Business|Economy

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake

Occidental Petroleum said on Thursday that Colombia's Ecopetrol will not buy a stake in shale oil producer CrownRock after the U.S. company said last month they were in talks for a

Occidental Petroleum says Colombia's Ecopetrol will not buy CrownRock stake
Africa|News

Cafe blast kills 16 in Nigeria's Borno state

Sixteen people were killed on Wednesday when a bomb blew up a village cafe in Nigeria's Borno state, hotbed of the Boko Haram militant insurgency, police said.

Economy|News

US construction spending extends decline in June

U.S. construction spending unexpectedly fell in June and the prior month's data was revised lower as higher mortgage rates weighed on single-family homebuilding.

US construction spending extends decline in June
Americas|Election|Political

Venezuela's Maduro asks for phone call with Lula, says source

Venezuelan President Nicolas Maduro has requested a phone call with his Brazilian counterpart Luiz Inacio Lula da Silva amid tensions over a contested election, a Brazilian source

Venezuela's Maduro asks for phone call with Lula, says source
Business|Economy|News

US manufacturing gauge drops to eight-month low

A measure of U.S. manufacturing activity dropped to an eight-month low in July amid a slump in new orders, but that likely exaggerates the industry's struggles as production at

US manufacturing gauge drops to eight-month low
Business|Finance

3M appoints Otis executive Maheshwari as its new CFO

Industrial giant 3M Co on Thursday appointed elevator maker Otis Worldwide executive Anurag Maheshwari as its chief financial officer, succeeding Monish Patolawala, who was in the role for

3M appoints Otis executive Maheshwari as its new CFO
Business|Economy|Food

Shake Shack shares up after better-than-expected Q2 sales

Shake Shack shares jumped around 16% after topping market expectations for second-quarter same-store sales, as demand for its burgers and chicken sandwiches stayed robust even as

Shake Shack shares up after better-than-expected Q2 sales
Business|Finance|Technology

AI chipmaker Cerebras confidentially files for US IPO

Artificial intelligence chipmaker Cerebras Systems has confidentially filed for an initial public offering in the United States as it prepares to challenge industry heavyweight Nvidia.

AI chipmaker Cerebras confidentially files for US IPO
Europe

Russian government plane lands in Turkish capital amid signs of major prisoner exchange

A Russian government plane landed in the Turkish capital Ankara on Thursday, a Reuters witness said, shortly after the Turkish National Intelligence Agency (MIT) said it was

Business|Economy|Finance|Stock Markets

Cummins raises full-year outlook as demand picks up steam

U.S. truck engine maker Cummins Inc on Thursday beat second-quarter estimates and forecast improved revenue margins boosted by demand in the power generation market, sending its shares up

Cummins raises full-year outlook as demand picks up steam
Europe|News|Political

Turkey says it coordinating an extensive prisoner swap on Thursday

The Turkish National Intelligence Agency (MIT) said it would coordinate an extensive prisoner swap on Thursday, amid signs of a major prisoner exchange between Russia and Belarus on

Crime|Europe

Stephen Lawrence's body to return to UK three decades after racist murder

The body of Stephen Lawrence, a Black teenager killed in an unprovoked racist attack in London three decades ago, will be returned to Britain from Jamaica where he was originally

Stephen Lawrence's body to return to UK three decades after racist murder
Africa|Business|Economy

Ethiopian local authorities crack down on price hikes after currency float

At least two Ethiopian local governments have ordered the closure of dozens of businesses found hiking prices of basic commodities after the central bank floated the national

Ethiopian local authorities crack down on price hikes after currency float
Business|Finance|Food

Kellanova raises 2024 forecasts on stable snacks demand in North America

Kellanova raised its annual organic sales and profit forecasts on Thursday as consumers opted for its breakfast cereals and ready-to-eat snacks such as Pringles despite higher prices.

Kellanova raises 2024 forecasts on stable snacks demand in North America
Business|Economy|Europe

EU seeking feedback on draft antitrust guidelines on exclusionary abuses

The European Commission said on Thursday it had launched a public consultation inviting all interested parties to comment on draft guidelines on exclusionary abuses of dominance,

EU seeking feedback on draft antitrust guidelines on exclusionary abuses
Business|Economy|Stock Markets

WW Grainger cuts 2024 sales forecast on slow demand

Industrial maintenance and safety products supplier WW Grainger Inc on Thursday lowered its annual sales forecast due to slower-than-expected demand, sending its shares down 4% in

Economy|News

US weekly jobless claims highest in nearly a year amid summer volatility

The number of Americans filing new applications for unemployment benefits increased to an 11-month high last week, suggesting some softening in the labor

US weekly jobless claims highest in nearly a year amid summer volatility
Economy|News

US worker productivity accelerates in second quarter; labor costs tame

U.S. worker productivity growth accelerated in the second quarter, keeping the increase in labor costs in check, and further brightening the inflation outlook.

US worker productivity accelerates in second quarter; labor costs tame
Business|Finance|Health

Regeneron beats quarterly results on strong demand for eczema, eye treatments

Drugmaker Regeneron Pharmaceuticals exceeded estimates for second-quarter revenue and profit on Thursday, driven by strong demand for its top-selling eczema and eye drugs.

Regeneron beats quarterly results on strong demand for eczema, eye treatments
Business|Entertainment|Sports|Technology

Fox, Disney, Warner Bros Discovery's sports-streaming JV priced at $42.99/month

Venu Sports, the streaming service formed by Walt Disney, Fox and Warner Bros Discovery, will be priced at $42.99 per month with a seven-day free trial, it said on Thursday.

Fox, Disney, Warner Bros Discovery's sports-streaming JV priced at $42.99/month
Business|Economy

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports

Elliott Management has proposed board expansion and governance improvement at coffee chain Starbucks as part of a settlement that would allow CEO Laxman Narasimhan to keep his position,

Elliott offers Starbucks settlement to allow CEO to keep top job, CNBC reports
Business|Economy|Finance

Dominion Energy posts fall in second-quarter profit on higher expenses

Dominion Energy posted a fall in second-quarter profit on Thursday, as higher interest and maintenance costs weighed on the electric utility.

Dominion Energy posts fall in second-quarter profit on higher expenses

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