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

Latest From Reuters

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
Business|Economy

US navy shipbuilder Huntington Ingalls beats second-quarter estimates

Huntington Ingalls on Thursday reported better-than-expected second-quarter results, as heightened global tensions drove up demand for aircraft carriers, amphibious assault ships and

US navy shipbuilder Huntington Ingalls beats second-quarter estimates
Economy|Europe

ECB's Stournaras raises risk of too low inflation, Platow reports

A weak euro zone economy may drag inflation below the European Central Bank's 2% target, ECB policymaker Yannis Stournaras said in an interview published on Thursday, reaffirming

ECB's Stournaras raises risk of too low inflation, Platow reports
Business|Economy|News

Maersk hikes outlook again on Red Sea crisis, but cautious on Q4

Shipping group Maersk raised its full-year earnings and market demand forecasts on Thursday, partly due to disruptions to Red Sea trading routes, but also said

Maersk hikes outlook again on Red Sea crisis, but cautious on Q4
Business|Economy|Finance

Kimco Realty lifts annual FFO forecast on robust leasing demand

Real estate investment trust Kimco Realty topped market expectations for second-quarter revenue and lifted forecast for annual funds from operations on Thursday, helped by steady leasing

Business|Economy|Finance

Ametek cuts 2024 profit forecast on slowing demand

Industrial technology solutions provider Ametek cut its annual profit forecast on Thursday, as high borrowing costs and sticky inflation force its customers to delay project expenses.

Europe|News|Political|World

Kremlin says Russia will shoot down Ukraine's F-16 fighter jets

The Kremlin said on Thursday that Russian forces would shoot down U.S.-built F-16 fighter jets sent to Ukraine, and that the F-16s would have no significant impact on the course of

Business|Economy|Europe

Ferrari lifts forecasts on pricier models and personal touches

Pricier models such as the Daytona SP3 and growing demand from buyers for personal touches helped Ferrari beat second-quarter results forecasts on Thursday and

Ferrari lifts forecasts on pricier models and personal touches
Business|Economy|Finance

Hershey trims annual forecasts as higher prices dent demand

Hershey cut its annual profit and sales forecasts on Thursday and posted a near 17% drop in quarterly sales, highlighting cautious consumer spending for its candy and chocolates. WHY IS IT IMPORTANT?

Hershey trims annual forecasts as higher prices dent demand
Economy|Finance

Bank of England cuts rates from 16-year high

The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently

Bank of England cuts rates from 16-year high
Business|Economy|Finance|Stock Markets

NYSE-parent ICE beats profit views, helped by boost in energy trading

Intercontinental Exchange on Thursday reported a quarterly profit rise of 9% that topped analyst estimates, helped by robust trading in energy markets.

NYSE-parent ICE beats profit views, helped by boost in energy trading
Business|Finance|Health

Labcorp beats Q2 profit and revenue estimates on demand for health tests

Labcorp beat Wall Street expectations for second-quarter profit and revenue on Thursday on strong demand for its diagnostic tests, and raised its sales growth forecast for the year.

Labcorp beats Q2 profit and revenue estimates on demand for health tests
Business|Economy|Finance

Ball Corp's second-quarter profit beats as cost savings pay off

Ball Corp reported a second-quarter profit on Thursday that beat analysts' estimates as the beer can maker benefited from cost-reduction plans and lower input costs.

Ball Corp's second-quarter profit beats as cost savings pay off
Europe|News|Political

Italy's plan to open migrant camps in Albania faces more delays

A controversial plan in Italy to set up detention camps in Albania for migrants picked up at sea has again been delayed, with a source close to the matter saying on Thursday it was a

Italy's plan to open migrant camps in Albania faces more delays
Business|Economy|Finance|Stock Markets

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024

U.S. oil and gas producer ConocoPhillips' second-quarter profit beat Wall Street estimates on Thursday, benefiting from higher output and commodity prices.

ConocoPhillips beats Q2 profit, reaffirms shareholder return for 2024
Business|Finance|Technology

Thomson Reuters raises sales forecast as earnings top estimates

Thomson Reuters reported second-quarter earnings that topped Wall Street expectations on Thursday as revenue rose 6% and it continued to aggressively deploy artificial

Thomson Reuters raises sales forecast as earnings top estimates
Business|Finance|Technology

Mobileye slashes annual forecasts on uncertain demand; shares fall

Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered

Mobileye slashes annual forecasts on uncertain demand; shares fall
Business|Economy|Finance

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers

Spirit Airlines on Thursday warned of a steeper loss in the current quarter, citing an "intense competitive battle" for the price-sensitive leisure

Spirit forecasts steeper loss on 'intense competitive battle' for leisure travelers
Business|Economy|Finance

Canada Goose bucks luxury slowdown in China, tops quarterly estimates

Canada Goose beat Wall Street estimates for quarterly revenue on Thursday, benefiting from steady consumer demand in China for its puffer jackets and sweats, bucking

Canada Goose bucks luxury slowdown in China, tops quarterly estimates
Business|Finance|Health

Biogen lifts profit forecast, signals progress in turnaround effort

Biogen lifted its full-year profit forecast on Thursday due to cost cuts and better-than-expected sales of its various treatments, even as the U.S. adoption

Biogen lifts profit forecast, signals progress in turnaround effort
Europe|News|World

Woman, daughter killed by Russian shelling on Ukraine's Nikopol, official says

A mother and her daughter were killed by Russian shelling that hit the town of Nikopol in Ukraine's eastern Dnipropetrovsk region, its governor said on Thursday.

Business|Economy|Technology

Mobileye slashes annual forecasts on sluggish demand; shares tank

Mobileye Global cut its annual revenue and profit forecasts on Thursday, slammed by volatile demand for its driver-assistance chips in China, even as it recovered

Mobileye slashes annual forecasts on sluggish demand; shares tank
Africa|Economy|News|Political

At least 3 killed in Nigeria at protests over high cost of living

At least three protesters were killed in Nigeria's Kaduna state on Thursday, Reuters reporters and eyewitnesses said, as demonstrators rallied

At least 3 killed in Nigeria at protests over high cost of living
Business|Economy|Finance

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes

HF Sinclair reported a quarterly profit on Thursday that beat analysts' estimates as it processed higher volumes of crude oil and on strength at its lubricants and midstream units, all of

Refiner HF Sinclair beats quarterly profit estimates on higher processing volumes
Business|Finance|Stock Markets

Carvana shares surge on robust 2024 core profit forecast

Shares of Carvana surged nearly 15% a day after the used car retailer forecast annual core profit above Wall Street estimates, as more car buyers consider shopping online.

Carvana shares surge on robust 2024 core profit forecast

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