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

Latest From Reuters

Business|Economy|Finance

Allstate reports second quarter profit on stronger premiums, investment income

Allstate Corp reported a second quarter profit on Wednesday, driven by higher premiums, better returns from investments, and lower catastrophe losses.

Business|Crime|Economy|News

Boeing 737 MAX crash families say planemaker should face much higher fine

Families for some of the 346 people killed in two fatal Boeing 737 MAX crashes said on Wednesday a U.S. judge should reject the planemaker's proposed plea

Boeing 737 MAX crash families say planemaker should face much higher fine
Business|Economy|Finance

Casino Operator MGM beats second-quarter estimates on recovery in Macau business

MGM Resorts International beat Wall Street's second-quarter estimates on Wednesday, thanks to a strong recovery in Macau following the easing of pandemic-related restrictions last year.

Casino Operator MGM beats second-quarter estimates on recovery in Macau business
Business|Finance

AIG reports smaller-than-expected rise in profit

American International Group reported a smaller-than-expected rise in second-quarter profit on Wednesday, hurt by lower underwriting income in its general insurance unit tied to

AIG reports smaller-than-expected rise in profit
Business|Economy|Finance

Logistics firm C.H. Robinson beats profit estimates on tight cost control

C.H.

Business|Technology

Cognizant raises full year revenue forecast, beats Q2 results estimates

Cognizant Technology Solutions raised its annual revenue forecast and and beat second-quarter results estimates on Wednesday, aided by businesses turning to the IT services provider to

Cognizant raises full year revenue forecast, beats Q2 results estimates
Business|Economy|Finance

Corteva trims 2024 forecasts on pricing pressure in crop protection

Corteva cut its annual sales and operating earnings forecasts on Wednesday as the U.S. agrichemicals maker faces declining prices at its crop protection unit, sending its shares down 5.7%

Corteva trims 2024 forecasts on pricing pressure in crop protection
MidEast|Political

Thousands march in Istanbul to protest the killing of Hamas leader Haniyeh

Thousands of pro-Palestinian protesters marched through the streets of central Istanbul late on Wednesday to protest the killing of Hamas leader Ismail Haniyeh.

Thousands march in Istanbul to protest the killing of Hamas leader Haniyeh
Business|Economy|Finance

Carvana forecasts 2024 core profit above Wall Street expectations

Carvana forecast annual core profit above analysts' expectations on Wednesday, driven by strong demand for its used vehicles and improved inventory management, which helped the used-car

Carvana forecasts 2024 core profit above Wall Street expectations
Business|Economy|Finance

EBay beats quarterly results estimates on steady demand for refurbished goods

EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories.

EBay beats quarterly results estimates on steady demand for refurbished goods
Business|Finance|Stock Markets|Technology

Facebook parent Meta sees strong global ad sales while keeping AI costs in check

Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signaling that robust

Facebook parent Meta sees strong global ad sales while keeping AI costs in check
Business|Technology

Chipmaker Qualcomm forecasts upbeat revenue, warns of trade-curb impact

Chipmaker Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more

Chipmaker Qualcomm forecasts upbeat revenue, warns of trade-curb impact
Americas|Asia|Business|Economy|News|Political|Technology

US lawmakers seek to block Chinese firms from solar manufacturing subsidy

A bipartisan group of U.S. lawmakers on Wednesday introduced a bill that would block Chinese solar panel makers from claiming subsidies for their American factories.

US lawmakers seek to block Chinese firms from solar manufacturing subsidy
Economy

Kenya's inflation falls to 4.3% yr/yr in July

Kenya's inflation fell to 4.3% year-on-year in July from 4.6% a month earlier, the statistics office said on Wednesday. On a monthly basis, inflation was -0.2% from 0.4% in June.

Kenya's inflation falls to 4.3% yr/yr in July
Business|Entertainment

Walt Disney to cut jobs in television unit, Bloomberg News reports

Walt Disney plans to eliminate some jobs in its TV unit to cut costs in an eroding business, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Walt Disney to cut jobs in television unit, Bloomberg News reports
Africa|Europe|News|Political

Moroccan king invites Macron for state visit after W.Sahara position

King Mohammed VI invited French President Emmanuel Macron for an official visit, after Paris announced a position in support of Morocco's sovereignty over the disputed territory of

Moroccan king invites Macron for state visit after W.Sahara position
Economy|News|Technology

Trump says he is against everyone having an electric car

Republican presidential candidate Donald Trump said on Wednesday that he was against everyone having an electric car despite the endorsement of billionaire Elon Musk, the CEO of

Trump says he is against everyone having an electric car
MidEast|News|Travel

US carriers Delta and United to suspend flights to Tel Aviv

U.S. legacy carriers United Airlines and Delta Air said on Wednesday they will suspend their flights to Tel Aviv, Israel due to security concerns.

US carriers Delta and United to suspend flights to Tel Aviv
Economy|Finance|Stock Markets

Billionaire Ackman pulls IPO of Pershing Square USA days before debut

Billionaire investor Bill Ackman scrapped the launch of Pershing Square USA on Wednesday, days before the fund was slated to begin trading on the New York Stock

Billionaire Ackman pulls IPO of Pershing Square USA days before debut
Economy|Finance

Fed's Powell: Recent price data bolstering confidence inflation moderating

Federal Reserve Chair Jerome Powell said recent inflation data is increasing the central bank's confidence that inflation pressures are moving back to the 2% target.

Fed's Powell: Recent price data bolstering confidence inflation moderating
Economy|Finance

Instant view: FOMC does not change rates, but sets stage for September cut

The Federal Reserve held interest rates steady on Wednesday but opened the door to reducing borrowing costs as soon as its next meeting in September as inflation continues coming into line

Instant view: FOMC does not change rates, but sets stage for September cut
Election|Political

United Auto Workers union endorses Harris' bid for US president

The United Auto Workers union endorsed Vice President Kamala Harris for U.S. president on Wednesday, providing a likely boost for

United Auto Workers union endorses Harris' bid for US president
Economy|Finance

Traders boost bets Fed goes big on Sept rate cut

Traders on Wednesday added to bets the Federal Reserve will start easing in September and go big when it does, even after Fed Chair Jerome Powell said policymakers are not thinking about a

Traders boost bets Fed goes big on Sept rate cut
Americas|Asia|Technology

US mulls new curbs on China's access to AI memory chips, Bloomberg News says

The U.S. is considering unilateral restrictions on China's access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors

US mulls new curbs on China's access to AI memory chips, Bloomberg News says
Economy|News|Technology

US says 51 million air bag inflators pose safety risks despite automaker objections

A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks

US says 51 million air bag inflators pose safety risks despite automaker objections

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