Today: September 27, 2024
Today: September 27, 2024

Latest From Reuters

Business|Economy

Charting the Fed's economic data flow

The U.S. central bank held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the conclusion of its July 30-31 policy meeting, but since then Federal Reserve Chair

Charting the Fed's economic data flow
Business|Economy

Hertz Global eyes worst day on record as EV rental business falters

Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall

Hertz Global eyes worst day on record as EV rental business falters
Business|Economy

Aon profit misses estimates on weakness in US retail brokerage business

Aon first-quarter profit missed estimates on Friday due to underperformance in its U.S. retail brokerage business, sending its shares down nearly 9%.

Aon profit misses estimates on weakness in US retail brokerage business
Business|Economy

Colgate-Palmolive raises sales growth target after strong Q1 results

Toothpaste maker Colgate-Palmolive raised forecast for annual organic sales growth on Friday, banking on resilient demand for its highly priced self-care and pet nutrition products.

Colgate-Palmolive raises sales growth target after strong Q1 results
Business|Economy

Top deals in the global mining sector (April 25)

BHP Group has bid $38.8 billion for smaller rival Anglo American,

Top deals in the global mining sector (April 25)
Business|Economy

Union Pacific beats profit estimates on stronger pricing, resumes share buyback

Railroad operator Union Pacific said it will restart share repurchases in the second quarter as it beat Wall Street estimates for first-quarter results on Thursday, with

Union Pacific beats profit estimates on stronger pricing, resumes share buyback
Business|Economy

Honeywell's first-quarter results beat on aviation strength

Honeywell beat Wall Street estimates for first-quarter results on Thursday as strength in its aviation business offset a slowdown in the company's industrial and building automation units.

Honeywell's first-quarter results beat on aviation strength
Business|Economy

Gold miner Newmont tops profit estimates; asset sale attracts strong interest

Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world's largest gold miner benefited from robust production, higher prices and lower

Gold miner Newmont tops profit estimates; asset sale attracts strong interest
Business|Economy

Amphenol beats Q1 revenue estimates, announces share buyback program

Electronic equipment maker Amphenol beat market expectations for first-quarter revenue on Wednesday and announced a new $2 billion share buyback program, sending the company's shares up as

Amphenol beats Q1 revenue estimates, announces share buyback program
Business|Economy

Thermo Fisher lifts profit forecast as medical equipment demand improves

Thermo Fisher on Wednesday beat Wall Street estimates for quarterly profit and raised its annual profit forecast, betting on improved demand for its products and services used in drug

Thermo Fisher lifts profit forecast as medical equipment demand improves
Business|Economy

JPMorgan CEO Dimon says US economy is booming

JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances.

JPMorgan CEO Dimon says US economy is booming
Business|Economy

Fisker may seek bankruptcy protection in 30 days if unable to meet debt obligations

Fisker may have to file for bankruptcy protection within 30 days if it does not get adequate relief from its creditors and enough liquidity to meet its current debt obligations, it

Fisker may seek bankruptcy protection in 30 days if unable to meet debt obligations
Business|Economy

Miner Freeport-McMoRan beats quarterly profit estimates on strong production

Copper miner Freeport-McMoRan beat Wall Street estimates for first-quarter profit on Tuesday, helped by higher production and easing costs.

Miner Freeport-McMoRan beats quarterly profit estimates on strong production
Business|Economy

MSCI Q1 revenue misses estimates due to subscription cancellations

MSCI's first-quarter revenue fell short of market expectations on Tuesday, hit by subscription cancellations and a contraction in margins due to one-time expenses, sending shares of the

MSCI Q1 revenue misses estimates due to subscription cancellations
Business|Economy

Halliburton beats profit estimates, expects international strength to continue

Oilfield services company Halliburton said on Tuesday it expects growth in its international business this year, but North American revenue will likely remain flat due to

Halliburton beats profit estimates, expects international strength to continue
Business|Economy

Ameriprise Financial's quarterly profit rises on higher fees, AUM

Ameriprise Financial reported a rise in its first-quarter adjusted profit on Monday, helped by higher fees and assets under management (AUM).

Ameriprise Financial's quarterly profit rises on higher fees, AUM
Economy

Fed hawks and doves: what US central bankers are saying

U.S. central bankers have kept their target for short-term borrowing costs in the 5.25%-5.50% range since last July, when they completed their 2022-2023 rate-hike campaign to combat soaring

Fed hawks and doves: what US central bankers are saying
Business|Economy

Coatings maker PPG misses Q1 revenue estimates on lower sales volume

PPG Industries missed first-quarter revenue estimates on Thursday due to sluggish demand in its industrial and performance coating businesses.

Coatings maker PPG misses Q1 revenue estimates on lower sales volume
Economy

G20 to review multilateral development banks reform roadmap in October, says Brazil

Brazil's presidency of the G20 will submit a roadmap for reforming multilateral development banks for approval by member countries at the finance track meetings scheduled for

G20 to review multilateral development banks reform roadmap in October, says Brazil
Economy

Basel Chair urges banks to fully implement capital rules as soon as possible

Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully implement the so-called Basel III international capital rules "as soon as possible" across

Basel Chair urges banks to fully implement capital rules as soon as possible
Economy

IMF, World Bank cite significant progress in debt restructuring cases

The International Monetary Fund, World Bank and current G20 president Brazil said on Wednesday there had been significant progress on global debt issues in recent months, citing

IMF, World Bank cite significant progress in debt restructuring cases
Economy

Futures inch up on megacap support; earnings, Fed comments on tap

U.S. stock index futures rose on Wednesday as most megacap growth stocks gained, while investors awaited earnings and commentary from the central bank's policymakers to gauge how corporate

Futures inch up on megacap support; earnings, Fed comments on tap
Economy

UN trade body warns of further economic slowdown this year

The global economy faces a further slowdown this year, hit by falling investment and subdued trade dynamics, the United Nations trade body warned on Tuesday before spring meetings

UN trade body warns of further economic slowdown this year
Economy

Sterling holds at five month low after wage data

The pound stayed at a five month low versus the dollar on Tuesday, extending declines slightly after data showed British wages excluding bonuses grew by 6.0% in the three months to

Sterling holds at five month low after wage data
Economy

Fed's reverse repo facility shrinks rapidly, lowest in nearly three years

A key Federal Reserve facility that takes in cash from money market funds and others saw inflows drop sharply on Monday.

Fed's reverse repo facility shrinks rapidly, lowest in nearly three years

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