Today: September 29, 2024
Today: September 29, 2024

Latest From Reuters

Business|Economy

Bank of Canada closer to being able to cut rates, Macklem says

The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday.

Bank of Canada closer to being able to cut rates, Macklem says
Business|Economy

Etsy misses first-quarter sales, profit estimates on lower discretionary demand

Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its

Etsy misses first-quarter sales, profit estimates on lower discretionary demand
Business|Economy

FOMC holds rates in place and will slow balance sheet drawdown

The Federal Reserve on Wednesday said it would leave interest rates unchanged and announced plans to slow the speed of its balance sheet drawdown, after having spent much of the earlier

FOMC holds rates in place and will slow balance sheet drawdown
Business|Economy

Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, the Wall

Exxon to bar Pioneer CEO from its board in deal with FTC, WSJ reports
Business|Economy

AIG beats profit estimates on underwriting strength

American International Group exceeded first-quarter profit expectations on Wednesday, driven by growth in its general insurance as well as life and retirement divisions, and lower

AIG beats profit estimates on underwriting strength
Business|Economy

US LNG developer Tellurian sends production workers home amid sale talks

U.S. liquefied natural gas (LNG) developer Tellurian Inc. has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the

US LNG developer Tellurian sends production workers home amid sale talks
Business|Economy

UK house prices fall unexpectedly in April, Nationwide data shows

British house prices fell unexpectedly for a second month running during April, figures from mortgage lender Nationwide showed on Wednesday.

UK house prices fall unexpectedly in April, Nationwide data shows
Business|Economy

Bombardier reveals NetJets as buyer of 12 Challenger business jets

Canada's Bombardier said on Wednesday NetJets was the customer for the order of 12 Challenger 3500 business jets announced in December.

Bombardier reveals NetJets as buyer of 12 Challenger business jets
Business|Economy

Mastercard's profit beats as consumer spending defies inflation worries

Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by consumers despite rising borrowing costs and

Mastercard's profit beats as consumer spending defies inflation worries
Business|Economy

Cruise operator Norwegian's Q1 revenue miss overshadows raised outlook

Shares of Norwegian Cruise Line Holdings fell more than 12% after the operator's downbeat first-quarter revenue overshadowed a raise in annual profit forecast on Wednesday.

Cruise operator Norwegian's Q1 revenue miss overshadows raised outlook
Business|Economy

US construction spending falls in March

U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but activity remains supported by an acute housing

US construction spending falls in March
Business|Economy

Estee Lauder tempers sales view despite US, China recovery

Estee Lauder lowered its annual organic sales estimate on persistent softness in mainland China's prestige beauty space, even as a demand rebound for its pricey

Estee Lauder tempers sales view despite US, China recovery
Business|Economy

Marriott boosts full-year profit view after mixed Q1 results

Hotel operator Marriott International raised its forecast for annual adjusted profit on Wednesday after mixed first-quarter results, banking on

Marriott boosts full-year profit view after mixed Q1 results
Business|Economy

Kraft Heinz misses sales estimates as higher prices deter customers

Kraft Heinz missed Wall Street estimates for first-quarter sales on Wednesday, signaling inflation-weary consumers were pushing back against its higher-priced branded lunch combos, mac and cheese, and

Kraft Heinz misses sales estimates as higher prices deter customers
Business|Economy

DuPont sees China demand returning, raises full-year forecasts

Industrial materials maker DuPont de Nemours said it sees demand returning in China and raised its full-year forecasts on Wednesday, sending shares of the company up 6% in

DuPont sees China demand returning, raises full-year forecasts
Business|Economy

Aircraft lessor DAE set to receive half promised Boeing planes this year

Aircraft lessor Dubai Aerospace Enterprise (DAE) Capital will likely receive around half the number of aircraft from Boeing this year than the planemaker had originally committed to

Aircraft lessor DAE set to receive half promised Boeing planes this year
Business|Economy

US manufacturing sector regresses in April; prices paid near two-year high

U.S. manufacturing contracted in April amid a decline in orders after briefly expanding in the prior month, while a measure of prices paid by factories for inputs approached a

US manufacturing sector regresses in April; prices paid near two-year high
Business|Economy

Flutter shareholders back move to US primary listing

Flutter shareholders backed a proposal to move the primary listing of its shares from London to New York on Wednesday, just three months after the world's largest online betting

Flutter shareholders back move to US primary listing
Business|Economy

Mayday for bonds as 2024 Fed cut hopes dwindle

A look at the day ahead in U.S. and global markets from Mike Dolan May Day for Wall Street comes with the daunting prospect that the multiple interest rate cuts once expected from the Federal Reserve

Mayday for bonds as 2024 Fed cut hopes dwindle
Economy

Saudi Arabia's Q1 GDP shrinks by estimated 1.8% y/y as oil sector weighs

Saudi Arabia's real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government's statistical authority showed on Wednesday, as a

Saudi Arabia's Q1 GDP shrinks by estimated 1.8% y/y as oil sector weighs
Business|Economy

Britain's Next keeps profit guidance after first-quarter sales rise

British clothing retailer Next on Wednesday kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its

Britain's Next keeps profit guidance after first-quarter sales rise
Economy

Fed day focus is on what Jay says

A look at the day ahead in European and global markets from Kevin Buckland The marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates

Fed day focus is on what Jay says
Business|Economy

Macquarie's banking unit to stop new car loans to focus on mortgage growth

Australian financial conglomerate Macquarie Group said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid

Macquarie's banking unit to stop new car loans to focus on mortgage growth
Business|Economy

Baker Hughes beats profit estimates on international demand, raises dividend

Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter profit on higher international drilling demand and increased its dividend.

Baker Hughes beats profit estimates on international demand, raises dividend
Business|Economy

Kering shares slump after luxury company warns of H1 operating profit drop

Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

Kering shares slump after luxury company warns of H1 operating profit drop

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