Today: November 18, 2024
Today: November 18, 2024

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Business|Finance|News

Starbucks beats quarterly sales estimates as US demand holds strong

Starbucks beat Wall Street expectations for quarterly comparable sales on Thursday, as steady demand for its pricey coffees and cold drinks in North America offset a feeble recovery in

Starbucks beats quarterly sales estimates as US demand holds strong
Business|Finance|Technology

PayPal discloses SEC subpoena tied to stablecoin

Payments firm PayPal Holdings said on Thursday it had received a subpoena from the Securities and Exchange Commission (SEC) tied to its U.S. dollar stablecoin.

PayPal discloses SEC subpoena tied to stablecoin
Business|Finance|Stock Markets

Barrick Gold beats Q3 profit estimates on higher production, lower costs

Barrick Gold Corp beat analysts' expectations for third-quarter profit on Thursday, as the Canadian gold miner benefited from lower costs and increased production.

Barrick Gold beats Q3 profit estimates on higher production, lower costs
Economy|Europe|News|Political|World

Kremlin says it expects more sanctions, but they will hurt the West too

The Kremlin said on Thursday that it expected the West to impose ever tougher sanctions on it over the war in Ukraine, but that there was a growing sense that such penalties hurt

Kremlin says it expects more sanctions, but they will hurt the West too
Business|News|Travel|US

Marriott's profit rises on strong travel demand

Marriott International reported a rise in quarterly profit on Thursday, as the U.S. hotel operator benefited from resilient travel demand.

Marriott's profit rises on strong travel demand
Business|Finance|News|US

US theme-park operators Cedar Fair, Six Flags to merge

U.S. amusement park operators Cedar Fair and Six Flags Entertainment on Thursday agreed to merge to fortify their business amid a slowdown in consumer spending.

US theme-park operators Cedar Fair, Six Flags to merge
Business|Finance|Stock Markets|Technology

Qualcomm rallies on signs smartphone market slump is easing

Qualcomm rose nearly 6% on Thursday as its strong first-quarter forecasts signaled that the two-year-long slump in the smartphone market was easing, led by a recovery in China.

Qualcomm rallies on signs smartphone market slump is easing
Business|Finance|Stock Markets|Technology

Shopify posts quarterly revenue in line with estimates

Canada's Shopify posted third-quarter revenue in line with Wall Street estimates on Thursday, as its artificial intelligence products drew more merchants to its platform amid resilient

Shopify posts quarterly revenue in line with estimates
Business|Finance|Stock Markets|Technology|US

Roku soars as improving ad revenue fuels upbeat forecast

Shares of Roku jumped nearly 20% on Thursday as the streaming device maker delivered a surprise core profit in the third quarter and forecast quarterly revenue above Wall Street estimates

Roku soars as improving ad revenue fuels upbeat forecast
Business|Finance|News

Fox Corp tops quarterly revenue estimates on growth in television segment

Fox Corp beat first-quarter revenue estimates on Thursday, as it benefited from growth in its television segment that includes its news network.

Fox Corp tops quarterly revenue estimates on growth in television segment
Business|Finance|US

Duke Energy beats profit estimates on higher margins

Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and so-called rider charges which are added to

Duke Energy beats profit estimates on higher margins
Business|Economy|Finance|Stock Markets

American Electric Power beats profit estimates on higher rates

American Electric Power on Thursday beat profit estimates for the third quarter, as the utility benefited from higher electricity rates and customer additions.

American Electric Power beats profit estimates on higher rates
Business|Economy|Finance|News

Beyond Meat cuts annual revenue forecast, reviewing China operations

Beyond Meat on Thursday cut its annual revenue forecast and said it was reviewing its operations in China.

Beyond Meat cuts annual revenue forecast, reviewing China operations
Business|Finance|Stock Markets|Technology|US

Electric truck maker Nikola reports wider loss in third quarter

Nikola posted a wider loss in the third quarter on Thursday, after the electric truck maker suspended sales and recalled its battery-electric heavy duty trucks.

Electric truck maker Nikola reports wider loss in third quarter
Business|Finance|Stock Markets|US

Exelon Q3 revenue beats estimates on Illinois unit strength

Exelon Corp reported third-quarter revenue that beat Wall Street expectations on Thursday, boosted by strong results in its units that serve customers in Illinois and Pennsylvania.

Exelon Q3 revenue beats estimates on Illinois unit strength
Business|Finance|US

Ford reports lower US vehicle sales in October

Ford reported a 5.3% drop in total U.S. vehicle sales in October against the backdrop of the recent United Auto Workers (UAW) union strike at some of its facilities.

Ford reports lower US vehicle sales in October
Business|Economy|News|US

US productivity rises at fastest pace in three years in the third quarter

U.S. worker productivity grew at its quickest pace in three years in the third quarter, depressing labor costs.

US productivity rises at fastest pace in three years in the third quarter
Business|Economy|Finance|US

Target seeing customers pulling back even on groceries - CEO tells CNBC

Target is seeing shoppers trim spending even on groceries as household budgets are stretched due to higher prices and borrowing costs, the U.S. big-box retailer's CEO Brian Cornell said in

Target seeing customers pulling back even on groceries - CEO tells CNBC
Business|News|Travel

No slots for new entrants at Amsterdam airport, including JetBlue -ACNL

Airlines without historic rights at Amsterdam's Schiphol airport, including newcomer JetBlue, will not be allocated slots for summer 2024, slot coordinator ACNL said on Thursday.

No slots for new entrants at Amsterdam airport, including JetBlue -ACNL
Europe|News|World

Russia says Ukrainian drones launched an attack near Zaporizhzhia nuclear power plant

Russia on Thursday said Ukraine was risking a nuclear disaster after nine Ukrainian drones were shot down by Russian forces near the Zaporizhzhia nuclear station, Europe's largest

Russia says Ukrainian drones launched an attack near Zaporizhzhia nuclear power plant
Business|Finance|US

Pinnacle West profit climbs 22% as summer heat drives electricity demand

Pinnacle West Capital on Thursday posted a 22% rise in third-quarter profit as the utility got a boost from higher electricity demand due to extreme hot weather.

Pinnacle West profit climbs 22% as summer heat drives electricity demand
Business|Economy|Finance

After aggressive rate hikes, big central banks take time out

After almost two years of aggressive monetary tightening, the world's biggest central banks are taking time out before weighing up their next move.

After aggressive rate hikes, big central banks take time out
Europe|News|US|World

Bosnian Serb government revives websites shut down over U.S. sanctions

The official websites of Bosnia’s separatist Serb Republic (RS) government have been reactivated after being shut down as part of U.S. sanctions imposed against its top officials,

Bosnian Serb government revives websites shut down over U.S. sanctions
News|US

Yellen: U.S. committed to boosting trade, investment with Indo-Pacific

U.S.

Yellen: U.S. committed to boosting trade, investment with Indo-Pacific
Business|Finance|Health|US

Novo Nordisk: 80% of U.S. Wegovy patients with insurance paying less than $25/month

The majority of U.S. patients with health insurance coverage taking Novo Nordisk's powerful weight-loss drug Wegovy are paying less than $25 per month, a senior executive

Novo Nordisk: 80% of U.S. Wegovy patients with insurance paying less than $25/month

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