Today: September 21, 2024
Today: September 21, 2024

Finance

Business|Finance

Campbell Soup expects annual profit below estimates on higher costs

Campbell Soup Co forecast annual profit below Wall Street expectations on Thursday due to higher raw material costs and the impact from its recently sold popcorn

Campbell Soup expects annual profit below estimates on higher costs
Business|Finance|Technology

Best Buy lifts annual profit forecast as cost controls pay off

Best Buy raised its annual profit forecast on Thursday, as tighter controls on costs help the electronics retailer more than offset the impact from steeper discounts and

Best Buy lifts annual profit forecast as cost controls pay off
Business|Economy|Finance

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore

A bid by now defunct BSI Bank Limited to strike out a $394 million claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit,

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore
Business|Finance|Technology

Salesforce gains as software firm bets on AI tools to power growth

Shares of Salesforce gained about 4% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to

Salesforce gains as software firm bets on AI tools to power growth
Business|Finance|Technology

Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizing

Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales due to Americans pulling back on purchases of appliances and consumer-electronics gadgets to focus on essentials

Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizing
Business|Economy|Finance

Dollar General's shares plunge as rising competition fuels forecast cuts

Dollar General's shares slumped 29% to a more-than-six-year low on Thursday after the discount retailer slashed its annual sales and profit

Dollar General's shares plunge as rising competition fuels forecast cuts
Business|Finance|Technology

'Windfall' fees now less likely for lawyers who sued to cut Musk's Tesla pay

The lawyers who sued successfully to void Tesla CEO Elon Musk's $56 billion pay package are seeking a record $6 billion in fees, and the judge who will

'Windfall' fees now less likely for lawyers who sued to cut Musk's Tesla pay
Business|Economy|Finance

Wary of Trump, US minerals projects rush to close government loans

U.S. miners and battery recyclers are rushing to close government loans worth billions of dollars before January out of concern that former President Donald Trump would,

Wary of Trump, US minerals projects rush to close government loans
Business|Finance|Stock Markets|Technology

Nvidia 'beats' as expected, but fallout limited

A look at the day ahead in U.S. and global markets from Mike Dolan After all that, Nvidia beat expectations - which has become "expected" - and the stock retreated about 5%.

Nvidia 'beats' as expected, but fallout limited
Business|Finance|Lifestyle

Birkenstock misses quarterly profit estimates as expansion plan hits margins

Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker's global expansion drive and production ramp-up compressed its margins,

Birkenstock misses quarterly profit estimates as expansion plan hits margins
Business|Finance|Stock Markets

Shares of European spirits makers jump as China drops provisional brandy measures

Shares in French spirits makers Remy Cointreau and Pernod Ricard rallied on Thursday after China's commerce ministry said it will not immediately

Shares of European spirits makers jump as China drops provisional brandy measures
Economy|Finance

Inflation down in six German states, pointing to national decline

Inflation fell in six important German states in August due to lower energy prices, preliminary data showed on Thursday, suggesting Germany's national inflation

Inflation down in six German states, pointing to national decline
Business|Finance|Technology

Huawei sees first-half earnings surge on smartphone renaissance

Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components

Huawei sees first-half earnings surge on smartphone renaissance
Business|Europe|Finance|Technology

Inflation data helps European stocks shake off Nvidia results; Delivery Hero surges

Europe's STOXX 600 rose on Thursday and Germany's DAX closed at a record high, led by tech stocks, after softer inflation data lifted hopes for

Inflation data helps European stocks shake off Nvidia results; Delivery Hero surges
Business|Economy|Finance

Bond markets face a reckoning after stellar summer run

Government bond markets, which have enjoyed a summer of solid price gains, now face a reckoning with their bets for speedy central bank rate cuts and slowing inflation,

Bond markets face a reckoning after stellar summer run
Business|Economy|Finance

Chinese regional banks investment revenues surge even as lending falters

Several Chinese regional banks have reported a jump in their investment income in the first half of the year, even as their primary lending businesses faltered, as the flailing

Chinese regional banks investment revenues surge even as lending falters
Business|Economy|Finance

S.Korea exports seen extending gains, inflation to hit BOK target: Reuters poll

South Korea's exports are expected to have risen for an 11th straight month in August, a Reuters poll showed on Thursday, with economists noting rising momentum in

S.Korea exports seen extending gains, inflation to hit BOK target: Reuters poll
Asia|Economy|Finance

As it reins in wasteful investment, China frets over growth

China's local governments have fallen behind on their debt issuance plans as scrutiny mounts over potentially wasteful infrastructure

As it reins in wasteful investment, China frets over growth
Asia|Business|Finance|Technology

Asian firms' earnings outlook improves as chip sector shines

A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region's semiconductor firms

Asian firms' earnings outlook improves as chip sector shines
Business|Europe|Finance|Stock Markets|Technology

Nvidia watch party over, back to inflation vigil

A look at the day ahead in European and global markets from Stella Qiu It is a sea of red in Asia as AI darling Nvidia failed to meet expectations of investors who were not satisfied with its profits,

Nvidia watch party over, back to inflation vigil
Asia|Business|Economy|Finance|News

South Korea's Yoon says to 'manage' policy loan rates if housing market heats up

South Korean President Yoon Suk Yeol said on Thursday there was a need to "manage" policy loan rates should expectations about lower borrowing costs lead to further price increases in

South Korea's Yoon says to 'manage' policy loan rates if housing market heats up
Business|Finance

ONEOK strengthens Permian presence with midstream deals worth $5.9 billion

Pipeline operator ONEOK said it would buy midstream assets in deals worth $5.9 billion from Global Infrastructure Partners, bolstering its position in the

ONEOK strengthens Permian presence with midstream deals worth $5.9 billion
Business|Finance|News

Australia's CBA chief blasts misinformation, populism targeting corporates

The CEO of Australia's biggest bank on Thursday decried the rise of misinformation and labelled a proposed tax on big company profits meritless, pushing back against

Australia's CBA chief blasts misinformation, populism targeting corporates
Americas|Asia|Business|Finance|Stock Markets|Technology

Stocks ease past Nvidia blues, crude oil rebounds

Global shares edged higher on Thursday, shrugging off investor disappointment at artificial intelligence powerhouse Nvidia's results, while oil prices rebounded

Stocks ease past Nvidia blues, crude oil rebounds
Asia|Economy|Finance

South Korea's Yoon pledges urgent reform of $860 billion public pension fund

South Korean President Yoon Suk Yeol on Thursday pledged urgent reform of the national pension fund, one of the world's largest with $860 billion of

South Korea's Yoon pledges urgent reform of $860 billion public pension fund

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