(Reuters) -Delta Air Lines expects to have a strong fourth quarter despite flight disruptions caused by the federal government shutdown, the carrier’s CEO Ed Bastian told CNBC on Wednesday. Bastian said that while the disruptions would cost a significant amount to the industry and the economy, they would not “wipe out” Delta’s quarterly profits. His …
Delta sees strong current quarter despite flight disruptions Read More »
By Sheila Dang HOUSTON (Reuters) -Chevron said on Wednesday that it plans to grow free cash flow by more than 10% annually through 2030 and increase oil and gas production, while further reducing costs and capital expenditure. The fresh guidance announced on Chevron’s investor day is the culmination of an effort by the U.S. oil producer to …
Chevron targets 10% annual cash flow growth through 2030, higher cost-cutting Read More »
By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Circle’s third-quarter profit beat Wall Street expectations on Wednesday, driven by higher reserve income amid rising circulation of its flagship stablecoin, but shares fell on concerns over potential competition and valuation. Global adoption of stablecoins — digital tokens backed by low-risk assets such as the U.S. dollar …
Circle quarterly profit beats estimates on stablecoin growth Read More »
(Reuters) -Walt Disney has extended the employment contract of CFO Hugh Johnston by about two years as the media company undertakes a sweeping overhaul of its operations, with a renewed focus on its streaming business. Johnston’s contract, which ends on December 31, 2026, has now been extended through January 31, 2029, according to a company …
Disney extends CFO Johnston’s employment contract Read More »
(Reuters) -Dayforce said that it has received an overwhelmingly positive stockholder vote for a proposed $12.3 billion buyout of the HR software provider by Thoma Bravo, a month after its largest shareholder said it would vote against the deal. The preliminary results of a special meeting held on Wednesday showed that about 88.4% of votes …
Dayforce shareholders back Thoma Bravo’s $12.3 billion take-private deal Read More »
(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Wednesday said he favors leaving interest rates where they are until there is “clear evidence” that inflation is moving back to the U.S. central bank’s 2% target. Bostic, speaking just over two hours after unexpectedly announcing plans to retire at the end of February, said in judging …
Fed’s Bostic favors no change in rates while inflation remains greater risk Read More »
SANTIAGO (Reuters) -At least 173 flights have been canceled and 20,000 passengers affected after pilots for LATAM Airlines went on strike, the company said on Wednesday. The Santiago-based airline said that a solution has been provided to almost all the passengers affected. Due to the strike, which started at midnight after contract talks with the carrier …
Chile’s Latam Airlines cancels 173 flights due to pilot strike Read More »
WASHINGTON (Reuters) -Three former senior enforcement lawyers at the U.S. Consumer Financial Protection Bureau are launching a “strategic enforcement project” to help protect the public from corporate misconduct following President Donald Trump’s clampdown at the agency, a pro-consumer organization announced on Wednesday. Former top CFPB enforcement lawyers Eric Halperin, Cara Petersen and Tara Mikkilineni will …
Former top enforcers at US watchdog join project to bring pro-consumer lawsuits Read More »
By Ann Saphir (Reuters) -The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored access to Fed payment services operational by the fourth quarter of next year, Fed Governor Christopher Waller said on Wednesday. “We’re moving at startup speed on this: we’re not screwing around like federal …
Fed’s Waller: streamlined payment accounts to be operational by 4Q 2026 Read More »
(Reuters) -Alphabet’s Waymo said on Wednesday it will begin offering robotaxi rides that use freeways across San Francisco, Los Angeles, and Phoenix, as it steps up expansion amid competition in the self-driving industry. Waymo, which already operates in parts of the San Francisco Bay Area, is also extending operations to San Jose, including Mineta San …
Waymo launches robotaxi freeway service in San Francisco, LA, Phoenix Read More »
