Reuters US Business

(Reuters) – L3Harris Technologies forecast 2025 sales above estimates and posted higher-than-expected fourth-quarter results on Thursday, bolstered by strong demand for weapons due to higher defense spending amid global geopolitical tensions. Demand for arms and military equipment has ballooned as a result of the Russia-Ukraine war and ongoing conflicts in the Middle East, benefiting defense …

L3Harris forecasts upbeat annual sales on strong defense demand Read More »

(Reuters) – U.S. homebuilder PulteGroup beat Wall Street estimates for its fourth-quarter results on Thursday, as strategic promotions helped boost home sales despite high mortgage rates, sending its shares up more than 3% in premarket. The Atlanta, Georgia-based company said it used targeted sales incentives to spur consumers who have been reluctant to buy new …

Homebuilder PulteGroup posts upbeat quarterly results; increases share buyback Read More »

(Reuters) – U.S. budget carrier Southwest Airlines’ fourth-quarter profit surpassed Wall Street estimates on Thursday, helped by robust travel demand and improved airfares. The airline also forecast better-than-expected unit revenue (RASM), a proxy for pricing power, for the first quarter. Airlines across the U.S. have cut seating to boost fares after a surplus capacity, introduced …

Southwest Airlines profit exceeds expectations on improved pricing power Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan With Federal Reserve policy likely paused until midyear and megacaps throwing up a mixed bag of results so far, stock markets stayed calm overnight as attention switches to European interest rates and a fourth-quarter U.S. GDP healthcheck. Quarterly results from Microsoft …

Morning Bid: Megacaps mixed as Fed pauses; ECB cut and GDP up next Read More »

SANTIAGO (Reuters) – Chilean state-owned miner Codelco said on Thursday it would use grinding balls made from recycled material in its flagship El Teniente mine, allowing it to reduce carbon dioxide emissions. WHY IT’S IMPORTANT The move, which involves a five-year contract with Magotteaux Andino, a unit of Chile’s Sigdo Koppers, is part of efforts …

Chilean miner Codelco to use recycled material for ball milling at El Teniente mine Read More »

By Marco Aquino LIMA (Reuters) – Peru’s sol has become Latin America’s most stable currency, shaking off political turmoil in the nation that’s had five presidents in as many years and seen deadly protests. The reason: a growing mountain of dollars the copper-rich Andean country has accumulated on the back of major trade surpluses that …

Peru’s dollar mountain lets sol currency shine among Latam peers Read More »

By Rishav Chatterjee and Kumar Tanishk (Reuters) – Australian discretionary retailers hit a record for the third straight session on Thursday, after cooling inflation data raised hopes of an interest rate cut as early as next month, which could spur spending on non-essential items. The S&P ASX 200 Consumer Discretionary sub-index gained as much as …

Aussie discretionary retailers hit third straight record on rate cut hopes Read More »