Reuters US Business

By Roushni Nair (Reuters) -Australian flag carrier Qantas Airways on Friday cut its first‑half domestic unit revenue outlook and nudged up its fuel bill, citing softer non-resources corporate demand at home and elevated refining margins, pressuring its shares. Shares fell as much as 4% by 1142 GMT to a five-month low of A$9.77, underperforming the …

Qantas eases throttle on domestic outlook, trims first-half domestic revenue forecast Read More »

By Jarrett Renshaw, Ernest Scheyder and Timothy Gardner (Reuters) -The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal, used to make coke fuel for steel production. The Interior Department’s …

Trump expands critical minerals list to copper, met coal, uranium Read More »

By Ernest Scheyder (Reuters) -U.S. rare earths company MP Materials said on Thursday its third-quarter loss widened as it stopped sales to Chinese customers as part of an agreement with the U.S. government, although the results surpassed Wall Street expectations. Shares fell 7.4% to $48.40 in after-hours trading. The results reflect the company’s transition from …

MP Materials quarterly loss widens after halting sales to Chinese customers Read More »

By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed in negative territory on Thursday, with a resumption of Tuesday’s tech selloff as investors contended with mounting economic uncertainty and stretched valuations. All three major U.S. equity indexes lost ground as risk appetite was dampened by worries over inflated stock prices, particularly from artificial intelligence-related momentum …

Wall Street ends lower on tech valuations, economic jitters Read More »

By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO (Reuters) -Brazilian oil firm Petrobras reported on Thursday a slight increase in its third-quarter net profit from a year earlier, alongside a 12.2-billion-real ($2.25 billion) dividend payout. Petrobras posted a net profit of 32.7 billion reais ($6.05 billion) for the July-to-September quarter, a 0.5% increase. In …

Petrobras posts slight profit growth, unveils $2.25 billion in dividends Read More »

By Aishwarya Jain (Reuters) -Vacation rental firm Airbnb forecast upbeat quarterly revenue after posting higher third-quarter results on Thursday, aided by strong bookings in markets such as Latin America and Asia Pacific. The San Francisco-based company has customized its platform for regional audiences, adding payment options and launching local marketing campaigns. Airbnb, whose shares rose 5.5% …

Airbnb see upbeat fourth quarter as revenue gets lift from strong international demand Read More »

(Reuters) -Media conglomerate News Corp beat Wall Street estimates for first-quarter revenue on Thursday, bolstered by growth at its Dow Jones and digital real estate services segments. News Corp, part of media mogul Rupert Murdoch’s empire, has pivoted toward digital and subscription-based revenue models, aiming to enhance its competitiveness and adapt to a fast-changing news …

News Corp beats quarterly revenue estimates on growth in Dow Jones, digital real estate services units Read More »

By Zaheer Kachwala (Reuters) -Take-Two Interactive said on Thursday it expects to launch “Grand Theft Auto VI” on November 19 next year, in the latest delay for the gaming industry’s most-anticipated title following the blockbuster success of its predecessor. Shares of the company, which had previously said it would launch the title on May 26, …

Take-Two delays ‘GTA VI’ for second time to November next year Read More »