Reuters US Business

(Reuters) -American International Group sailed past Wall Street estimates for third-quarter profit on Monday as the insurer benefited from strong underwriting and higher returns on investments. General insurance net premiums written, on a comparable basis excluding the impact of divestitures, climbed 6% in the quarter to $6.38 billion. AIG’s general insurance accident year combined ratio …

AIG’s profit beats estimates on strong underwriting, investment returns Read More »

By Arsheeya Bajwa (Reuters) -Palantir Technologies on Monday raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from businesses looking to adopt generative AI technology. Shares of the data analytics company rose about 13% in extended trading. Palantir has benefited from a …

Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge Read More »

(Reuters) -New York Times (NYT) added fewer digital subscribers than expected in the third quarter as readers cut back on spending in an uncertain economy, sending the publisher’s shares down 8% even as ad sales jumped. The slower subscriber growth came in the months ahead of the Nov. 5 U.S. presidential election, an event that …

New York Times subscriber growth slows on tight spending, shares fall Read More »

By Arathy Somasekhar (Reuters) -Oil prices climbed nearly 3% on Monday on OPEC+’s decision for a month’s delay in plans to increase output, while investors also focused on the U.S. presidential election. Brent futures were up $1.98, or 2.7%, at $75.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.98, or 2.85%, to $71.47. …

Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus Read More »

By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration said on Monday it has closed a probe into 411,000 Ford SUVs and pickup trucks over a potentially defective engine that could lose power without warning. In July 2022, the U.S. auto safety regulator opened its investigation into Ford Bronco vehicles equipped with 2.7L …

US agency closes probe into 411,000 Ford vehicles due to loss of power Read More »

By Aishwarya Jain and Doyinsola Oladipo (Reuters) -Marriott International cut its annual profit forecast on Monday as weak domestic travel in China overshadowed strong group and international demand, sending its shares down 2% in late morning trading. Hotel operators have signaled weak demand in the world’s second-biggest economy nation during the reported quarter amid efforts …

Marriott trims 2024 profit forecast on sluggish China domestic travel demand Read More »