Reuters US Business

By Shariq Khan and Gary McWilliams HOUSTON (Reuters) -Exxon Mobil on Friday edged past Wall Street’s third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources. Oil industry earnings have been squeezed this year by slowing demand and weak margins on …

Exxon’s $8.6 billion profit beats as record output offsets weak fuel prices Read More »

By Jonathan Stempel NEW YORK (Reuters) – PepsiCo won the dismissal of New York’s lawsuit accusing the beverage and snack-food company of polluting the environment with single-use plastic packaging, as the judge criticized the state’s attorney general, Letitia James, for bringing the case. Justice Emilio Colaiacovo of the state Supreme Court in Buffalo said on …

PepsiCo beats New York state’s lawsuit over plastics pollution Read More »

By Ann Saphir (Reuters) -Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their confidence that the labor market is cooling but not crashing likely intact despite new data showing U.S. employers added fewer workers in October than in any …

Fed seen on track for 25-basis-point rate cuts next week and in December  Read More »

By Shivansh Tiwary and Allison Lampert (Reuters) -Air Canada on Friday raised its annual core profit forecast and announced share buybacks, as the country’s largest carrier benefits from strong demand for international travel, sending its shares up over 10% in morning Toronto trading. Major North American carriers with international operations are cashing in on booming …

Air Canada raises core profit forecast on robust international demand Read More »

By Ankika Biswas, Pranav Kashyap (Reuters) -Just days ahead of the Nov. 5 presidential election in the U.S., investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump. Harris’ lead over the Republican has dwindled …

Stocks to watch as White House race enters final stretch Read More »

By Pritam Biswas and Laura Matthews (Reuters) -Cboe Global Markets reported better than expected third-quarter profit on Friday, helped by strong options trading as investors actively hedged against geopolitical and economic uncertainties. A robust equities market, shifts in the U.S. Federal Reserve’s key policy rates and the potential economic fallout from the Middle East conflict …

Cboe beats third-quarter profit estimates on strong hedging activity Read More »

(Reuters) -U.S. job growth slowed sharply in October amid disruptions from hurricanes and strikes by aerospace factory workers, but the unemployment rate held steady at 4.1%, offering assurance that the labor market remained on solid footing ahead of Tuesday’s election. Nonfarm payrolls increased by 12,000 jobs last month after surging by a downwardly revised 223,000 …

Weak US Oct payrolls growth skewed by storms, strikes Read More »