By Abigail Summerville (Reuters) -Wall Street closed higher on Monday ahead of a packed week of earnings from megacap companies and the final stretch before the Nov. 5 presidential election, while sentiment improved after energy supplies were not disrupted by weekend developments in the Middle East. Israel’s response over the weekend to an Iranian missile …
Wall Street closes higher ahead of megacap earnings, election Read More »
SEOUL (Reuters) – A voting board member at South Korea’s central bank said she is not concerned about dollar liquidity conditions in the dollar-won market, Yonhap news agency reported on Tuesday. “It isn’t appropriate to assess the level but as for forex liquidity conditions, I’m not so worried,” Lee Soo-hyung told reporters in Washington DC …
Bank of Korea board member says dollar liquidity not worrying, media reports Read More »
By Jonathan Stempel (Reuters) -Southwest Airlines must face a lawsuit accusing the carrier of illegally intimidating and disciplining pilots who participate in its more than 9,000-member pilots union, a federal appeals court ruled on Monday. In a 3-0 decision, the 5th U.S. Circuit Court of Appeals said the Southwest Airlines Pilots Association sufficiently pleaded that …
Southwest Airlines must face pilots’ union lawsuit over threats Read More »
By Nora Eckert and Nathan Gomes (Reuters) -Ford Motor said on Monday it expects to hit the lower end of its full-year profit guidance, dropping the company’s shares 5% in after-hours trading, as a price war hits the U.S. automaker’s bottom line. Ford expects to earn about $10 billion in earnings before interest and taxes …
Automaker Ford weakens profit outlook amid price war, shares fall Read More »
(Reuters) – Cadence Design Systems raised the midpoint of its annual profit forecast on Monday, betting on the boom in generative AI to drive demand for its software used to design complex chips that power those systems, sending its shares up 6.4% in extended trading. The company, which supplies both software and specialized computer servers …
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers Read More »
(Reuters) – Utility firm NextEra Energy said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects. Utility firms across the United States are ramping up investments in power projects to meet an expected spike in demand, fueled by artificial intelligence data centers. The fund raise would …
NextEra plans to raise $1.5 billion to fund energy projects Read More »
By Timothy Gardner WASHINGTON (Reuters) -The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchase that would leave the government with little money to buy more until lawmakers approve more funds. The solicitation for the oil which …
US seeks up to 3 million barrels of oil for emergency reserve Read More »
(Reuters) – Vans parent VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday, benefiting from sequential improvement in its direct-to-consumer business and leaner inventory, sending its shares up about 16% after the bell. CEO Bracken Darrell’s turnaround strategy including appointment of executives like Sun Choe as global …
Vans-parent VF Corp swings to profit, beats Q2 sales estimates; shares up 16% Read More »
(Reuters) – Walmart said on Monday it would offer its membership service, Walmart Plus, at a 50% discount ahead of the holiday season, as the retailer attempts to close the gap with rival Amazon.com’s Prime subscription service. This year, U.S. retailers like Walmart have launched sales events earlier and added more deals and perks to …
Walmart slashes Walmart Plus subscription price by half ahead of holidays Read More »
By Jonathan Stempel NEW YORK (Reuters) -A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times more meat than it delivers. According to a proposed class action filed on Monday in federal court in Brooklyn, Subway ads for its Steak & Cheese sandwich show layers of meat …
Subway sandwiches are short on meat, lawsuit claims Read More »
