Reuters US Business

(Reuters) – Electric and gas utility DTE Energy beat Wall Street estimates for third-quarter profit on Thursday, as higher supply rates and warmer weather helped performance of its electricity unit. Shares of the company gained 1% in premarket trading. On an adjusted basis, the Michigan-based company reported operating profit of $2.22 per share for the …

DTE Energy beats quarterly profit estimates, boosted by higher rates Read More »

By Marcela Ayres WASHINGTON (Reuters) – Brazil’s government is considering calculating the country’s potential growth rate in addition to the official GDP to show that there is room for the economy to expand robustly without fueling inflation, according to Planning Minister Simone Tebet. Speaking on the sidelines of the IMF and World Bank annual meetings …

Brazil to calculate potential GDP to balance debate on rates, says minister Read More »

By Fabricio de Castro SAO PAULO (Reuters) – Policymakers at Brazil’s central bank will head into their November interest rate-setting meeting with an additional and unpredictable concern that goes way beyond local inflation figures: the U.S. presidential election. As the prospects of a potential Donald Trump win help weaken Brazil’s real against the U.S. dollar, …

Tight US election clouds scenario for Brazil’s next interest rate decision Read More »

(Reuters) -TKO Group Holdings said on Thursday it would acquire some of Endeavor Group Holdings’ sports assets in a deal valued at $3.25 billion. The deal will include Endeavor’s Professional Bull Riders, On Location and IMG. These are expected to boost TKO’s existing core Ultimate Fighting Championship and World Wrestling Entertainment businesses. (Reporting by Harshita …

TKO Group to acquire some Endeavor sports assets for $3.25 billion Read More »

By Echo Wang NEW YORK (Reuters) – Alternative fund manager KKR & Co reported a 58% jump in adjusted net income for the third quarter of 2024, driven by record fee-related income, as well as earnings from its insurance business. The New York-based firm said on Thursday adjusted net income (ANI) rose to $1.2 billion …

KKR’s quarterly profit soars on record-high fee income Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan Markets caught a break on Thursday as the white heat of the corporate earnings season saw a beat for megacap Tesla that sent its shares surging 12% before the bell while bond yields beat a retreat on soft business surveys overseas. …

Morning Bid: Markets bounce as Tesla surges, yields retreat Read More »

TOKYO (Reuters) – Japanese banks have sufficient capital bases but need to be vigilant against tail risks including developments in global financial markets and geopolitical perils, the Bank of Japan said on Thursday. The capital and funding bases at Japanese banks are sufficient to withstand various stress events equivalent to the global financial crisis, the …

Japanese banks should stay vigilant against market tail risks, BOJ says Read More »