Reuters US Business

By Aatreyee Dasgupta, Mike Stone (Reuters) -General Dynamics reported a more than 10% rise in third-quarter revenue on Wednesday, driven by strength in its defense unit, but fewer business jet deliveries hurt company profits. Shares of the Reston, Virginia-based company were flat in early trading after reporting quarterly revenue of nearly $11.67 billion, up from …

General Dynamics’ revenue rise on defense, but profits hit by bizjet deliveries Read More »

By Doyinsola Oladipo and Aishwarya Jain (Reuters) -Hilton Worldwide lowered its annual room revenue growth and net income forecasts as steady demand in Europe and business travel were not enough to counter a fall in demand in China and disruptions to its U.S. business during the third quarter. Shares of Hilton, which owns hotel brands …

Hilton cuts 2024 room revenue growth forecast on slowing consumer spending Read More »

By Arasu Kannagi Basil and Laura Matthews (Reuters) -CME Group reported a rise in third-quarter profit on Wednesday, as uncertainty around U.S. monetary policy and geopolitical events sent investors into the derivatives markets to manage risks, bolstering trading volumes for the exchange. Trading volumes at exchanges tend to jump during periods of heightened uncertainty as …

CME Group profit jumps on record rates trading Read More »

By Katie Paul NEW YORK (Reuters) -Meta Platforms’ Oversight Board on Wednesday told the company to keep up a Facebook post superimposing the faces of U.S. Democratic presidential candidate Kamala Harris and her running mate Tim Walz onto a parody “Dumb and Dumber” movie poster showing the characters pinching each other’s nipples through their clothing. …

Facebook should keep up satirical Harris-Walz nipple-pinching post, oversight board says Read More »

By Douglas Gillison (Reuters) – The U.S. Federal Reserve Board received 11 complaints against individuals alleging sexual harassment between 2020 and 2023 and disciplined nine staff members as a result, firing four of them, according to a document the central bank released to Reuters last month. The disclosure, first reported by Reuters, provides rare insight …

US Fed Board disciplined nine staff for sexual harassment in 2020-2023, document shows Read More »

(This Oct. 22 story has been corrected to say that 30-year fixed mortgage rates hit a high of about 7%, not 8%; and to add the period in paragraph 2) (Reuters) – U.S. homebuilder PulteGroup beat Wall Street estimates for third-quarter earnings on Tuesday, as declining fixed mortgage rates lured in skittish buyers to the …

PulteGroup beats profit estimates as lower mortgage rates boost housing demand Read More »