By Fergal Smith (Reuters) -Canada’s main stock index fell to a two-week low on Thursday, led by declines for industrial and metal mining shares, as recent disappointing earnings from some economically sensitive companies weighed on the market. The Toronto Stock Exchange’s S&P/TSX composite index ended down 31.54 points, or 0.1%, at 22,608.03, its lowest closing …
TSX hits 2-week low as industrials, gold mining shares fall Read More »
(Reuters) – Brokerage firm Charles Schwab has appointed Michael Verdeschi as its chief financial officer, effective Oct. 1, according to a filing with the U.S. securities regulator on Thursday. Verdeschi, who joined the company in May as the CFO, replaces Peter Crawford who is set to retire after a two-decade stint with the firm. (Reporting …
By Kenrick Cai Alphabet’s Google unveiled a pair of artificial intelligence systems on Thursday that demonstrated advances in solving complex mathematical problems, a key frontier of generative AI development. The current class of AI models, which work by statistically predicting the next word, have struggled with abstract math, which requires greater reasoning capabilities resembling human …
Google AI systems make headway with math in progress toward reasoning Read More »
By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -Southwest Airlines announced sweeping changes on Thursday, including plans to end open seating that has been the hallmark of its brand for decades as it faces investor pressure to improve results and shore up its share price. Earnings have been under pressure in recent quarters, partly because …
Southwest Airlines’ open seating to end as it looks to lift earnings Read More »
RIO DE JANEIRO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Thursday that G20 finance leaders were poised to endorse a joint declaration on international tax cooperation addressing issues such as the taxation of super-rich individuals. “I like to see the declaration not as the end of a journey, but as a starting point,” …
Brazil cheers G20 statement on tax cooperation citing taxation of the super-rich Read More »
(Reuters) -A Paramount Global investor has sued to block its merger with Skydance Media, saying the deal would cost its shareholders $1.65 billion, according to a lawsuit filed in Delaware’s Chancery Court on Wednesday. David Ellison’s Skydance Media bagged a deal to acquire Paramount early in July, ending months of discussion and speculation about the …
Paramount, Skydance merger faces court challenge by shareholder Read More »
By Gokul Pisharody (Reuters) -Shares of Ford Motors sank over 12% in early premarket trading on Thursday after the automaker missed second-quarter profit estimates, as it struggles with quality-related costs and stiff competition in its EV business. The Detroit automaker earned an adjusted profit of 47 cents per share, well below analysts’ expectations of 68 …
Ford plummets as higher costs, EV unit take a toll on profit growth Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) – Among the big U.S. carriers, Delta Air Lines has assiduously built a reputation as a premium airline, touting its punctual and reliable operations relative to peers. But over the last several days, its brand image has been dented. Following a global cyber outage, the Atlanta-based airline has been …
Delta’s flight disruptions hit its premium brand image Read More »
LONDON (Reuters) – Cryptocurrency ether dropped as much as 7% on Thursday as it got caught up in the broad market sell-off and failed to get a lift from this week’s launch of the first U.S. exchange traded funds tracking the currency. The world’s second largest cryptocurrency was last down 6% at $3,170 in what …
Ether set for biggest daily fall in three months, no US ETF bounce Read More »
By Pushkala Aripaka and Maggie Fick (Reuters) -Anglo-Swedish drugmaker AstraZeneca raised its full year sales and profit forecast on Thursday after beating analyst expectations for second-quarter revenue on strong demand for its cancer, rare disease and heart disease medicines. Sales in AstraZeneca’s top business, oncology, grew 19% at constant currency rates to $5.33 billion and …
AstraZeneca raises profit outlook on strong medicines demand Read More »
