(Reuters) -Spirit AeroSystems posted a bigger third-quarter loss on Friday, as the aerospace supplier continues to burn through cash, weighed down by higher costs in its supply chain. The company, which is set to be acquired by its former parent, Boeing, is grappling with rising costs that are eating into margins. The EU approved the …
Spirit AeroSystems posts wider quarterly loss on rising costs Read More »
By Saeed Azhar and Pritam Biswas (Reuters) -Bank of America promoted Denis Manelski and Soofian Zuberi to become presidents and co-heads of global markets and made several other leadership changes in its trading arm, according to an internal memo seen by Reuters on Friday. The second largest U.S. bank looks to build momentum in sales …
Bank of America picks Manelski and Zuberi to run global markets unit, memo shows Read More »
(Reuters) -Polestar said on Friday it was notified by the Nasdaq for not meeting the exchange’s listing rules related to maintaining a minimum bid price of $1, as the Swedish EV firm’s shares fall pressured by intensifying competition. Polestar has rolled out discounts and leasing incentives to boost EV sales, but faces larger rivals such …
Polestar gets Nasdaq notice on potential delisting due to slumping stock Read More »
(Reuters) -Alaska Air Group said on Friday it is partnering with Accenture to conduct an audit of its IT systems, after an outage earlier this week grounded its flights across the U.S. The disruption stemmed from a global outage affecting Microsoft’s Azure platform, which has impacted Alaska Air’s key systems, including its websites. The outage …
Alaska Airlines to audit IT systems after global outage Read More »
By Hannah Lang (Reuters) -Bitcoin on Friday was on track for a monthly loss in October for the first time since 2018, snapping a seven-year streak of gains that had earned the month a lucky reputation among cryptocurrency traders. Bitcoin, the world’s largest cryptocurrency, is set for a nearly 5% decline this month, as the …
Bitcoin breaks October streak with first monthly loss since 2018 Read More »
By Michael S. Derby (Reuters) -Federal Reserve liquidity facilities caught fire on Friday as month-end pressures pushed a key lending tool to a record level of usage. The Fed’s Standing Repo Facility lent a total of $50.35 billion on Friday to eligible financial firms in two separate availabilities, the highest-ever usage since the tool was …
Banks tap Fed Standing Repo Facility in record numbers amid month-end pressures Read More »
(Reuters) -TXSE Group said on Friday Wall Street behemoth J.P. Morgan had made a strategic investment in the company, becoming the latest to join a roster of marquee backers of the Texas Stock Exchange-parent. The total capital raised by TXSE, backed by financial heavyweights BlackRock, Charles Schwab and Citadel Securities, is now more than $250 …
BlackRock-backed TXSE Group adds US banking giant J.P. Morgan as investor Read More »
(Reuters) -Morgan Stanley said on Friday that gold prices had potential to climb to $4,500 per ounce by mid-2026, citing strong physical demand by exchange-traded funds and central banks as the economic outlook remains uncertain. “Recent price action took gold well into ‘overbought’ territory on an RSI (Relative Strength Index) basis, but the recent correction …
Factbox-Morgan Stanley forecasts gold prices to reach $4,500/Oz by mid-2026 Read More »
By Jaspreet Singh (Reuters) -Reddit forecast fourth-quarter revenue above Wall Street estimates on Thursday as its artificial intelligence-powered advertising tools help draw more marketing spending, sending shares of the social media platform up 9% after hours. The company’s AI-optimized ad platform helps advertisers to place targeted ads directly within relevant discussion threads across its interest-based …
Reddit’s holiday-quarter forecast shows AI ad strategy paying off Read More »
By Sheila Dang HOUSTON (Reuters) -Exxon Mobil beat Wall Street estimates for third-quarter earnings on Friday, underpinned by higher oil and gas production in Guyana and the Permian Basin, which offset lower oil prices. Adjusted earnings during the July-to-September quarter were $8.1 billion, or $1.88 per share, beating analysts’ consensus estimate of $1.82 per share, …
Exxon beats Q3 profit estimates on higher Guyana, Permian production Read More »
