Reuters US Business

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies are set for their biggest year-over-year gain in quarterly earnings since the second quarter of 2022 after a high percentage of S&P 500 companies beat Wall Street expectations. With results in from almost all of the S&P 500 companies, overall third-quarter earnings are estimated to have …

US company earnings set for biggest quarterly gain in over a year Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – A still-jittery bond market is clouding the outlook for a rally in U.S. stocks, analysts tracking measures of market volatility said. Stocks and bonds have been in a tight relationship over the last few months, with the S&P 500 index surging nearly 7% in the last 10 …

Investors wary of lingering Treasury volatility as US stocks rally Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said on Friday she is not ready to say yet whether the central bank is done raising its interest rate target to get inflation back to 2%. The Fed’s monetary policy “is in a very good place” and …

Fed’s Daly: Still too soon to say rate hike cycle is over -CNBC Read More »

By Lananh Nguyen and Paritosh Bansal (Reuters) – The Industrial and Commercial Bank of China’s access to an electronic settlement platform for U.S. Treasury securities remained suspended on Friday in the aftermath of a ransomware attack on China’s largest bank, two sources familiar with the matter said. BNY Mellon, the sole settlement agent for Treasury …

BNY keeps ICBC off Treasury platform, waits for all-clear -sources Read More »

By Tom Polansek CHICAGO (Reuters) – The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation’s cattle herd to its lowest level in decades, tightening margins for meat companies like Tyson Foods. The decline in cattle numbers, after years of drought fried pasture lands used for …

US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods Read More »

By Mike Dolan LONDON (Reuters) – If a re-emerging risk premium in bonds is down to government debt sustainability worries, central banks may need to lobby their Treasuries that it’s undermining their control of credit. U.S. Federal Reserve officials are puzzling over why bond borrowing rates spiked lately even as Fed policy expectations have remained …

Column-Central banks need a word with budget masters: Mike Dolan Read More »

ZURICH (Reuters) -Luxury group Richemont reported weaker than expected earnings on Friday as the owner of Cartier jewellery brand said the rising cost of living, economic headwinds and geopolitical tensions were weighing on customers’ spending. The company, which also owns several high-end Swiss watch brands, such as IWC and Vacheron Constantin, is the latest luxury …

Cartier owner Richemont sees growth easing as economic worries rise Read More »

By Naomi Rovnick and Marc Jones LONDON (Reuters) – After Hamas’ incursion into Israel on Oct. 7 jolted world markets, an oil surge has reversed, global stocks are now broadly flat and bets on a humanitarian crisis spiraling into a wider regional conflict seem to have faded. Israel agreed on Thursday to pause operations in …

Middle East conflict: Have markets really moved on from fear? Read More »

FRANKFURT (Reuters) – Germany’s Allianz on Friday posted a 30% fall in its third-quarter net profit, dragged down by claims from natural catastrophes, although the financial services company maintained its full-year profit outlook. Net profit attributable to shareholders of 2.021 billion euros ($2.16 billion) in the three-month period ended September, compared with 2.866 billion euros …

Allianz retains full-year outlook despite 30% slump in Q3 profit Read More »