Reuters US Business

(Reuters) -Pinterest beat estimates for third-quarter revenue and profit on Monday, as a stabilizing digital advertising market helped draw marketers to the image-sharing platform ahead of the holiday season. Shares of the company rose more than 10% in extended trading. The results fan optimism about a market rebound after major industry players Alphabet, Meta Platforms …

Pinterest beats third-quarter estimates on ad market recovery Read More »

(Reuters) – Goldman Sachs removed its forecast for a U.S. government shutdown this year given new geopolitical risks and the election of a speaker at the House of Representatives, but warned of risks in 2024. The brokerage’s previous base case was for a shutdown for up to 2-3 weeks in the current quarter ended December, …

Goldman Sachs no longer sees U.S. govt shutdown in 2023 Read More »

(Reuters) – Prime Minister Mikhail Mishustin said on Monday that Russia would create a simplified procedure for citizens and companies from “friendly” countries to invest there. Mishustin said entities from a list of 25 countries would be allowed to open bank accounts in Russia and make deposits via a simplified procedure. “Creating more convenient conditions …

Russia to simplify inward investment for ‘friendly’ countries -prime minister Read More »

CANBERRA (Reuters) – Australia has rejected European Union proposals for a free trade agreement, and a deal is now unlikely to be reached for several years, Australian government ministers said on Monday. The largest farm industry group thanked the government for refusing to “throw Aussie farmers under a bus” by signing a deal it said …

Australia, EU say trade deal likely years away after rejecting terms Read More »

By Stella Qiu SYDNEY (Reuters) – Australia’s red-hot rental housing market, supercharged by record migration and a chronic supply shortage, could be reaching a breaking point for affordability as tenants grapple with rising costs of living. Nationwide vacancies are at all-time lows and prices are up 30% over three years, forcing renters like Sydney office …

Australia’s tight rental market forces tenants to make tough choices Read More »

By David Shepardson and Joseph White (Reuters) -The United Auto Workers on Saturday expanded its strike at General Motors to include an engine plant in Spring Hill, Tennessee that GM said supplies nine factories producing several of its best selling and most profitable vehicles. UAW President Shawn Fain said he ordered the walkout at the …

UAW strikes GM engine plant, threatening wider disruption Read More »

By Lewis Krauskopf NEW YORK (Reuters) -Investors are watching for signs that the conflict in the Middle East may be escalate over the weekend, potentially ratcheting up volatility as investors await a Federal Reserve meeting and key U.S. data in the week ahead. Prime Minister Benjamin Netanyahu said on Saturday that Israeli forces had unleashed …

Investors on edge as Middle East conflict intensifies Read More »