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Barcode scanner maker Zebra forecasts upbeat Q4 on resilient demand, lower tariffs

(Reuters) -Zebra Technologies on Tuesday forecast fourth-quarter profit and revenue growth above analysts’ estimates, signaling steady demand for its barcode scanners and mobile computers as businesses accelerate efforts to digitize operations. Shares of the Lincolnshire, Illinois-based company were up more than 2% in premarket trading The upbeat outlook comes as Zebra shakes off the impact …

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Mexico’s Cemex beats estimates in third quarter on higher prices, cost cuts

By Kylie Madry MEXICO CITY (Reuters) -Mexico’s Cemex beat estimates to post a 19% jump in third-quarter core earnings as it boosted prices and benefited from cost-cutting measures. The cement maker said on Tuesday that it had logged $882 million in earnings before interest, taxes, depreciation and amortization (EBITDA) for July-September, comfortably above an LSEG …

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Market liquidity concerns cloud end of Fed’s balance sheet drawdown

By Michael S. Derby (Reuters) -As Wall Street’s expectations have rapidly shifted toward an imminent end to the Federal Reserve’s effort to shrink its bond holdings, some analysts also anticipate a return to balance sheet expansion in relatively short order. A wide range of economists in recent days has called for the Fed to announce …

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Meta, TikTok and Snap say they oppose Australia’s youth social media ban but will comply with it

SYDNEY (Reuters) -Instagram owner Meta and other social media firms said on Tuesday they will comply with a ban on users under the age of 16, adding that they will start deactivating accounts once the law takes effect on December 10. In parliament, Meta, TikTok owner ByteDance and Snapchat owner Snap said they continued to …

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US to continue dominating global investment flows, finance executives say

By Tom Sims and Elizabeth Howcroft (Reuters) -The United States will continue to draw the vast majority of investment flows and the risks of a slowdown in the world’s largest economy are overblown, the heads of major financial firms said at a conference in Saudi Arabia on Tuesday. U.S. stock markets have powered to record …

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Paramount to cut 1,000 jobs in first round of layoffs, source says

(Reuters) -Paramount Skydance will begin a major round of layoffs with about 1,000 job cuts on Wednesday, a source familiar with the matter told Reuters on Monday. The job cuts, which follow the $8.4 billion merger between Skydance Media and Paramount Global, would impact roughly 5% of Paramount’s employees based on its workforce prior to …

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Analysis-Investors anticipate new wave of Argentine reforms after Milei’s midterm victory

By Rodrigo Campos and Libby George NEW YORK/LONDON (Reuters) -After riding a wave of market gains for most of the first two years of Argentine President Javier Milei’s government, investors expect him to turn his party’s redrawing of the electoral map into sweeping labor and tax reforms that could unlock billions of dollars in foreign …

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Investors managing $11.5 trillion urge food companies to diversify away from animal proteins

By Alexander Marrow LONDON (Reuters) -Investors managing $11.5 trillion in assets are calling on major food companies and retailers to diversify into more plant-based protein sources to enhance supply chain resiliency and mitigate food security risks. As global interest rates and prolonged higher temperatures help lift feed costs, and with prices for products such as …

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Australia’s Domino’s Pizza denies report of Bain Capital takeover bid

(Reuters) -Domino’s Pizza Enterprises on Tuesday denied receiving a takeover proposal from Bain Capital after a report said the private equity firm was looking at buying the whole or part of the Australian franchise operator. The Australian Financial Review said a potential deal could be worth up to A$4 billion ($2.60 billion), citing people familiar …

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US flight delays near 7,000 as government shutdown hits Day 27

By David Shepardson WASHINGTON (Reuters) -U.S. air travel turmoil deepened as nearly 7,000 flights were delayed nationwide on Monday, with air traffic controller absences surging as the federal government shutdown reached its 27th day. The Federal Aviation Administration cited staffing shortages and imposed ground delay programs affecting Newark Airport in New Jersey, Austin Airport in …

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