TORONTO (Reuters) -Canadian Prime Minister Mark Carney on Friday said his country is prepared to pick up trade negotiations with the United States when Washington is ready, adding that Canada cannot control trade policy with its neighbor to the south. U.S. President Donald Trump on Thursday night said trade talks with Canada were over after …
Canada ready to pick up trade negotiations with US, Carney says Read More »
By Aatreyee Dasgupta (Reuters) -General Dynamics on Friday beat Wall Street estimates for third-quarter profit and revenue, driven by strong business jet deliveries as affluent customers continued to spend on high-end air travel. Shares of the Gulfstream jet maker rose more than 4% in early trading hours. Recently, American Express, Delta Air Lines and Hilton …
General Dynamics beats results estimates on strong business jet deliveries Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. business activity picked up in October, but a deterioration in the economic outlook blamed on the Trump administration’s protectionist trade policy limited job gains and companies were sitting on piles of unsold goods amid a slump in exports. S&P Global’s flash U.S. Composite PMI Output Index, which tracks the …
US business activity regains speed in October; sentiment deteriorates Read More »
(Reuters) -A union representing over 3,200 striking workers at Boeing said on Thursday that its members will vote on October 26 on an existing contract offer from the company with minor modifications. The International Association of Machinists and Aerospace Workers represents members who assemble fighter jets and munitions at Boeing’s plants in the St. Louis …
Boeing union sets October 26 vote on contract offer for 3,200 striking workers Read More »
(Reuters) -The Federal Reserve will likely deliver quarter-point interest rate cuts at each of its next three meetings, traders bet on Friday after a U.S. government report showed consumer inflation rose a little less than expected last month. The Consumer Price Index climbed 3.0% in the 12 months through September, the Labor Department’s Bureau of Labor …
Fed seen headed for more rate cuts as inflation undershoots expectations Read More »
(Reuters) -More than 75 million Americans receiving Social Security and Supplemental Security Income benefits will see their monthly payments rise 2.8% in 2026, accelerating from the prior year’s increase for the first time in three years. The Social Security Administration announced the annual cost-of-living adjustment to benefits on Friday, less than an hour after the …
US retirees to receive 2.8% Social Security increase in 2026 Read More »
(Reuters) -Shares of Deckers Outdoor fell 14.5% on Friday after the footwear maker’s downbeat annual sales forecast, as economic uncertainty and tariff costs dent demand for its shoes in the U.S. The maker of Hoka sneakers and UGG boots is feeling the pinch of President Donald Trump’s tariffs, which have weighed on discretionary spending among …
Hoka-parent Deckers sinks on tariff woes, economic uncertainty Read More »
By Leah Douglas WASHINGTON (Reuters) -More than 200 Democrats in the U.S. House of Representatives told the Agriculture Department on Friday it should draw on its emergency reserves to fund November food benefits, which are compromised by the ongoing federal shutdown. States warned this week that tens of millions of Americans could see a gap …
US House Democrats push USDA to fund food benefits as shutdown continues Read More »
(Reuters) -Beyond Meat said on Friday it expects about $70 million in third-quarter revenue, above analysts’ estimates, as the faux meat maker’s heavily shorted stock rose about 10% in premarket trading, extending its recent sharp rally. Shares of the company have risen roughly 500% in the last week, fueling a fresh wave of buying among …
Beyond Meat expects to post quarterly revenue above estimates amid short squeeze frenzy Read More »
(Reuters) -Global equity funds attracted the largest weekly inflow in three weeks in the week through October 22 as signs of easing trade tensions between the United States and China, and strong earnings from some top U.S. companies, boosted risk sentiment. Investors acquired a net $11.03 billion worth of global equity funds during the week, …
Global equity fund inflows surge as US-China trade tensions ease Read More »
