By Andre Romani and Marta Nogueira RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian miner Vale reported on Tuesday its highest quarterly iron ore production since 2018, and said it is on track to reach the upper band of its 2025 production target for its three main businesses. Vale, one of the world’s largest iron ore miners, …
Vale sees 2025 iron ore output at top range after strongest quarter since 2018 Read More »
By Jasmeen Ara Islam Shaikh (Reuters) -Air New Zealand on Wednesday warned it would report a first-half loss after soft local economic conditions dented expectations for a revenue pickup in domestic and U.S.-bound bookings and engine leasing costs increased. The airline said it no longer expected the 2% to 3% revenue lift it had forecast …
Air New Zealand warns of first-half loss as weak bookings and rising costs bite Read More »
By Leah Douglas WASHINGTON (Reuters) -The administration of President Donald Trump is planning to distribute billions in aid for farmers and reopen some activities of the U.S. Department of Agriculture amid the ongoing federal shutdown, the agency said on Tuesday. The administration was expected in early October to announce an aid package to bail out …
Trump administration plans to distribute farmer aid amid shutdown Read More »
(Reuters) -AI startup Anthropic is in talks with Google to secure additional computing power valued in the high tens of billions of dollars, Bloomberg News reported on Tuesday, citing people familiar with the matter. The deal, which has not been finalized yet, includes Alphabet’s Google providing cloud computing services to Anthropic, according to the report. …
Anthropic, Google in talks on cloud deal worth tens of billions, Bloomberg News reports Read More »
(Reuters) -Mattel missed Wall Street estimates for third-quarter revenue and profit on Tuesday, as retailers worried about an uncertain economic outlook delayed orders for “Barbie” and other toys, sending its shares down about 7% in extended trading. The company’s CEO, Ynon Kreiz, said that its U.S. business faced challenges in the quarter due to industry-wide …
Barbie-maker Mattel misses quarterly estimates on North America weakness, shares slump Read More »
By Pritam Biswas (Reuters) -Western Alliance Bancorp reported a rise in third-quarter profit on Tuesday, as a rise in interest income and higher lending fees helped offset an increase in rainy day funds, sending its shares up 3.6% in extended trading. Western’s stock was hammered last week after the bank said that it had initiated …
Western Alliance profit rises on higher interest income, loan-loss fears eased Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks closed mixed with the Dow out front on Tuesday, as a string of solid earnings lured investors to industrials and capital goods. The S&P 500 was essentially unchanged at the closing bell, while weakness in growth and microchip stocks pulled the tech-laden Nasdaq to a nominally lower …
By Arsheeya Bajwa (Reuters) -Texas Instruments forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday, stoking fears of a long road ahead for a full recovery in the analog chip market due to murky tariff rules for the semiconductor industry. Shares of the chipmaker fell over 8% in extended trading. The stock is …
TI gives dour quarterly forecast as tariffs prolong analog chip recovery Read More »
By Jaspreet Singh and Aditya Soni (Reuters) -Meta has struck a $27 billion financing deal with Blue Owl Capital to fund its biggest data center project globally, as large technology companies race to build out the infrastructure needed to power their artificial intelligence ambitions. Tuesday’s announcement marks Meta’s largest-ever private capital deal. Under it, Meta …
Meta in $27 billion financing deal with Blue Owl Capital for Louisiana data center Read More »
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) -Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells Fargo CEO Charlie Scharf said on Tuesday. “We don’t see cracks … in the banking system,” Scharf told the Economic Club of New York, calling credit …
Wells Fargo CEO says credit is strong, sees no cracks in banking system Read More »
