Reuters US Business

By Tanay Dhumal (Reuters) -Halliburton said on Tuesday it expected international oilfield revenue to rise in the fourth quarter as overall drilling activity remained steady, while projecting $400 million in annual savings from its cost-cutting measures. Shares of the company, the third-largest global oilfield services company by revenue, jumped 9%, aided by a partnership with …

Halliburton upbeat on international demand; cost cuts to save $400 million annually Read More »

By Rajesh Kumar Singh and Shivansh Tiwary (Reuters) -GE Aerospace raised its earnings forecast for this year on Tuesday, and said a stabilization in air traffic has brightened the company’s outlook for next year. The aerospace giant also reported a material improvement in jet engine deliveries and lifted the estimate for LEAP engine deliveries this …

GE Aerospace boosts earnings forecast as air traffic stabilizes Read More »

By Sriparna Roy and Sneha S K (Reuters) -Elevance Health said on Tuesday it expects elevated medical costs in its Medicaid business to persist into the next year and possibly subside only in 2027. The comments on the Medicaid business overshadowed the initial enthusiasm around the company’s third-quarter profit beat, sending its shares down as …

Elevance flags higher costs in Medicaid business in 2026, shares retreat Read More »

By Ateev Bhandari (Reuters) -Nasdaq beat Wall Street expectations for third-quarter profit on Tuesday as persistent volatility boosted trading volumes, with its top executive signaling sustained momentum in the IPO market despite a gridlock in Washington. U.S. exchanges have benefited as investors actively shuffled their portfolios to navigate uncertainty fueled by the Trump administration’s changing …

Nasdaq CEO sees robust IPO market amid shutdown; profit tops on higher trading Read More »

By Aishwarya Jain (Reuters) -Industrial conglomerate 3M on Tuesday raised annual profit forecast for the second time this year, bolstered by a shift toward higher-margin products and tighter cost controls, sending its shares up nearly 4%. The Scotch-tape and Post-it maker expects 2025 operating margin to grow 1.8 to 2 percentage points, compared with its …

3M raises annual profit forecast amid margin expansion drive Read More »

By Greg Bensinger, Shubham Kalia and Deborah Mary Sophia SAN FRANCISCO (Reuters) -Amazon.com cloud service returned to normal operations on Monday afternoon, the company said, after an internet outage that caused global turmoil among thousands of sites, including some of the web’s most popular apps like Snapchat and Reddit. Still, Amazon said some AWS services had …

Amazon says AWS cloud service back to normal after outage disrupts businesses worldwide Read More »

By Aatreyee Dasgupta (Reuters) -Homebuilder Pultegroup on Tuesday posted a 16% fall in third-quarter profit as buyer incentives squeezed margins, and warned that tariffs could add roughly $1,500 per home to build costs starting in 2026. Shares of the Atlanta-based homebuilder fell 5% in early trading hours. Headwinds from persistent inflation and resulting affordability pressures …

Pultegroup posts lower Q3 profit, warns tariffs to lift build costs in 2026 Read More »

By Indradip Ghosh BENGALURU (Reuters) -The Federal Reserve will lower its key interest rate by 25 basis points next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year.  A month ago, economists had expected just one more …

US Fed to trim rates twice more this year; 2026 rate path very unclear Read More »