(Reuters) -Chobani has raised $650 million in its latest funding round, the company said on Thursday, as the yogurt maker looks to fund its plant expansion plans in the United States. Earlier this year, the 20-year-old company said it would invest $1.2 billion in building its third U.S. dairy processing plant in New York and a $500 …
Yogurt maker Chobani raises $650 million in latest funding round Read More »
(Reuters) -CNN is taking another shot at streaming with a $6.99-a-month subscription service that will launch on October 28, three years after its parent Warner Bros Discovery pulled the plug on the costly CNN+ platform within 30 days of debut. The “all access” subscription tier will roll out in the U.S. and offer users live …
CNN’s all-access subscription tier will launch on October 28 at $6.99 per month Read More »
(Reuters) -To safeguard their critically important monetary policy independence, Federal Reserve policymakers must take an “all-or-nothing” approach to talking about the Trump administration’s policies, Fed Governor Stephen Miran said on Thursday, a pointed critique of his fellow policymakers’ concern about the impact of tariffs on the economy. “When central bank officials get up repeatedly and …
Fed policymakers’ focus on tariffs makes central bank seem political: Miran Read More »
(Reuters) -Toronto Dominion Bank on Thursday named industry veterans Brian Callanan as U.S. general counsel and Andre Ramos as U.S. finance head in the Canadian lender’s latest push for a stronger footprint south of the border. The changes, effective December 1, follow TD Bank’s record $3 billion U.S. penalty after it pleaded guilty to conspiracy …
(Corrects central bank growth forecast for next year to 1.6% from 1.8% in paragraph 5) By Karin Strohecker WASHINGTON (Reuters) -The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand’s economic growth, the country’s deputy central bank governor said, adding there was little room …
(Reuters) -Shares of U.S. watchmaker Fossil tumbled 31.5% in morning trading on Thursday, after the company, which has been restructuring its debt, announced plans to extend the deadline to exchange its senior notes due 2026. The company, under pressure from declining sales for years, had announced the exchange of the senior notes for new securities …
Fossil shares tank as struggling watchmaker extends deadline for debt exchange Read More »
(Reuters) -U.S. brokerage firm Charles Schwab beat third-quarter profit expectations on Thursday as client assets hit a new record and trading revenue soared. Shares of the company rose 2.9% in premarket trading. The stock has jumped 27.5% this year as of its last close. Schwab’s results offer an insight into the trends in the investment landscape, …
US broker Schwab clinches record profit on client assets, trading strength Read More »
WASHINGTON (Reuters) -Factory activity in the U.S. mid-Atlantic region unexpectedly contracted in October, and more manufacturers reported paying and receiving higher prices for inputs and their goods, suggesting inflation could still rise further. The Philadelphia Federal Reserve Bank said its business activity index dropped to -12.8 this month from 23.2 in September. A reading below …
US mid-Atlantic manufacturing contracts in October; price measures increase Read More »
WASHINGTON (Reuters) -Consumers continue to spend given low unemployment and wage gains, but are more constrained than during the pandemic years, Richmond Fed president Thomas Barkin said on Thursday. “While consumers are still spending, we are not in 2022 anymore. Consumers are not as flush,” Barkin said in comments to the Aiken Chamber of Commerce …
Fed’s Barkin: Consumers are spending, but not as flush as in pandemic years Read More »
BRASILIA (Reuters) -Brazil’s economic activity increased less than expected in August, central bank data showed on Thursday, as a growing chorus of economists anticipate a sharper slowdown ahead amid tight monetary policy. The IBC-BR index, seen as a proxy for the gross domestic product (GDP) indicator, was up 0.4% in August from the previous month, …
Brazil’s economic activity rises less than expected in August Read More »
