By Doyinsola Oladipo NEW YORK (Reuters) -The federal government shutdown is hamstringing the U.S. travel industry, and its effects are worsening as the stalemate in Congress continues. Travelers are starting to cancel trips and avoid airports until U.S. lawmakers find a way to reopen the government, which may not happen for several more days or …
(Reuters) -Intel on Thursday unveiled key details of its upcoming Panther Lake laptop processor, the first chip built on its next-generation 18A production process, aiming to convince investors its costly turnaround plan can restore its manufacturing edge. The rollout of Panther Lake, aimed at high-end, artificial intelligence-enabled laptops, is a major test of Intel’s ability …
Intel outlines details of first PC chip made on its new manufacturing tech Read More »
By Nupur Anand NEW YORK (Reuters) -The six largest U.S. banks are expected to report stronger third-quarter earnings next week, catapulted by a rebound in investment banking. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and Wells Fargo are forecast to benefit from resurgent dealmaking, while a resilient economy keeps borrowers in good …
US banks to reap bigger profits as deals rebound in third quarter Read More »
By Promit Mukherjee and David Ljunggren OTTAWA, Oct 9 (Reuters) – The Bank of Canada on Thursday warned against imposing more regulations on the financial sector, instead urging measures to encourage competition and innovation that it said could help offset U.S. tariffs. “As the world heads into a period of greater economic nationalism and more …
Bank of Canada warns against over-regulation of financial sector Read More »
(Adds dropped word ‘shares’ from paragraph 4) (Reuters) -Luxury sports-car maker Ferrari on Thursday raised its annual guidance and said it expected to reach revenue of around 9 billion euros ($10.5 billion) in 2030. The company forecast net revenue of at least 7.1 billion euros for 2025, up from a previous goal of more than …
Ferrari lifts annual guidance, sets 2030 revenue target at 9 billion euros Read More »
By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World stocks and gold paused their latest steep rally on Thursday as a series of warnings about excessive stock valuations and overly loose policy settings reverberated through global markets. International Monetary Fund boss Kristalina Georgieva …
Morning Bid: Stocks pause as bubble warnings mount Read More »
By Dan Catchpole (Reuters) -The number of commercial pilots using GE Aerospace’s flight data monitoring app, FlightPulse, has expanded rapidly from 40,000 a year ago to more than 60,000, and the company expects to exceed 70,000 by year-end. The app, the only one of its kind used commercially, allows pilots to evaluate their performances across …
GE Aerospace’s flight data app rapidly expands user base Read More »
By Jessica DiNapoli NEW YORK (Reuters) -Ice cream brand Ben & Jerry’s is set to switch corporate owners next month, but for Ben Cohen, the counterculture brand’s co-founder, it is a case of meet the new boss, same as the old boss. As of November, Ben & Jerry’s will be owned by Magnum Ice Cream …
Ben & Jerry’s co-founder expects corporate conflict to continue under new ownership Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -U.S. imports of containerized goods in September fell 8.4% from the year earlier, including a 22.9% drop in goods from China, amid ongoing trade ructions from President Donald Trump’s tariff policies, data released on Thursday showed. U.S. seaports handled 2.31 million 20-foot equivalent units (TEUs) of container cargo last …
US container imports drop in September as Trump tariffs disrupt global trade Read More »
(Reuters) -JPMorgan Chase CEO Jamie Dimon warned of a heightened risk of a significant correction in the U.S. stock market within the next six months to two years, the BBC reported. “I am far more worried about that than others,” Dimon said, adding there were a “lot of things out there” creating an atmosphere of …
JPMorgan CEO Dimon warns of US stock market correction risk, BBC reports Read More »
