Dec 4 (Reuters) – Jack Daniel’s maker Brown-Forman on Thursday beat Wall Street estimates for quarterly sales and maintained its annual forecasts as the company banks on demand for its whiskeys in emerging markets to offset softness in the U.S. Steady growth in its travel retail channel as well as in key emerging markets such …
Whiskey maker Brown-Forman tops Q2 sales estimates, sticks to annual targets Read More »
Dec 4 (Reuters) – Wall Street’s main indexes opened slightly higher on Thursday as investors parsed a fresh batch of labor market data to gauge the odds of a much-anticipated Federal Reserve interest rate cut when it meets next week. The Dow Jones Industrial Average rose 5.3 points, or 0.01%, at the open to 47,888.16. …
Wall St opens higher as investors mull Fed rate cuts Read More »
By Greg Bensinger LAS VEGAS, Dec 4 (Reuters) – Amazon.com on Wednesday touted new capabilities for its SageMaker AI service that it says will help customers expedite customizing their artificial intelligence software models. For Peter Nikoloff, a different type of sage-making took precedence. He was sure to be first in line Wednesday morning at the …
Eau de AI: Amazon gives techies a whiff of software-driven perfume Read More »
By Howard Schneider WASHINGTON, Dec 4 (Reuters) – The U.S. unemployment rate was unchanged around 4.4% in November, the Chicago Federal Reserve estimated on Thursday, while closely watched data from a private provider added to the evidence that the U.S. labor market is slowly weakening. With official unemployment reports from the Bureau of Labor Statistics …
By Sarupya Ganguly BENGALURU, Dec 4 (Reuters) – The U.S. Federal Reserve will reduce its key interest rate by a quarter-percentage point at the December 9-10 policy meeting to support a cooling labour market, according to a majority of over 100 economists surveyed by Reuters. That strong consensus broadly mirrored a November poll and the …
Economists double down on December Fed cut despite policymaker divide: Reuters Poll Read More »
Dec 4 (Reuters) – Theater chain AMC Entertainment said on Thursday that chief executive officer Adam Aron will continue in his role after suffering a minor stroke last month. Aron, 71, had a stroke on November 17 in London, the company said, adding that he has been working full time following his release from the …
AMC says Aron to continue as theater chain’s CEO after minor stroke Read More »
Dec 4 (Reuters) – Skippy peanut butter maker Hormel Foods forecast annual profit above estimates on Thursday, betting that its cost-cutting plan, higher prices and sustained demand for turkey will overcome high input costs of beef and pork. The company’s shares were up about 5% in premarket trading. Hormel has raised prices for some products, …
Hormel Foods forecasts annual profit above estimates on higher prices Read More »
WASHINGTON, Dec 4 (Reuters) – Layoffs announced by U.S. employers fell sharply in November, but hiring intentions continued to lag as businesses navigated an uncertain economic environment against the backdrop of tariffs on imports and slowing demand. Global outplacement firm Challenger, Gray & Christmas said on Thursday planned job cuts declined 53% to 71,321 last …
US planned job cuts fall 53% in November, Challenger says Read More »
By Aditya Soni Dec 4 (Reuters) – Flex, an artificial intelligence startup that aims to be a one-stop shop for the financial needs of mid-sized business owners, said on Thursday it has raised $60 million in a Portage Ventures-led funding round. The Series B round valued the firm at around $500 million, according to a …
AI startup Flex raises $60 million to offer finance tools for mid-sized businesses Read More »
LONDON, Dec 4 (Reuters) – By Marc Jones, global markets correspondent What matters in US and global markets today It appears the U.S. economy is experiencing some pain and the dollar is among the assets that have fallen most as it heads for its 10th straight day of declines and its biggest annual drop since 2007. …
