Senators demand emergency session over looming 37 percent health benefit hike for NJ public workers
New Jersey Senate Republicans are demanding an emergency legislative session to address a proposed 37% spike in public employee health premiums, warning of widespread consequences for taxpayers, municipalities, and school budgets if…
Hyundai, Kia see strong demand for EVs, despite rivals’ concerns
By Abhirup Roy LOS ANGELES (Reuters) – Hyundai Motor and Kia see strong U.S. demand for electric vehicles (EVs), senior executives at the South Korean automakers told Reuters ahead of the Los…
ArcelorMittal suspends output in Bosnia as steel demand drops
SARAJEVO (Reuters) – ArcelorMittal said on Friday it had temporarily halted output at its Bosnia steel plant and at mines that supply it with iron ore due to a drop in demand…
Applied Materials forecasts upbeat first-quarter revenue on resilient demand
By Samrhitha A (Reuters) -Applied Materials forecast first-quarter revenue above analysts’ estimates on Thursday, but the company’s shares fell more than 7% after the bell following a report that the semiconductor equipment…
Ross Stores lifts annual profit view on cooling freight, robust off-price demand
(Reuters) – Ross Stores raised its annual earnings forecast after topping third-quarter sales and profit expectations on Thursday, helped by robust demand at its discount outlets and easing freight costs, sending its…
Bath & Body Works trims sales forecast as demand slows into holiday season
(Reuters) – Bath & Body Works lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items…
Greece’s National Bank attracts strong demand in 20% stake sale – source
By Lefteris Papadimas ATHENS (Reuters) – Demand for a 20% stake in Greece’s National Bank (NBG) held by the country’s bank bailout fund was covered by more than six times on Tuesday,…
Home Depot, Lowe’s may signal more pain from muted consumer spending, housing demand
By Deborah Mary Sophia (Reuters) – Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe’s as demand remained under pressure from uneven…
International travel demand falls after onset of Israel-Hamas conflict, data shows
By Doyinsola Oladipo NEW YORK (Reuters) – International flight bookings around the world have fallen since the onset of the Israel-Hamas conflict especially in the Americas as people cancel trips to the…
Republicans demand Biden challenge China’s Xi on fentanyl, prisoners
By Michael Martina WASHINGTON (Reuters) – Republicans in the U.S. Congress urged President Joe Biden to make demands of China’s leader Xi Jinping over detained Americans and other issues when they meet…
Strong demand drives surge in Dubai’s Emirates airline H1 profit
DUBAI (Reuters) – Emirates airline, Dubai’s flagship carrier, posted a significant jump in net profit for the first half of financial year 2023-24 on the back of strong demand, the company said…
Beyond Meat struggles to rein in US faux meat demand slide
(Reuters) -Beyond Meat missed market expectations for quarterly revenue and posted a wider-than-expected loss on Wednesday, hurt by relentless weakness in demand for plant-based meat in the United States. The company has…
Take-Two Interactive forecasts downbeat bookings on sluggish demand
(Reuters) – Take-Two Interactive Software on Wednesday forecast third-quarter net bookings below market expectations, hurt by a slowdown in spending on the company’s gaming titles such as “Grand Theft Auto” and “Red…
Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand
(Reuters) – WK Kellogg Co, the recently spun-off North American cereal business of Kellanova, beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher prices. Home…
Oil dives 4% to lowest since July on demand worry, strong dollar
By Shariq Khan BENGALURU (Reuters) -Oil prices fell more than 4% on Tuesday to their lowest since late July, as mixed Chinese economic data and rising OPEC exports eased fears about tight…
Vertex Pharma misses sales estimates on weak demand for older CF treatments
(Reuters) – Vertex Pharmaceuticals missed Wall Street estimates for third-quarter sales on Monday, hurt by weaker-than-expected demand for its older cystic fibrosis (CF) treatments. The drugmaker recorded a 35.4% fall in sales…
Fed report shows US loan officers see tighter credit, weaker demand
By Howard Schneider WASHINGTON (Reuters) – Banks tightened lending standards for U.S. businesses and households in the third quarter, but the pace of change appeared to ease, and demand for loans fell…
Condom maker Church & Dwight lifts sales forecast again on steady demand, higher prices
(Reuters) – Church & Dwight lifted its annual net sales forecast for a third time this year on Friday, boosted by high prices as well as strong demand for its household and…
Novo Nordisk, Lilly see insatiable demand for weight-loss drugs
By Maggie Fick and Bhanvi Satija (Reuters) – Novo Nordisk and Eli Lilly both expect juggernaut sales for their diabetes and weight-loss drugs to extend into coming years – limited only by…
Peloton forecasts weak holiday-quarter revenue as demand slowdown bites
By Kannaki Deka (Reuters) -Exercise equipment maker Peloton Interactive Inc on Thursday forecast revenue below estimates for the all-important holiday quarter and posted a bigger-than-expected quarterly loss, as sticky inflation keeps discretionary…
Pinnacle West profit climbs 22% as summer heat drives electricity demand
(Reuters) – Pinnacle West Capital on Thursday posted a 22% rise in third-quarter profit as the utility got a boost from higher electricity demand due to extreme hot weather. The company recorded…
Palantir projects revenue above estimates on demand for AI platform
By Arsheeya Bajwa and Chavi Mehta (Reuters) -Data analytics firm Palantir Technologies forecast fourth-quarter revenue above market estimates on Thursday, betting on strong demand for its new artificial intelligence platform from clients…
EXCLUSIVE: GOP Texas Reps Demand Biden Admin Explain Reason For Only Restarting Border Wall Construction In Small Area
EXCLUSIVE: GOP Texas Reps Demand Biden Admin Explain Reason For Only Restarting Border Wall Construction In Small Area Jennie Taer on November 1, 2023 Republican Texas representatives are demanding that the Biden…
Mondelez treats investors with third annual forecast hike on firm demand
By Savyata Mishra (Reuters) -Mondelez International hiked its annual sales and profit growth forecasts for the third time this year on Wednesday, betting on consumers to continue snacking on the Oreo maker’s…
Airbnb forecasts fourth-quarter revenue below estimates on demand slowdown
By Priyamvada C and Doyinsola Oladipo (Reuters) -Airbnb forecast fourth-quarter revenue slightly below Wall Street estimates on Wednesday, as tourists scale back on travel due to rising costs, uncertain economic conditions and…
SolarEdge forecasts dour Q4 revenue as demand concerns loom; shares plunge
(Reuters) – SolarEdge Technologies on Wednesday forecast fourth-quarter revenue below Wall Street estimates on weak demand for its solar inverters, sending the company’s shares down 22.3% in extended trade. Growth for solar…
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