(Reuters) – U.S. consumer sentiment rose unexpectedly in March to the highest in nearly three years thanks in part to growing confidence that inflation will keep softening. The University of …
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Biden’s Budget Estimates Debt Would Increase At Least $14.8 Trillion In A Two-Term Presidency Terence P. Jeffrey on March 11, 2024 President Joe Biden released a budget proposal today that …
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(Reuters) -Lucid Group forecast annual vehicle production far below analysts’ estimates on Wednesday, on signs that demand for its luxury electric vehicles will slow down as high interest rates pinch …
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(Reuters) -Medical equipment maker Thermo Fisher Scientific forecast annual profit and revenue below Wall Street estimates on Wednesday, signaling that a slump in demand for its services used to make …
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(Reuters) – Sysco missed Wall Street expectations for its second-quarter sales on Tuesday, as demand for custom meat cuts and high-quality seafood petered out in the face of still-high inflation. …
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(Reuters) – A. O. Smith beat fourth-quarter profit estimates on Tuesday, helped by strong demand for its water heaters in North America. The Milwaukee, Wisconsin-based company also benefited from a …
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(Reuters) – PulteGroup missed Wall Street estimates for fourth-quarter revenue on Tuesday, as it sold fewer homes at lower prices to offset a hit to demand from higher mortgage rates. …
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(Reuters) – Franklin Resources reported higher-than-expected profit for the first quarter on Monday, thanks to strength in its equity and fixed-income products. Shares of the investment manager, better known as …
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(Reuters) – Norfolk Southern reported fourth-quarter profit below analysts’ estimates on Friday, hurt by lower revenue across the U.S. railroad operator’s merchandise, intermodal and coal businesses, sending its shares down …
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(Reuters) -Chipmaking tools manufacturer KLA Corp forecast third-quarter revenue below Wall Street estimates on Thursday, signaling sluggish demand in the electronics segment. Shares of the California-based company fell more than …
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(Reuters) – American Airlines Group forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel. The company expects full-year adjusted …
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By Michal Aleksandrowicz (Reuters) -European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand and a further …
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(Reuters) – TE Connectivity Ltd on Wednesday provided an upbeat forecast for second-quarter profit after reporting a better-than-expected quarterly profit, helped by component demand from electric vehicle makers. Shares of …
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(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well …
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(Reuters) – PACCAR Inc beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models. Shares of the U.S. truck maker were up …
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(Reuters) – PPG Industries beat Wall Street estimates for fourth-quarter profit on Thursday, as the industrial coatings maker benefited from increased sales of vehicles as well as strength in its …
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(Reuters) – Fastenal surpassed fourth-quarter profit and revenue estimates on Thursday, as higher demand from manufacturers for its onsite products boosted sales of its products, such as safety gloves, power …
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(Reuters) – Corona beer maker Constellation Brands’ third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed down in the face of …
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By Manoj Kumar NEW DELHI (Reuters) – India is likely to project higher economic growth estimates of around 7% for the 2023/24 fiscal year ending in March, compared with earlier …
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TOKYO (Reuters) – Japan’s government on Thursday slightly raised its economic growth projections for this fiscal year from its previous estimates, as external demand is likely to more than offset …
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(Reuters) – Olive Garden owner Darden Restaurants on Friday forecast annual same-store sales largely below estimates and missed Wall Street expectations for second-quarter revenue as its fine dining business remained …
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(Reuters) -Jabil reported core quarterly profit slightly above Wall Street estimates on Thursday, as the electronic components maker turned its focus on cutting costs to navigate weak demand in a …
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(Reuters) – Skippy peanut butter maker Hormel Foods forecast fiscal year 2024 profit below estimates on Wednesday as consumers reduce spending on its pricier meat products and ready-to-eat meals as …
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(Reuters) – Accounting software-maker Intuit on Tuesday beat Wall Street estimates for first-quarter profit and revenue, on resilient demand for its artificial intelligence infused products that help businesses manage their …
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By Xinghui Kok SINGAPORE (Reuters) -Singapore’s economy grew faster than initial estimates in the third quarter, helped by a resurgence in tourism and service sector activity, although authorities warned of …