Duke Energy beats profit estimates on higher margins
NEW YORK (Reuters) – Duke Energy Corp on Thursday beat Wall Street estimates for third-quarter profit, with the company pointing to higher retail margins and …
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Aflac beats estimates for quarterly profit on higher premium income
(Reuters) – Insurance provider Aflac on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on …
Marathon Oil profit tops analysts’ estimates on higher production
By Arathy Somasekhar HOUSTON (Reuters) – Marathon Oil on Wednesday posted a third quarter profit that fell 44% from a year ago as energy prices …
Fed’s Powell says higher rates need to persist to affect Fed policy choices
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher …
Aussie pizza-maker Domino’s eyes higher profit in fiscal 2024
By Rishav Chatterjee (Reuters) -Australia’s Domino’s Pizza Enterprises on Wednesday said it expects earnings in fiscal 2024 to be significantly higher than 2023 as it …
MSCI posts higher third-quarter profit as subscriptions rise
(Reuters) – Global index provider MSCI on Tuesday posted a higher third-quarter profit as product subscriptions benefited from a market recovery led by bets of …
Public Storage raises forecast for full-year revenue growth on higher occupancy
(Reuters) – Public Storage on Monday raised its full-year outlook for revenue growth and core funds from operation (FFO) per share, on higher move-in volumes …
Loews posts Q3 profit on higher investment income, insurance premium
(Reuters) – Loews Corp on Monday reported a profit in the third quarter compared to a loss a year earlier, boosted by higher investments and …
Profits of US mid-sized banks likely to be squeezed by higher funding costs
By Manya Saini and Niket Nishant (Reuters) – U.S. mid-sized banks will likely need to shell out more to retain deposits in the next few …
Marketmind: Stocks break higher, but for longer too?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets are set to …
Instant View: Gas and shelter costs send US consumer prices higher in Sept
NEW YORK (Reuters) – U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is slowing, supporting financial market …
World Bank’s Banga: Interest rates to stay higher for longer
MARRAKECH, Morocco (Reuters) – World Bank President Ajay Banga said on Wednesday interest rates will likely stay higher for longer and complicate investments for companies …
Kashkari: ‘possible’ higher bond yields mean Fed can do less
By Ann Saphir (Reuters) -It’s “possible” that the recent rise in yields on longer-term Treasuries means the Federal Reserve need not raise interest rates as …
ECB’s Knot says Italy is paying price for higher deficit
STRBSKE PLESO, Slovakia (Reuters) – Italy is paying the price for raising its deficit targets via higher borrowing costs, European Central Bank policymaker Klaas Knot …
Putin says Russia’s economy can cope with higher defence spending on war
MOSCOW (Reuters) – The Russian economy can cope with higher military spending to fund the war in Ukraine now and in the coming years, President …
S.Korean central bank governor sees risk of rates staying higher for longer
SEOUL (Reuters) – South Korea’s central bank governor said there was a high possibility interest rates would stay higher for longer and there was a …
Bumpy September for auto ETFs as UAW strike, higher rates weigh
By Bansari Mayur Kamdar (Reuters) – Exchange-traded funds tracking automakers saw net outflows last month on worries over the United Auto Workers’ (UAW) strike against …
DoubleLine’s Gundlach says Fed’s ‘higher for longer’ stance a problem
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Federal Reserve’s stance of “higher for longer” on interest rates has become a major challenge and the …
Spice maker McCormick lifts profit forecast as higher prices cushion weaker demand
(Reuters) – McCormick on Tuesday raised its annual profit forecast as it expects higher prices for its spices and condiments to make up for slowing …
Bar for speeding up Brazil rate cuts now a bit higher -central bank chief
BRASILIA (Reuters) – Brazil’s central bank governor said on Thursday that the bar for accelerating interest rate cuts is a little higher now, signaling policymakers …
Higher yields weigh on European shares, luxury stocks enter bear market territory
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fourth day on Tuesday, with rate-sensitive technology and real estate stocks pressured …
Fed’s Kashkari: 40% chance of needing ‘meaningfully’ higher rates
By Ann Saphir (Reuters) -A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on …
Dick’s Sporting Goods’ proposed holiday hiring slips to 8,600 amid higher labor costs
(Reuters) – Athletic-wear retailer Dick’s Sporting Goods said on Tuesday it would recruit 8,600 workers across the United States for the holiday shopping season, less …
Fed’s Daly says she is not sure if need to hold rates, or go higher
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said that while the recent drop in inflation and the gradual rebalancing of …
Hedge fund demand for US Treasuries seen rising amid higher bond supply
By Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Hedge funds will likely become increasingly important buyers of U.S. Treasuries, providing liquidity in the …
10-year yields hit 16-year peak as Fed seen higher for longer
By Karen Brettell NEW YORK (Reuters) – Benchmark 10-year U.S. Treasury yields rose to 16-year highs on Thursday, a day after the Federal Reserve surprised …
Thailand plans higher borrowing in 2024 to boost economy – sources
BANGKOK (Reuters) -Thailand’s new government plans to borrow about 2.4 trillion baht ($66.4 billion) for the fiscal year 2024 starting on Oct. 1, up 9% …
AI startup SambaNova launches new chip designed for higher quality AI
By Max A. Cherney (Reuters) – Artificial intelligence chip startup SambaNova Systems announced a new semiconductor on Tuesday, designed to allow its customers to use …
Nearly half UK small firms feeling hit from higher rates – survey
LONDON (Reuters) – The higher cost of borrowing is hurting almost half of small firms in Britain, according to a survey published on Monday, ahead …
US junk debt issuers use window to extend liabilities but at higher costs -Morgan Stanley
By Matt Tracy (Reuters) – U.S. junk-rated companies are using a more favorable debt issuance window this year to extend billions of dollars of short-term …
US junk debt deals carry higher guardrails for investors
By Matt Tracy (Reuters) – U.S. junk-bond offerings have spiked in recent weeks on the back of strong demand from investors looking to boost their …
‘Higher for longer’ rates remain a threat to U.S. stocks after inflation data
By David Randall NEW YORK (Reuters) – The latest U.S. inflation data is unlikely to ease worries over persistently high Treasury yields that have gnawed …
New Thai govt approves higher spending, budget deficit for fiscal 2024
BANGKOK (Reuters) -Thailand’s new cabinet on Wednesday approved a plan for higher fiscal 2024 spending of 3.48 trillion baht ($97.29 billion) and a larger budget …
‘You’re Not Going To Have Deliveries’: Former Trump Official Predicts Higher Costs From Biden’s Electric Truck Push
‘You’re Not Going To Have Deliveries’: Former Trump Official Predicts Higher Costs From Biden’s Electric Truck Push Harold Hutchison on September 8, 2023 A former …
Asset managers look to sell Hong Kong buildings as higher rates bite
By Clare Jim HONG KONG (Reuters) – Asset managers are increasingly looking to dispose of their commercial buildings in Hong Kong as rising interest rates …
Belgium raises record 22 billion euros from savers in ‘clear signal’ for higher bank rates
By Yoruk Bahceli BRUSSELS (Reuters) – Belgium has raised a record 21.9 billion euros ($23.65 bln) from savers in a bond sale designed to compete …
BMW expects higher China sales in 2023, finance chief says
By Christina Amann MUNICH (Reuters) – BMW expects to sell more cars in China this year despite a local price war in the electric vehicle …
UK factory orders tumble in the face of higher rates – PMI
LONDON (Reuters) – British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due to the rise …
French August inflation higher than expected, fuelled by energy
PARIS (Reuters) -French inflation accelerated more than expected in August as a new fall in food inflation was more than offset by higher energy prices, …
Spanish inflation rises to 2.6% in August on higher fuel prices
By Jakub Olesiuk (Reuters) – Spanish inflation rose to 2.6% year-on-year in August, boosted by higher fuel prices, preliminary data from the National Statistics Institute …
Jif peanut butter maker J.M. Smucker lifts profit forecast on higher prices, lower costs
(Reuters) – Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food …
US department stores see higher credit delinquencies amid strained spending
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Major U.S. department stores including Macy’s and Nordstrom are flagging delays in store credit card repayments, …
Toll Brothers beats profit estimates on higher home sales
(Reuters) – Homebuilder Toll Brothers Inc beat Wall Street estimates for third-quarter profit on Tuesday, as demand for luxury homes in a tighter resale market …
Thai economy likely grew 3.1% in Q2 on higher tourist arrivals: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Thailand’s economy likely grew 3.1% in the April-June quarter from a year ago, up from 2.7% in the previous …
Marketmind: Adjusting to a new, higher yield world
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Japanese inflation grabs the Asian …
Professors, Students Sue To Block DeSantis Law Barring DEI Funding In Higher Ed
Professors, Students Sue To Block DeSantis Law Barring DEI Funding In Higher Ed Brandon Poulter on August 15, 2023 A group of professors and students …
Broker XP’s revenue rises on higher client assets, card segment growth
(Reuters) – Brazilian investment manager and broker XP on Monday reported a rise in second-quarter revenue, helped by a rebound in the capital markets that …
‘North Of $50 Million’: GOP Rep Mace Says Biden Payouts Even Higher Than Reported
‘North Of $50 Million’: GOP Rep Mace Says Biden Payouts Even Higher Than Reported Harold Hutchison on August 14, 2023 Republican Rep. Nancy Mace of …
Oil Prices Likely To Climb Even Higher, Energy Group Predicts
Oil Prices Likely To Climb Even Higher, Energy Group Predicts Nick Pope on August 11, 2023 Oil prices are poised to continue their climb in …
Column-How a higher retirement age would hurt low-income US workers
By Mark Miller (Reuters) – Should you keep working as you get older, or retire and claim Social Security when you first become eligible for …