By Ruhi Soni (Reuters) -Corteva Inc on Thursday raised its full-year sales and profit forecasts as the crop protection products maker benefits from surging demand from farmers looking to cash …
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Beyond Meat cuts sales forecast as consumers shun pricier faux meat
by Reutersby ReutersBy Praveen Paramasivam (Reuters) -Beyond Meat Inc on Thursday lowered its revenue forecast for the year and announced job cuts as rising inflation hurt the company’s efforts to make its …
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DeSantis suspends Florida prosecutor for refusing to enforce abortion law
by Reutersby Reuters(Reuters) -Florida Governor Ron DeSantis on Thursday suspended an elected state attorney without pay, accusing him of neglecting his duties and incompetence for saying he would not prosecute anyone who …
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EU antitrust regulators quiz developers on Google app payments – sources
by Reutersby ReutersBy Foo Yun Chee BRUSSELS – EU antitrust regulators have asked app developers whether Alphabet unit Google’s threat to remove apps from its Play Store if they use other payment …
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Facebook parent Meta set to raise $10 billion in bond debut -sources
by Reutersby ReutersBy Nivedita Balu and Shankar Ramakrishnan (Reuters) -Facebook-parent Meta Platforms Inc is set to raise $10 billion in its first-ever bond offering on Thursday, as it looks to fund share …
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Amgen bets on ChemoCentryx’s rare disease drug in $3.7 billion deal
by Reutersby ReutersBy Manas Mishra (Reuters) -Amgen Inc on Thursday agreed to buy ChemoCentryx Inc for $3.7 billion to gain access to a potential blockbuster treatment for inflammatory disorders and beat quarterly …
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(Reuters) – Goldman Sachs Group Inc’s credit card business is being investigated by a top U.S. consumer watchdog, the bank disclosed in a regulatory filing on Thursday. The investigation by …
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Biden meets CEOs of GM, Carrier, urges Congress to pass drug, tax bill
by Reutersby ReutersWASHINGTON -U.S. President Joe Biden met Thursday with labor leaders and CEOs from General Motors, Carrier, Kaiser Permanente and other companies to press Congress to pass the drug, climate and …
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Argentina’s Massa orders immediate spending limits in first step
by Reutersby ReutersBy Jorgelina do Rosario and Maximilian Heath BUENOS AIRES -Argentina’s new economy chief took a first step toward imposing new restraints on government expenditures, spending that has fueled one of …
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Three ships with corn authorised to set out from Ukrainian ports on Friday
by Reutersby ReutersISTANBUL -Three ships carrying a total of 58,041 tonnes of corn have been authorised to leave Ukrainian ports on Friday as part of a deal to unblock grain exports, the …
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By Deborah Mary Sophia (Reuters) -DoorDash Inc raised its annual target for a key industry metric on Thursday, saying it does not expect a slowdown in demand as consumers continue …
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Former Puerto Rican Governor Vazquez arrested for accepting political favors
by Reutersby ReutersBy Ivelisse Rivera and Kylie Madry SAN JUAN – U.S. authorities on Thursday announced criminal charges against former Puerto Rico Governor Wanda Vazquez, who was in office from 2019 to …
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Oil drops with dollar on recession fears; Wall Street ends mixed
by Reutersby ReutersBy Kevin Buckland OTTAWA – Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England’s warning of a drawn-out downturn …
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By Fergal Smith TORONTO – Canada’s main stock index edged higher on Thursday as gains for consumer and industrial shares offset fresh lows for oil prices that pressured the energy …
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MP Materials profit more than doubles on higher rare earths prices
by Reutersby Reuters(Reuters) -Rare earths miner MP Materials Inc reported a better-than-expected quarterly profit on Thursday due to rising demand and prices for the materials used to make electric vehicles and a …
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Rogers says Canada’s antitrust bureau must expedite Shaw M&A hearing
by Reutersby ReutersBy Divya Rajagopal TORONTO – Rogers Communications said on Thursday that Canada’s competition commissioner has a “statutory obligation” to expedite the hearing into the company’s proposed acquisition of Shaw Communications …
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By Lananh Nguyen NEW YORK – The dollar weakened against most major currencies on Thursday as support from the Federal Reserve’s hawkish messaging subsided and investors turned their attention to …
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Canadian Natural’s profit more than doubles as energy prices surge
by Reutersby ReutersBy Nia Williams and Arunima Kumar (Reuters) -Canadian Natural Resources Ltd on Thursday reported quarterly profit more than doubled and announced a special dividend of C$1.50 a share, as crude …
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Credit Suisse mulls cutting thousands of jobs globally, report says
by Reutersby Reuters(Reuters) -Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter. Hours after the news, Fitch Ratings cut …
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By Giuseppe Fonte, Angelo Amante and Giselda Vagnoni ROME -Italy approved on Thursday a new aid package worth around 17 billion euros ($17.4 billion) to help shield firms and families …
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In protests and politics, Canada’s ‘Freedom Convoy’ reverberates
by Reutersby ReutersBy Nia Williams and Anna Mehler Paperny COUTTS, Alberta/TORONTO – In late January five friends, just a few years out of high school, piled into a rented camper van and …
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Apollo’s Q2 earnings rise as Athene helps brave dealmaking slowdown
by Reutersby ReutersBy Chibuike Oguh (Reuters) -Apollo Global Management Inc reported a 13% rise in second-quarter earnings on Thursday, as income from its annuities provider Athene more than compensated for a decline …
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Oil prices hit lowest since Ukraine invasion amid recession fears
by Reutersby ReutersBy Noah Browning LONDON/NEW YORK – Global oil prices dropped on Thursday to their lowest levels since before Russia’s February invasion of Ukraine, as traders fretted over the possibility of …
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Retail investors perceive stocks, bonds to be more arcane than crypto – survey
by Reutersby ReutersBy Medha Singh (Reuters) – Retail investors find well-established stocks and bond markets to be more arcane than the wild world of cryptocurrencies, a survey by the World Economic Forum …
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By Nichola Saminather TORONTO -Sun Life Financial shares jumped on Thursday after reporting a better-than-expected second-quarter profit and announcing the sale of its U.K. business as well as an asset …