Author Archives: Syndicated Content
UniCredit-Commerzbank deal should be judged on financial strength - Bank of Italy
(Reuters) - The European Central Bank should evaluate any deal between Italian lender UniCredit and Germany's Commerzbank purely based on the solidity of the resulting bank rather than national intere...
Oct 23, 2024
Justice Dept warns Musk's super PAC over million dollar giveaways, CNN reports
WASHINGTON (Reuters) - The U.S. Justice Department has sent a letter to Elon Musk's super PAC warning that the billionaire Tesla CEO's $1 million giveaways may violate federal law, CNN reported on Wed...
Oct 23, 2024
Top gold miner Newmont misses third-quarter profit estimates on higher costs
(Reuters) - Newmont missed Wall Street expectations for third-quarter profit on Wednesday, as higher costs and lower production in Nevada weighed on the world's largest gold producer. All-in-sustainin...
Oct 23, 2024
Tesla's third-quarter profit margin beats estimates
(Reuters) - Tesla reported a higher-than-expected profit margin for the third quarter on Wednesday even as it offered lucrative financial incentives to boost demand for its aging electric vehicle line...
Oct 23, 2024
Mattel trims sales forecast ahead of holiday shopping amid tepid toys demand
(Reuters) - Mattel lowered its full-year sales forecast on Wednesday as the Barbie parent heads into the crucial holiday shopping season against the backdrop of muted demand for toys. The company now ...
Oct 23, 2024
Walmart in Mexico posts 5% dip in Q3 net profit
MEXICO CITY (Reuters) - Walmart's Mexico and Central America unit posted on Thursday a 5% year-on-year dip in its third-quarter net profit to 12.93 billion pesos. The retailer's revenues in the quarte...
Oct 23, 2024
T-Mobile beats estimates for wireless subscriber growth, fueled by demand for premium plans
(Reuters) - T-Mobile US on Wednesday exceeded Wall Street expectations for quarterly wireless subscriber additions as more customers opted for its discounted plans that bundle streaming services like ...
Oct 23, 2024
Cuba keeps schools closed, workers home during recovery from power failure, hurricane
HAVANA (Reuters) - Cuba said on Wednesday it would keep schools closed and non-essential workers home through Sunday as the crisis-racked Caribbean island nation struggled to recover from the collapse...
Oct 23, 2024
Trump ally Lindell asks court to overturn award for debunking US election claims
By Mike Scarcella (Reuters) - Donald Trump ally Mike Lindell, the CEO of MyPillow.com, asked a U.S. appeals court on Wednesday to strike down a $5 million award to a man who successfully debunked his ...
Oct 23, 2024
BOJ chief says it is 'still taking time' to sustainably hit inflation goal
WASHINGTON (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday that underlying inflation has been rising slowly, but it was "still taking time" for the country to achieve 2% inflation in a...
Oct 23, 2024
