By Foo Yun Chee BRUSSELS (Reuters) – The U.S. Inflation Reduction Act and soaring energy prices pose a risk to…
Instant view: Bank of Canada surprises with smaller-than-expected interest rate increase
TORONTO (Reuters) – The Bank of Canada announced a smaller-than-expected 50-basis point rate hike on Wednesday and said future increases…
Kraft Heinz beats quarterly estimates as prices soar
By Mehr Bedi and Granth Vanaik (Reuters) -Kraft Heinz Co on Wednesday reported a surprise rise in quarterly revenue and…
Big Tech tumbles as results set off alarm bells
(Reuters) – Gloomy results from Alphabet and Microsoft stoked fears of a global economic downturn and derailed an earnings-led surge…
Harley cruises past Q3 earnings forecast on improved shipments, shares jump 11%
By Bianca Flowers (Reuters) – Harley-Davidson Inc on Wednesday reported higher-than-expected profit, briefly sending shares up 11% as consumer demand…
U.S. new home sales fall in September; prices remain high
WASHINGTON (Reuters) – Sales of new U.S. single-family homes dropped in September and data for the prior month was revised…
General Dynamics beats on profit, helped by business jets and marine
By Nathan Gomes and Allison Lampert (Reuters) -Gulfstream business jet maker General Dynamics Corp on Wednesday reported a third-quarter profit…
Exchange operator CME tops profit views as trading volumes surge
(Reuters) – Futures exchange operator CME Group Inc reported third-quarter profits that beat expectations as volatility in the global markets…
BASF expects majority of European job cuts to be handled via attrition
FRANKFURT (Reuters) – BASF said it expects the majority of job cuts in Europe, part of as-yet unspecified cutbacks over…
Temasek shifts president, CFO in management shuffle
(Reuters) – Singapore’s Temasek Holdings said on Wednesday President Tan Chong Lee will resign to take up the role as…