(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…
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…
U.S. carrier Alaska exercises options to buy 52 more MAX jets from Boeing
(Reuters) – Alaska Airlines will exercise options to purchase 52 more 737 MAX jets from U.S. planemaker Boeing Co as…
Twitter shares drift towards Musk’s offer price as deadline looms
(Reuters) – Twitter Inc’s stock inched closer to Elon Musk’s $54.20 per share buyout offer for the micro-blogging site on…
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by…
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2001…
Tapestry deepens push into China, undeterred by luxury market slump
By Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform…
Hilton raises annual forecast as profit jumps on strong travel demand
(Reuters) – Hilton Worldwide Holdings Inc on Wednesday raised its annual profit forecast after reporting a spike in third-quarter earnings…