By Michael Erman (Reuters) -Pfizer on Friday slashed its full-year revenue forecast by 13% and said it will cut $3.5…
New US SEC rules to shine a light on short selling
By Douglas Gillison and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Friday agreed to roll out new…
Oil surges nearly 6% after Israel begins ground raids into Gaza
By Stephanie Kelly NEW YORK (Reuters) -Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain…
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
By Manya Saini and Tatiana Bautzer NEW YORK (Reuters) -Citigroup’s third-quarter profit beat estimates on Friday as it benefited from…
JPMorgan profit beats estimates on record interest income, First Republic purchase
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat expectations for third-quarter profit on Friday as rising borrowing costs…
China’s trade slump eases, boosting recovery hopes, but challenges persist
By Joe Cash, Liangping Gao and Ellen Zhang BEIJING (Reuters) – China released a mixed batch of economic data on…
JPMorgan chief Dimon warns of ‘ripple effects’ from Middle East violence
(Reuters) – The conflict in the Middle East will have “ripple effects that extend far beyond the region”, JPMorgan Chase’s…
Bets on Fed December rate hike rise after inflation data
(Reuters) – Traders see a stronger chance the Federal Reserve will end up delivering another interest-rate hike this year, and…
Delta says travel boom is not over yet
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines has a message for investors worried about signs of softening demand…
Walgreens maps out $1 billion in cost cuts as profit forecast underwhelms
(Reuters) -Walgreens Boots Alliance said on Thursday that it expected to cut at least $1 billion in costs in 2024…