Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Weight-loss drug worries add to US restaurants’ weak traffic woes
By Deborah Mary Sophia (Reuters) - Investors will look for signs that U.S. fast-food chains, already contending with inflation-stung consumers preferring to dine at home, will also have to grapple wit...
Oct 26, 2023
Traders boost bets Fed will keep rates on hold this year
(Reuters) - Traders on Thursday added to bets the Federal Reserve will keep policy on hold through this year and will begin interest rate cuts in mid-2024, despite a stronger-than-expected reading for...
Oct 26, 2023
Instant view: ECB pauses record streak of rate hikes
LONDON (Reuters) - The European Central Bank broke the longest streak of interest rate rises in its 25-year history on Thursday, as slowing inflation continued to point to an eventual drop towards its...
Oct 26, 2023
ECB breaks record streak of rate hikes as economy weakens
ATHENS (Reuters) - The European Central Bank broke the longest streak of interest rate hikes in its 25-year history on Thursday, saying the latest data continued to point to inflation slowly coming do...
Oct 26, 2023
South Africa’s social relief grant faces scrutiny amid spending cuts
By Kopano Gumbi JOHANNESBURG (Reuters) - South Africa's social relief grant is likely to be extended beyond next March, economists said, which may add an unbudgeted 50 billion rand ($2.6 billion) to s...
Oct 26, 2023
Labcorp beats quarterly profit estimates on strength in routine testing segment
(Reuters) - Laboratory Corporation of America topped Wall Street expectations for quarterly adjusted profit on Thursday, as strength in its routine diagnostics business more than offset weak COVID tes...
Oct 26, 2023
Mastercard third-quarter profit rises
(Reuters) -Mastercard on Thursday reported a rise in third-quarter profit, as consumer spent on travel and entertainment. The company reported a profit of $3.2 billion, or $3.39 per share, for the thr...
Oct 26, 2023
Altria cuts profit forecast as smokers trade down to cheaper cigarettes
(Reuters) - Tobacco giant Altria Group cut its annual profit forecast on Thursday as smokers increasingly swapped out its more expensive cigarettes for cheaper brands or smoking alternatives. The Marl...
Oct 26, 2023
Europe Inc warns business is tough on home turf
By Silvia Aloisi and Richa Naidu LONDON/PARIS (Reuters) - Some of Europe's top companies, including Volkswagen and Unilever warned on Thursday that business in the region is increasingly tough, unders...
Oct 26, 2023
Textron raises profit forecast as private jet demand holds steady
(Reuters) - Textron Inc on Thursday raised its full-year adjusted earnings forecast after beating estimates for quarterly profit, betting on demand for its business jets despite higher prices. The Ces...
Oct 26, 2023
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