(Reuters) – Shares of former U.S. President Donald Trump’s media company surged 6% on Tuesday to their highest since June in one of the heaviest trading sessions since the Truth Social platform’s Wall Street debut in March. Trump Media & Technology Group’s leap to $31.55 a share added to recent strong gains reflecting betting odds […]
Walgreens to shut 1,200 stores as CEO Wentworth seeks turnaround
By Manas Mishra and Sneha S K (Reuters) -Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates. The company narrowly beat Wall Street’s lowered […]
Kremlin says Kamala Harris remarks on Putin expose U.S. view of the world
(Reuters) – The Kremlin said on Saturday that Democratic Party presidential candidate Kamala Harris’s description of Russian President Vladimir Putin as a “murderous dictator” exposed how politicians in Washington sought to impose their views on the world. Kremlin spokesman Dmitry Peskov’s comment was the latest jab in exchanges revolving around the U.S. presidential election and […]
Boeing to cut 17,000 jobs, delay first 777X jet as strike hits finances
By Allison Lampert and David Shepardson (Reuters) -Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. CEO Kelly Ortberg said in […]
SpaceX catches giant Starship booster in fifth flight test
(Reuters) -SpaceX on Sunday launched its fifth Starship test flight from Texas and returned the rocket’s towering first stage booster back to land for the first time, achieving a novel recovery method involving large metal arms. The rocket’s Super Heavy first stage booster lifted off at 7:25 a.m. CT (1225 GMT) from SpaceX’s Boca Chica, […]
Netflix, Bank of America, J&J: Key Earnings to Watch This Week
This week, three major companies are poised to release their third-quarter earnings: Netflix (NFLX), Bank of America (BAC), and Johnson & Johnson (JNJ). Each company, representing different sectors—technology, finance, and healthcare—is under market scrutiny for how they’ve weathered recent macroeconomic turbulence. In this editorial, we’ll explore each company’s expected earnings, their performance following prior earnings […]
US expands sanctions against Iran’s ‘ghost fleet’ of oil tankers
WASHINGTON (Reuters) -The United States expanded sanctions against Iran’s petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said. The U.S. move adds petroleum and petrochemicals to an executive order that targets key sectors of Iran’s economy with the aim of denying the […]
Exclusive-CVS to exit core infusions services business, job cuts possible
By Amina Niasse NEW YORK (Reuters) -CVS Health is exiting its core infusion services business and plans to either close or sell 29 related regional pharmacies in the coming months, a company spokesperson confirmed to Reuters on Friday. Details of the strategic shift were announced in a CVS corporate memo dated Oct. 8 and seen […]
Stocks rise on lift from bank earnings, US yields dip
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks rose on Friday, powered by U.S. bank earnings, on track for a weekly gain while U.S. Treasury yields dipped after inflation and consumer confidence reports solidified expectations for the path of Federal Reserve interest rate cuts. The U.S. producer price index for final demand was unchanged in […]
JPMorgan profit beats estimates on investment banking strength, higher interest income
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase’s third-quarter profit beat expectations as strong investment banking performance and rising interest payments offset a hit from bigger loan loss provisions, sending its shares up before the market open. The prospect of monetary easing by the Federal Reserve has spurred a rally in equities during the […]