By Noor Zainab Hussain, Manya Saini and Matt Tracy (Reuters) – Florida-only insurers such as Citizens Property Insurance anticipate fewer losses from Hurricane Idalia than from previous storms i[...]
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August 31, 2023
Wall Street ends mixed as inflation data buoys optimism
By Shristi Achar A and Noel Randewich (Reuters) – The S&P 500 ended lower and the Nasdaq higher on Thursday after U.S. inflation data matched estimates, underscoring expectations the Federal[...]
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Brazil Burger King brand owner’s shareholders reject poison pill in win for Mubadala
SAO PAULO (Reuters) – Zamp, the owner of the Burger King brand in Brazil, said on Tuesday its shareholders rejected a proposal to include a poison pill in its internal bylaws, a win for Abu Dhab[...]
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US West Coast port workers ratify contract agreement
(Reuters) -U.S. dockworkers ratified a six-year contract that improved pay and benefits for 22,000 employees at 29 ports stretching from California to Washington State, the International Longshore and[...]
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Fresh Mexico City flight cuts spark aviation sector backlash
By Kylie Madry and Cassandra Garrison MEXICO CITY (Reuters) -New flight reductions at Mexico City International Airport (AICM) will take effect in November, Mexican President Andres Manuel Lopez Obrad[...]
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Dell raises full-year forecasts on AI strength, demand recovery
By Zaheer Kachwala (Reuters) – Dell Technologies raised its full-year forecast for revenue and profit on Thursday, as it benefited from the artificial intelligence (AI) boom and stabilizing dema[...]
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SentinelOne raises full-year forecast, adds partnership with Wiz still on
By Akshita Toshniwal (Reuters) – SentinelOne Inc raised its annual revenue forecast on Thursday, riding on resilient adoption of its AI-backed security offerings as macroeconomic fears abate. Th[...]
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Lululemon says third quarter off to “solid start” as N.America improves
By Granth Vanaik (Reuters) -Lululemon Athletica said on Thursday its third quarter was “off to a solid start” as the North American business improves, and the yogawear maker lifted its ann[...]
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Hyundai, LG to spend $2 billion more on Georgia battery plant
By David Shepardson (Reuters) -Hyundai Motor Group and LG Energy Solution will boost their joint investment in a Georgia battery manufacturing plant by $2 billion and add 400 additional jobs, the comp[...]
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