By Niket Nishant, Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were also disappointed[...]
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October 18, 2023
Malteurop sees demand rebound for beer ingredient despite inflation
(Reuters) – Inflation is curbing short-term demand for malt, but demand looks to rebound soon for the beer ingredient made from barley after brewers depleted stocks, France-based producer Malteu[...]
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Google executive defends search quality in US antitrust trial
By Diane Bartz WASHINGTON (Reuters) – Alphabet’s Google called its first witness on Wednesday in a once-in-a-generation U.S. antitrust trial, putting on the witness stand an executive who[...]
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Layoffs lurk on Wall Street as macroeconomic outlook remains murky
By Manya Saini and Niket Nishant (Reuters) -Top U.S. banks could cut jobs further to keep their expenses in check, especially if lingering economic weakness derails a fledgling recovery in investment[...]
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Fears that China boost for L’Oreal’s beauty label sales may not last
By Mimosa Spencer PARIS (Reuters) – L’Oreal’s stable of skincare and cosmetics labels, including L’Oreal Paris, SkinCeuticals and CeraVe, will likely give a solid lift to the c[...]
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US SEC proposes banning volume-based trading discounts for stock brokerages
By Douglas Gillison (Reuters) -Wall Street’s top regulator on Wednesday proposed new regulations it said should level the playing field among broker-dealers operating on U.S. stock exchanges by[...]
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U.S. income inequality grew through pandemic years, Fed survey shows
By Ann Saphir (Reuters) -American families on average saw large gains in income and wealth from 2019 to 2022 and households became less fragile during a period marked by the severe disruptions of the[...]
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Stellantis aims to rival Ford in commercial vehicles with sales growth
By Giulio Piovaccari BALOCCO, Italy (Reuters) – Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch up with global market leader Ford,[...]
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Bankrupt drugstore chain Rite Aid raises going concern doubts
(Reuters) – U.S. drugstore chain Rite Aid raised concerns about its ability to remain in business in a regulatory filing on Wednesday, days after it filed for bankruptcy protection. The debt-lad[...]
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