By Stephen Culp NEW YORK (Reuters) – U.S. stocks tumbled in a broad sell-off on Wednesday as Alphabet shares slid after the Google parent posted disappointing earnings and as U.S. Treasury yield[...]
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October 25, 2023
Bankman-Fried to testify in fraud trial after ex-colleagues turned on him
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -Sam Bankman-Fried plans to testify in his own defense at his criminal fraud trial, after his closest associates blamed the former billionaire for[...]
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Whirlpool tempers annual profit forecast on slowing demand
(Reuters) – Whirlpool Corp tempered its full-year profit forecast on Wednesday, signaling softening demand for its washing machines and kitchen appliances amid a cost-of-living crisis and sendin[...]
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Data center firm Equinix trims annual revenue forecast on weak corporate spending
(Reuters) – Data center company Equinix trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale back their plans for cl[...]
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Social media platform X rolls out audio, video calling
(Reuters) – Social media platform X, formerly known as Twitter, is launching an early version of video and audio calling for some users, according to chief technology officer and owner Elon Musk[...]
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Chinese firms to invest nearly $1 billion in northern Mexico -state officials
((This Oct. 18 story has been corrected to remove references to Hesai Technology after the Nuevo Leon Economy Ministry revised its statement to name Shenzhen as the second company, not Hesai Technolog[...]
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Australia’s Westpac warns of $109 million hit to fiscal 2023 profit
(Reuters) – Australian lender Westpac Banking Corp said on Thursday it expects its net profit after tax in fiscal 2023 to decline by A$173 million ($109.11 million) due to certain one-off items,[...]
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US Fed proposes shrinking fees banks charge on debit card transactions
By Pete Schroeder and Siddharth Cavale WASHINGTON (Reuters) -The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called “swipe fees” banks can charge[...]
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Facebook-parent Meta beats revenue estimates on digital ad strength
By Katie Paul and Yuvraj Malik NEW YORK (Reuters) -Meta Platforms beat expectations for third-quarter profit and revenue on Wednesday, helped by an austerity drive and a recovery in digital advertisin[...]
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