By Stella Qiu SYDNEY (Reuters) – Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve Chair had markets double down on bets that U.S. interest rates have[...]
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November 2, 2023
PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay
By Niket Nishant (Reuters) -PayPal Holdings added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors, even as the payments giant disclosed a subpoena[...]
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Block’s forecast raise caps strong Q3 for US payments firms, shares surge 16%
By Manya Saini and Niket Nishant (Reuters) -Block shares surged 16% in extended trade on Thursday after the payments firm raised its annual forecast for adjusted profit, joining rivals in brushing off[...]
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Consolidated Edison beats Q3 profit estimates as electricity revenue climbs
(Reuters) – Utility firm Consolidated Edison on Thursday beat third-quarter profit estimates on higher earnings from its electricity segment. The company, which provides electricity in much of t[...]
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Starbucks gets US sales bump as Pumpkin Spice Latte returns
By Deborah Mary Sophia (Reuters) -Starbucks leaned on the hype around its Pumpkin Spice Latte and other fall-themed drinks in North America to surpass Wall Street targets for fourth-quarter results, a[...]
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Bunge seeks antitrust approval for Viterra merger in major jurisdictions
By Karl Plume MINNEAPOLIS (Reuters) – Bunge has filed for regulatory approvals for its merger with crop handler Viterra in “major jurisdictions” in North and South America, Europe an[...]
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Paramount says its investments in streaming have peaked, shares jump
By Chavi Mehta and Dawn Chmielewski (Reuters) -Paramount Global’s investments in its fast-growing but unprofitable streaming unit have peaked a year ahead of the target, the media company said o[...]
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Coinbase shares fall on lower trading volume despite revenue beat
By Hannah Lang (Reuters) -Cryptocurrency exchange Coinbase on Thursday beat estimates for third-quarter revenue, but saw trading volumes decline for the second quarter in a row, sending shares of the[...]
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Near-miss aviation incidents to be subject of US Senate hearing
By David Shepardson WASHINGTON (Reuters) -The U.S. Senate Commerce Committee will hold a hearing next week on a series of troubling close-call aviation safety incidents that raised questions about Fed[...]
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