(Reuters) – MetLife on Wednesday reported second-quarter profit above expectations as a rally in U.S. markets boosted returns from the insurer’s investments. Wall Street has rebounded this[...]
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August 2, 2023
Cognizant projects revenue above estimates, CFO to retire in 2024
(Reuters) – Cognizant Technology Solutions forecast third-quarter revenue above estimates on Wednesday as more businesses turn to the IT services provider to digitize their operations, sending i[...]
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Robinhood beats revenue estimates, shares fall on decline in users
By Hannah Lang (Reuters) -Robinhood Markets Inc reported higher second-quarter revenue on Wednesday as interest rates continued to buoy the online brokerage’s interest income, achieving profitability[...]
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Spirit AeroSystems plunges 27% after bleak cash-flow outlook shocks investors
By Valerie Insinna and Abhijith Ganapavaram (Reuters) -Shares of Spirit AeroSystems plummeted 27% on Wednesday after the aerospace manufacturer disclosed $105 million in losses on Boeing and Airbus ai[...]
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Equinix projects quarterly revenue below estimates, shares slip
(Reuters) – Equinix forecast third-quarter revenue below market estimates on Wednesday, a sign that demand for data centers was slowing as businesses curtail spending in an uncertain economy. Sh[...]
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World battles to loosen China’s grip on vital rare earths for clean energy transition
By Ernest Scheyder and Eric Onstad (Reuters) – Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world’s two biggest rare earths companies[...]
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US labor board says work rules cannot hamper unionizing
By Daniel Wiessner (Reuters) – The agency that enforces U.S. labor laws on Wednesday made it more difficult for businesses to defend workplace rules that could interfere with employees’ ri[...]
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JP Morgan CEO says capital regulations are disappointing, will curb lending
NEW YORK (Reuters) – JPMorgan CEO Jamie Dimon said on Wednesday bank regulators risk making mortgages and small-business loans less affordable with the capital raises proposed by the Federal Res[...]
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J&J talc cancer plaintiffs want 6-month ban on further bankruptcy filings
By Dietrich Knauth NEW YORK (Reuters) – Lawyers for thousands of people who claim Johnson & Johnson’s talc-based powders caused them to develop cancer on Wednesday urged a U.S. judge t[...]
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