By Kylie Madry and Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit posted a 9.3% year-on-year climb in its second-quarter net profit on Wednesday, as its s[...]
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July 24, 2024
S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily
By David French (Reuters) -The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster[...]
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G20 to back progressive taxation, without endorsing ‘billionaire tax,’ sources say
By Marcela Ayres and David Lawder RIO DE JANEIRO (Reuters) – G20 finance leaders meeting in Brazil are preparing a joint statement for Thursday in support of progressive taxation that will stop[...]
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IBM gets lift from software, AI demand as consulting slips
By Arsheeya Bajwa (Reuters) -IBM beat analysts’ estimates for second-quarter revenue and raised its annual growth forecast for its software business on Wednesday, riding on higher AI-linked spen[...]
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NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billion
(Reuters) -Walt Disney’s ESPN, Comcast-owned NBCUniversal and Amazon.com have clinched the rights to carry National Basketball Association games in an 11-year deal valued at $77 billion, the lea[...]
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Mexican breadmaker Bimbo’s Q2 profit drops 16%
MEXICO CITY (Reuters) – Mexican breadmaker Bimbo’s second-quarter net profit slipped by 16.3% compared to the same period last year to 3.32 billion pesos ($181.56 million), the firm report[...]
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BOJ to weigh rate hike next week, detail plan to halve bond buying, sources say
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in co[...]
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Chipotle tops quarterly estimates, warns of margin pressure going forward
By Granth Vanaik and Waylon Cunningham (Reuters) -Chipotle Mexican Grill surpassed Wall Street estimates for quarterly sales and profit on Wednesday as demand for its rice bowls and burritos held up e[...]
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Textron close to buying Spirit Aero fuselage program for V-280 military aircraft, source says
By Allison Lampert FARNBOROUGH, England (Reuters) – Textron is close to acquiring the fuselage-making program for its V-280 military aircraft from Spirit AeroSystems, according to a source famil[...]
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