(Reuters) – Carrier Global surpassed analysts’ estimates for second-quarter profit on Thursday, benefiting from price hikes, resilient demand for its heating, ventilating and air condition[...]
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July 25, 2024
Honeywell trims annual profit forecast on muted industrial automation demand
(Reuters) – Honeywell International Inc on Thursday lowered its annual profit forecast, due to lower demand in its industrial automation business, sending shares of the diversified industrial fi[...]
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German, French companies less hopeful over economic recovery
By Francesco Canepa and Maria Martinez FRANKFURT/BERLIN (Reuters) – Companies in the euro zone’s two largest economies are growing more pessimistic, surveys showed on Thursday, raising con[...]
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Sotheby’s bets on Chinese spending with Hong Kong retail outlet
By Clare Jim HONG KONG (Reuters) – Sotheby’s embarks on a new kind of selling in Hong Kong on Saturday, with its first retail outlet, stocking anything from collectable trainers to dinosau[...]
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Global tech outage to cost Air France KLM close to $11 million, says CFO
(Reuters) – Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week’s global technology outage, finance chief Steven Zaat said on Thursday. The group is one of[...]
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Bombardier’s quarterly revenue rises 32% on higher jet deliveries
(Reuters) – Bombardier’s second-quarter revenue rose 32%, helped by higher plane deliveries and stronger sales in the Canadian business jet maker’s services business. Robust demand f[...]
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Julius Baer shares slide on profit miss, tepid cash inflows
By John Revill ZURICH (Reuters) -Swiss private bank Julius Baer’s shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only a tepid increase in cash inflows[...]
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In a Trump win, economists see revived inflation and a more wary Fed
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s battle to get inflation under control likely faces fresh challenges should Donald Trump regain the White House, a dynamic that coul[...]
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Morning Bid: Growth angst or air pocket? Stocks nurse losses
A look at the day ahead in U.S. and global markets from Mike Dolan The worst day for the S&P500 since 2022 and mounting central bank easing bets suggest markets’ serene ‘soft landing[...]
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