By Aishwarya Jain (Reuters) -Hotel operator Marriott International lowered its forecast for 2024 room revenue growth on Wednesday, citing softer domestic travel demand in China and North America, send[...]
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July 31, 2024
Bunge Global shares slide 8% after quarterly profit miss
By Tom Polansek and Vallari Srivastava (Reuters) – Bunge Global missed Wall Street expectations for second-quarter profit on Wednesday, sending its shares down 8% as the world’s largest oi[...]
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Gold on track for monthly gain on Mideast fears, Fed rate-cut hopes
By Rahul Paswan (Reuters) – Gold prices were on track to register their best month since March on Wednesday led by geopolitical concerns and hopes of an interest rate cut in September as focus s[...]
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US pending home sales surge in June
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes rebounded sharply in June as an improvement in supply and some moderation in mortgage rates pulled buyers in from the sideline[...]
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Adidas confirms 2024 outlook, Yeezy hurts Q2 North American sales
By Linda Pasquini and Paolo Laudani (Reuters) -Adidas confirmed its full-year guidance and forecast-beating second quarter results on Wednesday, though it said revenue in North America fell due to rem[...]
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Intel wins UK leg of global patent battle with R2 over chips
LONDON (Reuters) – Intel on Wednesday won the London leg of a global patent dispute with U.S. rival R2 Semiconductor, which had been seeking an injunction potentially preventing the sale of some[...]
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Factbox-Who is Boeing’s new CEO Kelly Ortberg?
(Reuters) – Boeing named former Rockwell Collins executive Kelly Ortberg as its new President and CEO, tasking the aerospace industry veteran with turning the struggling planemaker around. The a[...]
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Kraft Heinz cuts annual organic sales forecast as demand tapers off
By Savyata Mishra (Reuters) -Kraft Heinz slashed its organic sales forecast for 2024 on Wednesday after missing quarterly revenue estimates, signaling that it expects higher prices of its snacks and r[...]
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US private payrolls miss expectations in July, ADP says
WASHINGTON (Reuters) – U.S. private payrolls increased far less than expected in July, but that likely is not a true reflection of a labor market that continues to moderate gradually. Private pa[...]
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