By Ananya Mariam Rajesh, Siddharth Cavale (Reuters) -Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by pr[...]
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August 21, 2024
Chile’s SQM posts 63% profit slump, expects weak lithium prices in near term
SANTIAGO (Reuters) -Chile’s SQM, the world’s second-largest lithium producer, reported a bigger-than-expected 63.2% slide in its quarterly profit on Wednesday due to weak prices of the bat[...]
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How Reuters calculated the Trump Organization’s financial situation
By Tom Bergin (Reuters) – Reuters sought to estimate the cashflow being generated by former President Donald J. Trump’s various businesses to try to understand how that business has changed over[...]
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US judge strikes down Biden administration ban on worker ‘noncompete’ agreements
By Daniel Wiessner (Reuters) -A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their[...]
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Brazil airline Voepass halts some flights after deadly crash
By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Voepass has decided to reduce some service to nine locations after one of its planes crashed and killed 62 people in Sao Paulo state ear[...]
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Peloton’s earnings to draw focus on CEO search, efforts to grow subscribers
By Kannaki Deka (Reuters) – Peloton Interactive’s investors will look for updates on its CEO appointment and efforts to grow subscribers in fiscal 2025 when the fitness equipment maker rep[...]
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Oaktree nears deal for majority stake in two B Riley units, Bloomberg reports
(Reuters) – Asset manager Oaktree Capital is in exclusive talks to acquire a majority stake in two businesses owned by investment bank B. Riley, Bloomberg News reported on Wednesday. Oaktree is[...]
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Auto leads European shares higher, Fed minutes in focus
By Pranav Kashyap and Ankika Biswas (Reuters) – European shares edged up on Wednesday, led by automobile stocks, while investors awaited the minutes of the U.S. Federal Reserve’s July meet[...]
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Tesla issuing new recall for 9,100 Model X SUVs over trim issue
By Akash Sriram and David Shepardson (Reuters) -Tesla has issued a recall for about 9,100 Model X sports utility vehicles in the U.S. over a trim on the roof that could separate, it said on Wednesday,[...]
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