Author Archives: Syndicated Content
PPG misses quarterly profit estimates on weak industrial coatings demand
(Reuters) - Paints and coatings maker PPG Industries missed Wall Street estimates for third-quarter profit on Wednesday, hurt by lower sales at its industrial coatings unit. The company posted an adju...
Oct 16, 2024
Goldman Sachs expects series of consecutive 25 basis point Fed cuts ahead
(Reuters) - Goldman Sachs said on Wednesday it expects the U.S. Federal Reserve to deliver consecutive 25-basis-point (bps) interest rate cuts from November 2024 through June 2025 to a terminal rate r...
Oct 16, 2024
Mexico working with GM, Foxconn, Intel to reduce Asia imports
MEXICO CITY (Reuters) - Mexico's deputy economy minister said on Wednesday that the Mexican government is in talks with General Motors, Foxconn, DHL, Stellantis and Intel to identify what products can...
Oct 16, 2024
Caitlin Clark named All-WNBA first team
Indiana Fever guard Caitlin Clark was named to the All-WNBA first team on Wednesday, becoming the first rookie in 16 years to earn the honor. Clark joined Napheesa Collier, league MVP A'ja Wilson of t...
Oct 16, 2024
Robinhood launches desktop platform, adds futures and index options trading to app
By Manya Saini and Niket Nishant (Reuters) - Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech fi...
Oct 16, 2024
Diabetes drug metformin safe for men who may become fathers, study finds
By Nancy Lapid (Reuters) - Men can take the widely prescribed diabetes drug metformin without fear of causing birth defects in their children, according to results of a large study published on Wednes...
Oct 16, 2024
Pentagon removes lidar maker Hesai from US list of firms alleged to help Beijing's military
WASHINGTON (Reuters) - The U.S. Defense Department removed China-based lidar maker Hesai Group from a list of companies allegedly working with Beijing's military, according to a letter sent to Congres...
Oct 16, 2024
Wireless tower operator Crown Castle lowers full year net income forecast
(Reuters) - Crown Castle lowered its full-year 2024 net income forecast on Wednesday, due to slower tower leasing activity in wake of wireless carriers tightening budgets. The company said it has canc...
Oct 16, 2024
Morning Bid: Inflation cools, TSMC offers AI weather vane
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Markets across Asia should open on a firm footing on Thursday, supported by a rebound on Wall Street and softer Treasury yields ...
Oct 16, 2024
Equifax sees 2024 revenue below estimates amid mortgage market slump
(Reuters) - Credit ratings firm Equifax said on Wednesday it expects full-year revenue below Wall Street estimates, as higher-for-longer interest rates continued to weigh on loan demand and kept the m...
Oct 16, 2024
