investing
Investing
Stocks slip as Big Tech gloom mixes with pre-election jitters
Investing
Oil prices rise 1% after boost from US fuel demand
Investing
Uber shares slide as slowing bookings growth spooks investors
Investing
Stellantis revenue slides as automaker cuts bloated inventories
Riyadh Air orders 60 Airbus narrowbody jets
Date: October 31, 2024
RIYADH/DUBAI (Reuters) -Saudi Arabia’s newest airline Riyadh Air said on Wednesday it had placed an order for 60 Airbus narrowbody A321-family jets as it prepares to start operations in 2025. The deal, signed at the Future Investment Initiative forum in Riyadh, brings to 132 the total number of jets ordered by the Saudi startup, which...
Prada’s third quarter revenues rise 18%, Miu Miu sales double
Date: October 31, 2024
MILAN (Reuters) -Third-quarter net revenues for Prada rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. Sales in the Asia Pacific region, in the spotlight as investors are concerned about...
Stocks slip as investors weigh US election risk, earnings
Date: October 30, 2024
By Tom Wilson LONDON (Reuters) – Shares globally slipped on Wednesday as the investors stayed wary ahead of the U.S. election, while British stocks fell as the UK government unveiled major tax hikes, and gold hit a record high in the wider risk-off mood. With tepid appetite for risk, the Euro STOXX 600 fell 1.3%...
Stocks fall with chipmakers, gold hits record high
Date: October 30, 2024
By Caroline Valetkevitch NEW YORK (Reuters) –Global stock indexes edged lower on Wednesday as a disappointing forecast from Advanced Micro Devices weighed on chipmakers, while gold prices rose to a record high as uncertainty ahead of next week’s U.S. presidential election drove safe-haven demand. British stocks hit their lowest level since August as UK Finance...
Kraft Heinz trims 2024 forecasts on Lunchables drag, tepid demand
Date: October 30, 2024
By Savyata Mishra (Reuters) -Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products such as Lunchables meal kits. Shares of the Jell-O maker fell more than 3% in early trading, as it also posted a bigger-than-expected drop in...
Analysis-Ford investors impatient for the automaker to boost efficiency efforts
Date: October 30, 2024
By Nora Eckert DETROIT (Reuters) -Ford Motor stock has tumbled about 8% so far this week after the company faltered on CEO Jim Farley’s mission to improve efficiency in its traditional gasoline-engine operations, whose profits the company needs to fund its expensive electric vehicle plans. Quality and warranty problems, supplier issues and waste in the...