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Economy

IMF raises Ethiopia’s international reserves target after first review

NAIROBI (Reuters) – The International Monetary Fund has raised Ethiopia’s net international reserves target to facilitate payments of upcoming hard currency bills,…
Stock

Thomson Reuters shares surge 21% as Q3 earnings top estimates, guidance raised

TORONTO – Thomson Reuters (TSX/NYSE: NYSE:TRI) reported better-than-expected third quarter results and raised its full-year organic revenue growth outlook, sending shares soaring…
Stock

Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers

By Chris Kirkham (Reuters) – When Reuters reported in April that Tesla (NASDAQ:TSLA) had scrapped plans for a long-promised, next-generation $25,000 electric…
Stock

Burger King parent Restaurant Brands misses sales estimates on muted demand

(Reuters) -Restaurant Brands missed estimates for quarterly revenue on Tuesday due to weak demand across key businesses such as Tim Hortons, Burger…
Stock

Marathon Petroleum earnings beat by $0.83, revenue topped estimates

Investing.com – Marathon Petroleum (NYSE: MPC) reported third quarter EPS of $1.87, $0.83 better than the analyst estimate of $1.04. Revenue for…
Stock

Bernstein lifts eBay rating to “Outperform,” citing an “improved growth profile”

Investing.com – Shares in eBay (NASDAQ:EBAY) edged higher on Tuesday after analysts at Bernstein upgraded their rating of the e-commerce group to “Outperform”…
Economy

Fed seen cutting rates by 25 basis points – WSJ’s Timiraos

Investing.com – The Federal Reserve is expected to cut interest rates by 25 basis points at its next policy meeting, according to The…
Economy

Trump’s tariffs would reorder trade flows, raise costs, draw retaliation

By David Lawder WASHINGTON (Reuters) – Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins…
Stock

Investment firm Stonepeak to buy Air Transport Services Group in $3.1 billion deal

(Reuters) – Air Transport Services (NASDAQ:ATSG) Group said on Monday it was being acquired by investment firm Stonepeak in a deal valued…
Stock

Dollar slips, stocks edge up before tight US election

By Tom Wilson LONDON (Reuters) -The dollar fell while stocks eked out slim gains on Monday as investors trod carefully ahead of…
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