US retail sales slightly above expectations in October

WASHINGTON (Reuters) – U.S. retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared...

Factbox-Most brokerages retain expectations of 25-bps rate cut from US Fed in December

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November 15, 2024

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(Reuters) -Major brokerages reiterated their view of a 25-basis-point (bp) interest-rate cut by the U.S. Federal Reserve in December after...

Exclusive-Unilever nearly halves expected European job cuts, switching some staff to ice cream unit-works council

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November 15, 2024

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By Richa Naidu LONDON (Reuters) -Unilever is cutting about 1,500 fewer jobs in Europe than initially anticipated and hiring about...

U.S. equity funds see robust inflows on corporate earnings optimism

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November 15, 2024

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(Reuters) – U.S. equity funds witnessed a significant boost in investor demand in the week through Nov. 13, fueled by...

Undervalued but poised for growth: Simply Good Foods could be a good buy

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November 14, 2024

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As consumer demand for healthier eating habits continues to rise, food companies tapping into the health and wellness trend are...

Back to normality?

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November 14, 2024

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US equities soared as voters went to the booths in the Presidential Election. The rally accelerated after it was soon...

Foxconn rides the AI wave: Q3 profits soar amidst server demand

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November 14, 2024

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Taiwanese electronics giant Foxconn, the world’s leading contract manufacturer and a key Apple supplier, reported a surge in third-quarter profits,...

Disney beats earnings forecast driven by ‘Deadpool & Wolverine’ success; shares jump 10%

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November 14, 2024

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Walt Disney reported fourth-quarter earnings that surpassed Wall Street’s expectations, largely driven by the blockbuster success of Marvel’s latest summer...