(Reuters) -HCA Healthcare missed Wall Street estimates for quarterly profit on Friday and forecast up to a $300-million hit in the fourth quarter due to hurricane disruptions, causing its shares to fall 8% in premarket trading. The hospital operator experienced a loss of revenue in the third quarter owing to the impact of Hurricane Helene…
By Lewis Krauskopf NEW YORK (Reuters) – The rally in U.S. stocks is wobbling as it confronts a stretch of potentially market-shaking events, starting next week with corporate results from tech titans and the closely watched employment report, while the U.S. election is also nearing. The benchmark S&P 500 is up about 22% on the…
(Reuters) – Frontier Communications urged shareholders on Friday to vote for a $20 billion takeover bid from Verizon, saying that it had reviewed interest from other potential buyers and found the telecom giant’s proposal as the most favorable option. The fiber-optic internet provider said Verizon’s final offer presents “a superior value over all other potential…
(Reuters) -Intel said on Friday it would invest more than $28 billion to construct two new chip factories in Licking County, Ohio, as the company pushes ahead with plans to expand its foundry business. The chipmaker’s shares, which have slumped more than 55% this year, rose 1.4% in early trading. The initial phase of the…
By Arasu Kannagi Basil and Echo Wang (Reuters) -Ingram Micro notched a valuation of $6 billion after shares jumped 15% in their market debut on Thursday, signaling strong investor demand for one of the world’s largest technology distributors. U.S. initial public offerings have staged a comeback as investor sentiment improves and stock markets hover near…
By Ananya Mariam Rajesh, Waylon Cunningham (Reuters) -McDonald’s scrambled on Wednesday to contain the damage from an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others, as it pulled the menu item from restaurants across a dozen states. The outbreak has sickened people across the U.S….
Sentiment vs. Reality—Is Growth Costing Tesla More Than It’s Worth? Tesla’s Q3 2024 earnings call was filled with optimism, as Elon Musk and his leadership team focused on the long-term potential of the company’s Full Self-Driving (FSD) technology, AI innovations, and the upcoming Cybertruck. They painted a picture of Tesla’s future dominance, pushing the idea…
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter. The divestment of the popular hot-dog brand, which the sources said could fetch…
WASHINGTON (Reuters) – The World Bank will double its commitment for investments in agricultural financing and businesses to $9 billion a year by 2030, the lender’s president announced on Wednesday. “We’ve examined the challenges from every angle — how to increase food production, boost productivity, and resolve issues around water scarcity, fertilizers, infrastructure, and financing,”…
By Guy Faulconbridge MOSCOW (Reuters) – The idea of the BRICS group ever challenging the U.S. dollar is for the fairies as long as China and India remain so divided and refuse to cooperate on trade, the former Goldman Sachs economist who came up with the BRIC acronym told Reuters. Russian President Vladimir Putin is…
