This week, three major companies are poised to release their third-quarter earnings: Netflix (NFLX), Bank of America (BAC), and Johnson & Johnson (JNJ). Each company, representing different sectors—technology, finance, and healthcare—is under market scrutiny for how they’ve weathered recent macroeconomic turbulence. In this editorial, we’ll explore each company’s expected earnings, their performance following prior earnings…
WASHINGTON (Reuters) – Donald Trump said on Friday that if he wins the Nov. 5 U.S. presidential election, he will allow the cost of home generators purchased in states hit by natural disasters between September 1, 2024, and August 31, 2025, to be tax deductible. “We are going to allow you, retroactive to September 1st,…
By Brad Brooks and Leonara LaPeter Anton ST. PETERSBURG, Florida (Reuters) – Hurricane Milton marched across Florida on Thursday, whipping up deadly tornadoes, destroying homes and knocking out power to more than 3 million customers, but the Tampa Bay metropolitan area appeared to have escaped without the catastrophic flooding that had been feared. Authorities were…
By Norihiko Shirouzu and Chris Kirkham (Reuters) – Tesla aims to stun investors Thursday night with its long-awaited “robotaxi unveil,” a potential milestone after a decade of Elon Musk’s unfulfilled promises to deliver self-driving vehicles. The automaker is widely expected to showcase a prototype called the “Cybercab” rather than a road-ready driverless taxi. Convincing regulators…
By Amina Niasse NEW YORK (Reuters) -CVS Health, UnitedHealth Group and Cigna have asked U.S. Federal Trade Commission chair Lina Khan and commissioners Rebecca Kelly Slaughter and Alvaro Bedoya to disqualify themselves from an FTC lawsuit that has accused the companies of unlawfully inflating insulin prices. The three companies own the country’s largest pharmacy benefit…
(Reuters) – OpenAI has seen a number of attempts where its AI models have been used to generate fake content, including long-form articles and social media comments, aimed at influencing elections, the ChatGPT maker said in a report on Wednesday. Cybercriminals are increasingly using AI tools, including ChatGPT, to aid in their malicious activities such…
By Carolyn Cohn and Noor Zainab Hussain LONDON (Reuters) -Hurricane Milton could result in losses of up $100 billion for the global insurance industry, creating a surge in 2025 reinsurance prices that could boost some insurance companies’ shares, analysts said on Wednesday. The Category 5 hurricane is expected to make landfall on the Gulf Coast…
By Jody Godoy and David Shepardson NEW YORK/WASHINGTON (Reuters) – TikTok faces new lawsuits filed by 13 U.S. states and the District of Columbia on Tuesday, accusing the popular social media platform of harming and failing to protect young people. The lawsuits filed separately in New York, California, the District of Columbia and 11 other…
By Iain Withers and Chibuike Oguh NEW YORK/LONDON (Reuters) – Global stocks fell on Thursday, weighed down by tepid trading in equity markets across the U.S. and other major regions, even as oil prices extended gains amid rising geopolitical tension from the Middle East conflict. Wall Street’s main indexes pared early gains and were trading…
By Doyinsola Oladipo NEW YORK (Reuters) -President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers, whose strike entered a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association union has blocked goods from food to…
