Pfizer slashes revenue forecast on lower COVID sales, will cut costs
By Michael Erman (Reuters) -Pfizer on Friday slashed its full-year revenue forecast by 13% and said it will cut $3.5…
October 2023
Gold set to mark best week in 7 months as markets price in end of Fed hikes
Oct 13 (Reuters) – Gold prices rose on Friday, set to mark their best week since mid-March as U.S. bond…
Oil surges nearly 6% after Israel begins ground raids into Gaza
By Stephanie Kelly NEW YORK (Reuters) -Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain…
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
By Manya Saini and Tatiana Bautzer NEW YORK (Reuters) -Citigroup’s third-quarter profit beat estimates on Friday as it benefited from…
JPMorgan profit beats estimates on record interest income, First Republic purchase
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat expectations for third-quarter profit on Friday as rising borrowing costs…
BlackRock signals M&A hunger after sharp drop in inflows
By Jaiveer Shekhawat and David Randall (Reuters) -A sharp drop in net inflows took shares of BlackRock down around 1%…
US proposes $270,000 fine for joint venture GM battery plant
By David Shepardson WASHINGTON (Reuters) -U.S. investigators on Thursday proposed $270,000 in fines for a General Motors and LG Energy…
JPMorgan chief Dimon warns of ‘ripple effects’ from Middle East violence
(Reuters) – The conflict in the Middle East will have “ripple effects that extend far beyond the region”, JPMorgan Chase’s…
Bets on Fed December rate hike rise after inflation data
(Reuters) – Traders see a stronger chance the Federal Reserve will end up delivering another interest-rate hike this year, and…
Five things to know about the Google antitrust trial as it hits halfway mark
By Diane Bartz WASHINGTON (Reuters) – The U.S. government is near the halfway mark in its court battle with Alphabet’s…