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Foreign holdings of US Treasuries in August hit highest since December 2021 -data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Foreign holdings of U.S. Treasuries in August rose to their largest level since December 2021, data from the Treasury Department showed on Wednesday, r...
Oct 18, 2023
Music publishers sue AI company Anthropic over song lyrics
By Blake Brittain (Reuters) - Music publishers Universal Music, ABKCO and Concord Publishing sued artificial intelligence company Anthropic in Tennessee federal court on Wednesday, accusing it of misu...
Oct 18, 2023
Discover Financial misses profit estimates on higher bad loan provision
(Reuters) - Discover Financial Services fell short of analysts' estimates for third-quarter profit on Wednesday, as it set aside more rainy-day funds to cover potential loan defaults. The U.S. Federal...
Oct 18, 2023
Lam forecasts revenue below estimate as chip industry faces weak demand
(Reuters) - Chip-making tools supplier Lam Research forecast second-quarter revenue slightly below Wall Street estimates on Wednesday, as demand from chipmakers remained under pressure due to sluggish...
Oct 18, 2023
Reality check, as Country Garden sells down a barely started Australia project
By Byron Kaye WILTON, Australia (Reuters) - Four years after Chinese property giant Country Garden launched a A$2 billion ($1.27 billion) development of 3,600 homes an hour's drive southwest of Sydney...
Oct 18, 2023
PPG Industries beats quarterly profit estimates, raises FY earnings forecast
(Reuters) - PPG Industries on Wednesday beat Wall Street estimates for third-quarter profit and raised its full-year earnings outlook, as high sales volumes in the automotive and aerospace sector help...
Oct 18, 2023
Sam Bankman-Fried trial jury sees his profane message about regulators
(Note language in paragraph 5 that readers may find offensive) By Luc Cohen NEW YORK (Reuters) - A U.S. judge on Wednesday overruled objections by Sam Bankman-Fried's lawyers and allowed jurors in the...
Oct 18, 2023
US regional banks earn more on loans but warn on rising deposit costs
By Chibuike Oguh NEW YORK (Reuters) - Several U.S. regional banks beat analysts third-quarter profit expectations on Wednesday as higher interest rates allowed them to charge more for loans, although ...
Oct 18, 2023
Costco taps operation chief Vachris as next CEO
(Reuters) - Costco Wholesale said on Wednesday CEO Craig Jelinek would step down from his role by the end of the year and would be succeeded by operations head Ron Vachris. The membership-only retaile...
Oct 18, 2023
Las Vegas Sands beats Wall Street estimates on ongoing tourism recovery in Macau
(Reuters) - Las Vegas Sands Corp reported better-than-expected profit and revenue for the third quarter on Wednesday, as ongoing ramp up of outbound tourism to Macau and Singapore spurred gaming volum...
Oct 18, 2023
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