Posted inStock
Evercore ISI sees S&P 500 at 6,600 by mid-2025
NEW YORK (Reuters) – Evercore ISI on Wednesday forecast the S&P 500 will rise to 6,600 by mid-2025, saying a “decisive and uncontested” win by Donald Trump as U.S. president…
Posted inEconomy
Match forecasts lackluster revenue as Tinder turnaround takes longer
By Jaspreet Singh (Reuters) -Match Group projected fourth-quarter revenue below Wall Street estimates on Wednesday, signaling that a turnaround of its dating apps including Tinder would take longer and sending…
Posted inEconomy
Japan inflation-adjusted wages slip in Sept as price rises offset pay growth
TOKYO (Reuters) – Japan’s inflation-adjusted wages fell for the second straight month in September, government data showed on Thursday, underlining the negative effect of persistently elevated prices on nominal pay.…
Posted inEconomy
South Korea says it will work to minimise any adverse trade impact after US election
SEOUL (Reuters) – South Korea’s finance minister said on Thursday its government would work to minimise any adverse impact expected from changing U.S. trade policies by closely discussing the issue…
Posted inEconomy
Beyond Meat trims upper end of annual revenue forecast on weak faux meat demand
By Anuja Bharat Mistry (Reuters) -Beyond Meat cut the top end of its annual revenue forecast on Wednesday, as cost-conscious consumers reined in spending on its expensive faux meat products…
Posted inEconomy
Take-Two beats quarterly results estimates on healthy gamer spending
By Zaheer Kachwala (Reuters) -Take-Two Interactive Software (ETR:SOWGn) beat Wall Street expectations for second-quarter bookings and profit on Wednesday, boosted by the strong performance of the “Grand Theft Auto” and…
Posted inEconomy
Half of Japan firms target wage hike of 3% or more for 2025, Reuters survey shows
TOKYO (Reuters) – Slightly more than half of Japanese firms are looking to raise wages by 3% or more for the next business year, a Reuters survey showed, but a…
Posted inEconomy
RBA says inflation implications of US election on Australia hard to judge
SYDNEY (Reuters) – Australia’s top central banker said on Thursday it was hard to judge the inflation implications of the U.S. election for Australia at this stage, but policymakers would…
Posted inEconomy
Canada orders shutdown of TikTok’s Canadian business, app access to continue
By Ismail Shakil (Reuters) -Canada on Wednesday ordered Chinese-owned TikTok’s business in the country to be dissolved, citing national-security risks, but added the government was not blocking Canadians’ access to…
Posted inStock
MercadoLibre earnings missed by $2.74, revenue topped estimates
Investing.com – MercadoLibre (NASDAQ: MELI) reported third quarter EPS of $7.83, $2.74 worse than the analyst estimate of $10.57. Revenue for the quarter came in at $5.31B versus the consensus…