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BUSINESS2d agoIndia’s IDBI Bank falls 7% as government announces $5.5 billion stake sale to Canada's FairfaxThe Indian government has been divesting its stake in several state-owned companies this year as it tries to keep its growth engine running amid deepening fiscal pressures.CNBC
BUSINESS2d agoEquity Bancshares Non-GAAP EPS of $1.40 beats by $0.14, revenue of $83.74M misses by $6.98MEquity Bancshares announced non-GAAP earnings per share of $1.40, surpassing estimates, but its revenue of $83.74 million fell short of projections. This details the company's mixed financial performance.Seeking Alpha Tech
BUSINESS2d agoEducational Development GAAP EPS of -$0.19, revenue of $4.1MEducational Development reported a GAAP EPS of -$0.19 and revenue of $4.1 million. This provides an update on the company's recent financial performance.Seeking Alpha Tech
BUSINESS2d agoHome BancShares Non-GAAP EPS of $0.65 in-line, revenue of $288.4M misses by $7.11MHome BancShares reported non-GAAP EPS of $0.65, which was in-line with expectations, while its revenue of $288.4M missed estimates.Seeking Alpha Tech
BUSINESS2d agoIs the K-shaped economy really more of an E?America remains a very unequal place, but on many metrics inequality is not increasingFinancial Times
BUSINESS2d agoIt's official | The IRS confirms that people with these jobs will deduct up to $25,000 from their annual federal taxes with Form W-2 if they meet these requirements.It covers more than 70 occupations that include extra payments in addition to salary. The benefit also covers certain self-employed workers.Clarín
BUSINESSBREAKING2d agoPower prices top $1,000 on PJM as DoE issues emergency order to prevent blackoutsSeeking Alpha Tech
BUSINESS2d agoCleveland-Cliffs could be forced to sell Canadian assets if layoffs proceed, minister warnsA minister has warned Cleveland-Cliffs that it could be compelled to sell its Canadian assets if planned layoffs proceed. This indicates potential government intervention and significant implications for the company's operations in Canada.Seeking Alpha Tech
BUSINESS2d agoSurging gasoline prices accounted for more than half of last month's jump in U.S. inflationSurging gasoline prices were responsible for over half of the previous month's increase in US inflation. This highlights a key factor driving economic changes and consumer costs.Seeking Alpha Tech
BUSINESS2d agoThe Crisis Playbook for Universities in TroubleSchools under scrutiny as Cornell is often follow a sort of public relations playbook, adding rules, hiring outside investigators and sometimes making leadership changes.NYT US
BUSINESS2d agoOfficial and confirmed | The cheap flight takes off: New Jersey airport launches a new airline with fares starting at $59Los trayectos se realizan con aviones Airbus A220-300, con capacidad para 137 pasajeros.Con esta, ya son tres las compañías que utilizan la terminal de Trenton-Mercer.Clarín
BUSINESS2d agoGasoline in the U.S. exceeds four dollars per gallon for a record 158 daysEl costo del combustible en EE.UU. alcanza niveles récord, con la gasolina superando los 4 dólares por galón, afectando la inflación y el consumo.La escalada de precios, impulsada por conflictos internacionales, representa un reto político para la administración actual en vísperas electorales.Clarín
BUSINESS2d agoEdison wins dismissal of some key claims in Palisades Fire lawsuitEdison has secured the dismissal of some significant claims in a lawsuit concerning the Palisades Fire. This indicates a development in legal proceedings related to the fire.Seeking Alpha Tech
BUSINESS2d agoAverage diesel price likely to break all-time record in October, petroleum analyst saysInflation rose in September to 3.7%, according to the latest Consumer Price Index, three weeks before the midterm elections. The increase is largely driven by energy costs. Patrick De Haan, head of petroleum analysis at GasBuddy, joins CBS News to discuss.CBS News
BUSINESS2d agoData center builder offers Kansas town residents $10,000Digital Realty is offering utility and property tax credits to residents of De Soto, Kansas, in a bid to win public support for a data center facility.CBS News
BUSINESS2d agoThe IMF casts doubt on Mexico’s chances of cracking the top 10 of world economies by 2030President Sheinbaum's economic policy blueprint, Plan México, envisions returning Mexico to being one of the world's 10 strongest economies. The International Monetary Fund has just issued a reminder that it won't be easy. The post The IMF casts doubt on Mexico’s chances of cracking the top 10 of world economies by 2030 appeared first on Mexico News DailyMexico News Daily
BUSINESS2d agoAnthropic revenue jumps to $16.8bn in third quarterRapid growth is slower than some anticipated as fears about AI trade rattle marketsFinancial Times
BUSINESS2d agoU.S. crude stockpiles fell 11.1M barrels last week, API saysU.S. crude stockpiles reportedly decreased by 11.1 million barrels last week, according to the American Petroleum Institute. This significant drop in reserves could influence global oil market dynamics.Seeking Alpha Tech
BUSINESS2d agoLockheed Martin plans 6K U.S. jobs in $300M Texas expansionLockheed Martin is planning a significant expansion in Texas, involving substantial investment and the creation of thousands of new jobs. This signals a major corporate development with economic impact.Seeking Alpha Tech
BUSINESS2d agoBank of America expects 2027 NII to rise 8% or more as it embeds $1.2B regulatory settlement costsBank of America projects its Net Interest Income (NII) will increase by 8% or more by 2027, despite accounting for $1.2 billion in regulatory settlement costs. This indicates the bank's financial outlook for growth even with significant expenses.Seeking Alpha Tech
BUSINESS2d agoGold and silver sink as U.S. inflation data tops expectations, boosting Fed rate hike betsThe prices of gold and silver have fallen after U.S. inflation data exceeded expectations, increasing bets on potential Federal Reserve rate hikes. This reflects a reaction in global commodity markets to economic indicators.Seeking Alpha Tech
BUSINESS2d agoWall Street has its worst day since July due to inflation rebound in the USUS stocks suffered their worst drop since July, pressured by rising inflation and bond yields. The S&P 500 fell 1.1%, Nasdaq 1.9%. Rising crude prices and economic concerns boosted bond yields. AI and tech companies led.Clarín
BUSINESS2d agoGlobalFoundries to open 2 new chip plants in New York with $21 billion in financing from JapanComputer chip company GlobalFoundries Inc said Wednesday it plans to open two factories in Malta, New York, financed by an investment of up to $21 billion from Japan.…Japan Today
BUSINESS2d agoDow closes in the red after report finds inflation rose in SeptemberInflation jumped 3.7% in September from a year ago, driven by higher energy costs, according to a government report released Wednesday. CBS News business contributor Javier David joins with analysis.CBS News
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