Business News

Oct 20 (Reuters) - Online trading platform Webull said on Tuesday it has partnered with prediction market operator Kalshi ​to offer perpetual futures to US ‌customers from November, starting with cryptocurrencies. Here are more details: • Perpetual fut...

Oct 20 (Reuters) - British bank NatWest's move to ask staff to work from office at least two days a week drew sharp criticism on Tuesday from union Unite, which raised ​concerns about costs to employees and disruptions to family ‌arrangements. The deci...

By Jasper Ward WASHINGTON, Oct 20 (Reuters) - Phoenix Tailings will build a commercial-scale rare earth processing facility worth $375 million in the city ​of Rochester, New York state's Governor Kathy ‌Hochul said on Tuesday. The United States is pour...

WASHINGTON, Oct 20 (Reuters) - Contracts to purchase previously owned US homes plunged to a record ​low in September as ‌rising mortgage rates depressed demand for housing. The pending home sales index tumbled 7.3% to 66.0 last month, the ‌lowest ​leve...

MILAN, Oct 20 (Reuters) - Ferrari CEO Benedetto Vigna on Tuesday praised Tesla's latest Roadster sports car presentation, saying the redesign showed the auto industry had room for ​daring innovation even in a mature market. With stunts, including ‌airb...

Oct 20 (Reuters) - Wall Street's main indexes opened ​lower on ‌Tuesday, dragged down by renewed weakness in AI-linked ‌stocks ​and ⁠a rebound in ⁠oil prices, while investors braced for major corporate ​earnings reports this ⁠week. The Dow ⁠Jones Indus...

Oct 20 (Reuters) - Amazon said on Tuesday it plans to hire more than 300,000 workers for the US holiday ​season, marking the first increase ‌in recruitment for the period in three years as the online retailer prepares for a surge in orders. Here are mo...

MADRID, Oct 20 (Reuters) - Waymo, Alphabet's autonomous driving unit, plans to launch a fully autonomous ride-hailing service in Spain's ​Madrid region in 2027, its first ‌deployment in the country, it said on Tuesday. • Electric Jaguar I-PACE vehicles...

By Indradip Ghosh BENGALURU, Oct 20 (Reuters) - The Federal Reserve will skip raising interest rates this month and deliver a hike in December, according to nearly all economists polled by Reuters, as policymakers signal patience even as stubborn infla...

Oct 20 (Reuters) - Novo Nordisk said on Tuesday its next-generation experimental drug, CagriSema, showed 25% weight loss on average in women with obesity or overweight, according to data analyzed ​after the completion of a late-stage study. CagriSema, ...

WASHINGTON, Oct 20 (Reuters) - US single-family homebuilding and permits for future construction fell sharply in September as higher mortgage rates suppressed demand, suggesting residential investment resumed its declining ​trend in the third quarter. ...

By Steven Scheer JERUSALEM, Oct 20 (Reuters) - Israel's central bank is expected to hold the line on short-term interest rates on Wednesday after three successive reductions, as policymakers will likely pause ahead of next week's election despite stabl...

BEIJING, Oct 20 (Reuters) - Net profit growth at China's CATL slowed sharply in the third quarter, hit by fierce competition in the electric vehicle battery market ​as China's auto sales growth cooled. • Net profit ‌at the world's largest EV battery ma...

Oct 20 (Reuters) - Hilton Worldwide plans to transfer its stock listing from the NYSE to ​Nasdaq, the hotel operator said ‌on Tuesday, as companies increasingly view the tech-heavy exchange as a way to boost visibility among growth-focused investors. H...

Oct 20 (Reuters) - Salesforce said on Tuesday it would acquire Braze in a deal valued at about $5.66 billion, eyeing the New ​York-based company's AI-driven personalization tools to strengthen ‌its business software offerings. The deal is the latest be...

Oct 20 (Reuters) - Kroger said it would focus on its core grocery business under CEO Greg Foran's first plan shared with ​investors on Tuesday, as the company tries ‌to claw back ground from bigger rivals amid weak consumer spending. Here are some deta...

LONDON, Oct 20 (Reuters) - Britain's opposition Conservative Party called on the Labour government to cut spending and borrowing at next week's budget, as leader Kemi Badenoch set out her party's approach ​to the economy in an effort to win back voters...

Oct 20 (Reuters) - RTX raised its full-year profit and revenue forecasts on Tuesday as sustained demand for commercial aerospace services and military ​programs pushed its backlog to a record $340 ‌billion and lifted third-quarter results. Shares of th...

Oct 20 (Reuters) - Prudential Financial said on Tuesday it would sell its Brazil and Mexico units to French insurance group ​CNP Assurances Group for $4.03 billion in ‌cash as part of its ongoing push to simplify its business. The deal adds momentum to...

Oct 20 (Reuters) - Industrial conglomerate 3M lifted its full-year profit forecast on Tuesday after cost-control initiatives and higher prices supported margins, while its ​safety and industrial business remained resilient. The company now ‌expects ful...