Conagra Brands forecast annual revenue below estimates on Thursday, as cash-strapped shoppers turned to cheaper alternatives for their at-home meals as high living costs continued to weigh on sales volumes.
Several high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday, as talent follows assets swapping hands and as trading houses ramp up bonuses.
A Goldman Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in fixed-income financing. Now, the Wall Street bank is pushing even deeper into the growing but risky market.
Volkswagen has secured production of solid-state batteries developed with U.S. startup QuantumScape , both companies said on Thursday, as the German carmaker aims to bring the technology into more vehicles.
Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea’s chipmakers, betting a new wave of demand for high-end memory chips and government spending makes them more valuable.
Delta Air Lines forecast lower profits in the third quarter than analysts had expected, with the carrier citing discounting pressure in the low end of the market, sending the company’s shares down about 10% before the bell on Thursday.
Apple will open its tap-and-go mobile payments system to rivals, EU antitrust regulator said on Thursday, even as its chief Margrethe Vestager said the iPhone maker has yet to change its business practices to comply with landmark tech rules.
U.S. index futures slipped on Thursday on expectations that a key inflation print could shape rate-cuts bets and put Wall Street’s record-breaking run to the test, while Delta Air Lines slumped after a weak forecast, dragging other airline stocks.
Copper output at Chile state mining giant Codelco is still slumping after hitting a 25-year low last year, squeezing an already tight global market for the red metal that is in growing demand for electric vehicles and the green energy revolution.
