Constellation Brands raised its annual profit target on Thursday after topping sales expectations for the second quarter, riding on higher prices and strong demand for its beers and spirits.
Conagra Brands on Thursday swung to a profit in the first quarter and maintained its annual targets as multiple rounds of price hikes and easing cost pressures helped offset a slowing demand for the packaged food maker’s products.
U.S. employers dialed back their planned job cuts in September, especially in the warehousing sector, but workforce reduction intentions were higher on a year-to-date basis amid continued cuts in the technology and retail industries, according to a report released on Thursday.
A key Senate Republican said Thursday he plans to support the White House nominee to head the Federal Aviation Administration (FAA) as the agency addresses a series of near-miss incidents and air traffic controller staffing shortages.
U.S. stock index futures fell on Thursday as Treasury yields held on to recent highs, while investors awaited more data to gauge the strength of the labor market.
German automaker Porsche and investor UP.Partners have launched Sensigo, a California-based startup using artificial intelligence to enable vehicle service technicians to diagnose, resolve and eventually predict repair issues.
Chicken prices at U.S. grocery stores have hit record highs and should stay elevated as Tyson Foods and other companies dial back poultry production to boost margins while inflation-weary shoppers buy chicken instead of beef and pork.
Puma’s fell as much as 9.6% on Thursday after analysts said the sportswear company’s third-quarter earnings might fall short of market expectations due to the impact of a stronger euro against the dollar compared with last year.
The United Auto Workers (UAW) and Ford Motor have narrowed their differences on pay increases after a new offer from the automaker amid “really active” talks, people familiar with the bargaining among the Detroit Three automakers and the union said on Wednesday.
Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024 in the latest push to curb the misuse of its hard currency reserves in financial crimes and the evasion of U.S. sanctions on Iran, a top Iraqi central bank official said.
