OPEC on Thursday stuck to its forecast for relatively strong growth in global oil demand in 2023 in 2024, citing signs of a resilient world economy so far this year and expected further demand gains in China.
Walgreens Boots Alliance on Thursday forecast financial year 2024 profit below estimates after the pharmacy operator missed Wall Street’s expectations for quarterly earnings due to lower consumer spending and a sharp drop in sales of COVID-19 tests and vaccines.
China is still a key growth market for budget furniture retailer IKEA despite the world’s second-largest economy showing signs of strain, executives at the biggest IKEA store owner said on Thursday.
Delta Air Lines on Thursday reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs.
There is no pressing need for the Bank of Japan to alter its yield control settings as it has room left for manouevre before the 10-year bond yield hits its ceiling, a central bank board member said on Thursday, brushing aside market speculation.
Large, established asset managers that have been slow to cash in on investor demand for exchange-traded funds are now trying to grab a slice of the market with a flurry of new ETFs and also by converting existing mutual funds into ETFs.
Sam Bankman-Fried’s confidant Caroline Ellison will take the stand again at the FTX founder’s trial on Thursday, where she could face questions about why she cooperated with prosecutors against her former boss and romantic partner.
The United Auto Workers (UAW) snap strike on Wednesday at Ford’s largest and most profitable factory is raising pressure on Stellantis NV and General Motors as negotiators are expected to resume contract talks on Thursday.
Goldman Sachs appears headed to another set of weak quarterly earnings as deal-making lags and the bank retreats from a loss-making consumer business. Goldman is expected to report third-quarter earnings per share (EPS) of $5.31 when it reports results on Tuesday, according to average estimates compiled by LSEG. That would reflect a 36% decline from its EPS of $8.25 a year earlier.
Domino’s Pizza on Thursday missed market expectations for its quarterly revenue, as higher menu prices and delivery charges discouraged inflation-weary consumers from ordering at the restaurant.
