PBF Energy reported a larger-than-expected loss in the third quarter, attributing it to weak fuel demand and shrinking refining margins. This trend is being seen globally, with refiners facing challenges due to soft consumer and industrial demand, particularly in China. Despite the difficult market conditions, larger competitors like Phillips 66 and Valero Energy also experienced … Read more
North Korea announced on Thursday that it had conducted a test of an intercontinental ballistic missile, describing it as the “world’s most powerful strategic weapon.” The country’s leader, Kim Jong Un, was present for the test and stated that it was a warning to those who have been threatening North Korea’s security. The test has … Read more
Meta Platforms, the parent company of Facebook, has issued a warning about the significant increase in expenses related to artificial intelligence infrastructure next year. Despite this, the company managed to surpass analysts’ expectations for both revenue and profit in the third quarter. The results have left investors unsure about whether the revenue generated from digital … Read more
Argentina’s President Javier Milei made the decision to replace Foreign Affairs Minister Diana Mondino after she voted in favor of lifting the U.S. embargo against Cuba at the United Nations. Milei, a libertarian who assumed office in late 2023, has a pro-United States stance and has been distancing Argentina from leftist trade partners such as … Read more
By Savyata Mishra (Reuters) – Kraft Heinz (NASDAQ:) adjusted its annual forecasts for organic sales and profit on Wednesday due to repeated price hikes impacting demand for the company’s branded products such as Lunchables meal kits and Oscar Mayer cold cuts. Shares of the company fell more than 3% before the market opened, as it … Read more
South Korea’s export growth is expected to have slowed for a third consecutive month in October, according to a Reuters poll. The slowdown is attributed to cooling global demand for computer chips. Outbound shipments from the country are forecasted to have risen by 6.9% in October compared to the previous year. This marks the 13th … Read more
By Jeff Mason, Arlene Eiras and Steve Holland WASHINGTON (Reuters) – Democrat Kamala Harris cautioned a massive crowd in Washington at her largest rally ever that her Republican opponent Donald Trump was aiming for unchecked power as their race for the presidency neared its final week. Harris addressed an outdoor rally on Tuesday evening that … Read more
Caesars Entertainment surprised investors with a third-quarter loss, falling short of market expectations. The company attributed the poor results to new competition and disruptions caused by construction in regional markets. Following the news, Caesars’ shares dropped by 4% in after-hours trading. Instead of the expected profit of 12 cents per share, Caesars reported a loss … Read more
Heavy rains caused by a cold front sweeping across southeastern Spain led to flooding in various areas on Tuesday, prompting authorities to advise citizens to stay home and avoid unnecessary travel. Spain’s state weather agency, AEMET, issued a red alert in the eastern Valencia region and the second-highest level of alert in parts of Andalusia … Read more
“ (Reuters) – Slovak Prime Minister Robert Fico will visit China from Oct. 30 to Nov. 5 to meet its leaders and foster closer bilateral and economic ties, his government said on Tuesday, as Slovakia aims to build alliances outside its European Union and NATO partners. Fico will meet Chinese President Xi Jinping, Prime Minister … Read more