November 12, 20240 Comments

Home Depot raises annual same-store sales forecast By Reuters

(Reuters) -Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations. The top U.S. home improvement retailer’s shares, up 18% this year, rose 2% in premarket trading as it posted a smaller-than-expected drop in third-quarter comparable sales. “As weather normalized, we saw better engagement across seasonal goods and certain outdoor projects as

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November 11, 20240 Comments

Singapore’s Grab raises annual revenue forecast, shares jump By Reuters

(Reuters) – Singapore’s Grab Holdings (NASDAQ:) raised its forecast for fiscal 2024 revenue on Monday, as it anticipates robust growth in its food delivery and ride-hailing businesses. U.S.-listed shares of the company rose 9% in extended trading. The company expects revenue in the range of $2.76 billion to $2.78 billion, compared with its prior projection of between $2.70 billion and $2.75 billion. Its mainstay food delivery business has been recovering

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November 11, 20240 Comments

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Russia’s central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high

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November 10, 20240 Comments

Boeing machinists end strike, approve labor contract with 38% raises

Boeing machinists approved a new labor deal Monday, ending a costly seven-week strike that halted most of the company’s aircraft production, worsening its mounting losses. Machinists voted 59% in favor of the new contract, which includes 38% wage increases over four years and other improvements. The approval is a relief for Boeing’s new CEO, Kelly Ortberg, who took the top job in August to steer the company through its safety

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