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WK Kellogg forecasts upbeat 2025 profit on cost cut efforts

(Reuters) - WK Kellogg forecast annual profit above expectations on Tuesday and reported better-than-expected earnings as the breakfast cereal maker's efforts to clamp down on costs boosted its margins. Shares of the company, which makes Froot Loops and Frosted Flakes cereals, rose about 4% in premarket trading. Battle Creek, Michigan-based WK Kellogg had announced a reorganization plan in

2025-02-11T14:51:36Z

Carrefour makes proposal to take Brazilian unit private

SAO PAULO (Reuters) - French grocer Carrefour SA sent to its management a proposal to take its Brazilian unit Atacadao SA, known as Carrefour Brasil, private, the Brazilian company said in a securities filling on Tuesday. Under the proposal, Carrefour Brasil's shareholders could chose to receive shares, cash or both for its shares, according to the filing. (Reporting by Andre Romani;

2025-02-11T19:21:39Z

Social Security: This Is the Average Payment in Every State

Living on just Social Security can be financially challenging, but many retirees and people with disabilities do it every day. They budget carefully, find clever ways to save money and enroll in...

2023-07-10T11:09:33Z

Celebrate Your Anniversary With These Restaurant Freebies and Deals

Special days call for special treats and freebies at these popular chains.

2025-02-11T17:47:49Z

7 Ways the New Congress Wants to Transform Health Care as We Know It

These changes would affect the Medicare program as well as Affordable Care Act insurance coverage.

2025-02-11T22:32:51Z

25 Most Expensive Cities To Live in Florida

You may be familiar with some Florida cities with the cost of living on the cheaper end but how well do you know The Sunshine State's most expensive cities? Discover More: 10 Airline Rewards Programs...

2024-03-14T16:25:19Z

30 High-Paying Remote Jobs With $100,000 (or Higher) Salaries

Earn top dollar — all while working remotely — with these positions.

2025-02-11T17:47:49Z

Archer Aviation raises $300 million in BlackRock-backed funding

(Reuters) - Air-taxi maker Archer Aviation said on Tuesday it has raised $300 million in a funding round that consisted of institutional investors including accounts managed by BlackRock. Archer expects the capital raise to help it accelerate the development of its hybrid aircraft platform and further reinforce its balance sheet. "We are raising additional capital to help us invest in critical

2025-02-11T15:51:25Z

10 Best New Dollar Tree Arrivals for Your Money in February

Spring is already in full swing at Dollar Tree. While the weather outside may take a few more months to warm up across most of the United States, the discount retailer has plenty of new spring-themed...

2025-02-01T12:09:40Z

Second top agency warns of Trump threat to World Bank's triple-A rating

LONDON (Reuters) - Fitch has become the second top rating agency to warn that the prized triple-A credit scores of the World Bank and other top multilateral lenders will be hit if Donald Trump withdraws U.S. support for them. The U.S. president signed an Executive Order last week for a six-month review of government support to all international intergovernmental organisations to decide whether it

2025-02-11T13:41:21Z

South Korean court clears HSBC of violating short-selling rules

SEOUL (Reuters) - A South Korean court on Tuesday acquitted HSBC on charges of violating the country's short-selling rules, a court official said. The Hong Kong unit of the bank was charged with illegal short-selling worth nearly 16 billion won ($11.01 million) by the prosecution, the Yonhap news agency reported. The Seoul Southern District Court had ruled that there was no evidence that HSBC

2025-02-11T08:41:05Z

11 Video Games That Sharpen Your Brain—and May Help You Make Smarter Money Moves

These interactive experiences do more than entertain—they challenge your thinking, sharpen problem-solving skills, and could even boost your financial savvy. Ready to see which ones can level up your money mindset?

2025-02-11T15:32:38Z

Europe looks to embrace AI at Paris summit's 2nd day while global consensus unclear

By Jeffrey Dastin and Elizabeth Howcroft (Reuters) - World leaders gathered on Tuesday for the second day and plenary session of the Paris summit on artificial intelligence, as U.S. willingness to sign onto a statement championing sustainable AI remained in question. Hours after President Emmanuel Macron declared France was in the AI race and Europe was eager for business, representatives of

2025-02-11T04:05:57Z

Binance, SEC request pause in legal battle as Trump's crypto policy takes shape

(Reuters) - Binance and the U.S. Securities and Exchange Commission have jointly asked a court for a 60-day stay on the regulator's lawsuit against the crypto exchange, citing the potential impact of a newly launched task force. In a court filing dated Monday, the parties said the task force, formed last month to work on crypto regulations, may "impact and facilitate the potential resolution of

2025-02-11T12:36:16Z

Credit Card Rewards Tricks Every Couple Should Know

Rewards points are good. What's better? Maximizing those perks by working together.

2025-02-11T21:32:41Z

OpenAI's Altman says Musk offer is tactic 'to try to mess with us'

PARIS (Reuters) - The nonprofit that controls OpenAI is not for sale, OpenAI CEO Sam Altman told Reuters when asked to comment about Elon Musk's offer to buy it. "I have nothing to say. I mean, it's ridiculous," Altman said in the margins of an AI summit in Paris. "The company is not for sale. It's another one of his tactics to try to mess with us," he said, speaking about Musk. (Reporting by

2025-02-11T16:56:38Z

Mexico questions Trump's 'unfair' steel tariffs, highlights trade deficit

By Brendan O'Boyle MEXICO CITY (Reuters) -Mexico's government on Tuesday questioned the fairness of a 25% tariff ordered by U.S. President Donald Trump on its steel and aluminum imports, saying that Mexico buys more steel from the U.S. than it exports to its northern neighbor. Mexican Economy Minister Marcelo Ebrard said the tariffs were unfair and unjustified because the U.S. runs a steel and

2025-02-11T22:56:51Z

S&P Global forecasts annual profit above estimates on strong demand for its offerings

(Reuters) - S&P Global on Tuesday forecast 2025 adjusted earnings per share above Wall Street estimates, as the financial information company anticipated increasing demand for its data and analytics offerings amid macroeconomic uncertainty. Demand for market analytical tools has risen as investors try to capture alpha in a post-U.S. election market rally over anticipation of deregulation and tax

2025-02-11T13:41:16Z

5 Best and 5 Worst States for Tax Competitiveness

For over 20 years, the Tax Foundation's State Competitiveness Index has assessed the overall competitiveness of each of the 50 states by analyzing their individual tax codes and the complications therein. Doing so allows politicians, taxpayers and policymakers to compare the tax systems across America, guage how they compare and thus find paths to improvement for all.

2025-02-11T15:28:44Z

CNBC Daily Open: Enthusiasm over Trump and AI appears to be waning

Though artificial intelligence and Trump are still the main characters of the stock market, they are steering it in a direction different from December.

2025-02-10T07:30:23Z

China's CATL files for at least $5 billion Hong Kong listing

By Scott Murdoch SYDNEY (Reuters) -Chinese battery giant CATL has started the process to list in Hong Kong by lodging its filings with regulators in a deal that is expected to raise at least $5 billion, according to two sources with direct knowledge of the matter. The biggest battery maker in the world filed an application to list on the Hong Kong Stock Exchange on Tuesday, saying part of the

2025-02-11T22:56:52Z

Carrier profit beats estimates on demand for cooling systems

(Reuters) - Carrier Global on Tuesday reported a better-than-expected fourth-quarter profit, benefiting from demand for its heating, ventilating and air conditioning products and aftermarket repair services. Shares of the company were up 3.5% at $68.5 in premarket trading. Rising temperatures and air pollution have increased demand for air conditioners and purifiers globally, with last year

2025-02-11T12:36:15Z

5 Best Expensive-Looking Items You Can Buy at Sam’s Club

Sam's Club is filled with low-priced items, but many don't actually look affordable. When checking the price tag on these products, you'll likely face sticker shock in the best possible way. Many...

2024-02-13T20:03:33Z

DuPont raises 2025 profit forecast on strong electronics demand

(Reuters) - DuPont de Nemours raised its 2025 profit forecast and beat fourth-quarter earnings estimates on Tuesday, as the industrial materials maker benefited from strong demand for electronics and a recovery in its water and protection segment. Improvement in U.S. manufacturing activity and a growing market for semiconductors used in artificial intelligence-based technology boosted profit for

2025-02-11T11:36:09Z

11 Most Expensive Super Bowl Commercials of All Time

At a cost of $8 million on average for a 30-second ad airing during Super Bowl LIX, according to CBS MoneyWatch, commercials for the annual "Big Game" just keep getting more and more expensive. But...

2023-02-08T14:03:40Z

10 Mnemonics Used by Financial Advisors—and a New One for SMASHing Your Money Goals

Proven strategies make money management easier. These techniques can help you save more, invest wisely, and build lasting wealth.

2025-02-11T15:32:47Z

US 25% steel tariffs would stack on other levies on Canada, White House official says

By Jarrett Renshaw and Jasper Ward WASHINGTON (Reuters) - U.S. President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff, a White House official said on Tuesday. Canada has not been told about the stacking of the tariffs, a government source told Reuters, adding that it "sounds plausible."

2025-02-12T00:06:49Z

29 Items That Hike Up Your Electricity Bill

Hold on to your wallet. Due to inflation and volatile fuel prices, you'll see a significant rise in your utility bills. If you have opened your electric bill only to be shocked by the amount owed,...

2021-11-19T13:41:32Z

U.S. tariffs and interest rate uncertainties make 2025 a "choppy year": DBS CEO Piyush Gupta

Gupta's comments come as Southeast Asia's largest bank by assets posted a solid showing in its full year results, with net profit reaching a record high.

2025-02-10T08:10:22Z

UK's Ashtead Group to seek shareholder approval to list in New York

(Reuters) - British equipment rental firm Ashtead Group said on Tuesday that it would seek shareholder approval to move ahead with its plan to relocate its primary listing to the United States and form a new U.S. parent company. The London-based company plans to hold an extraordinary general meeting in June, where it will need the support of at least 75% of voting shareholders to proceed. If

2025-02-11T11:36:10Z

Australia's Macquarie joins major US banks in exiting global climate coalition

(Reuters) - Australia's Macquarie Group said on Tuesday it is exiting the Net Zero Banking Alliance (NZBA), a group of global banks aiming to align their operations with net-zero greenhouse gas emissions by 2050. The investment bank follows six major U.S. banks - Goldman Sachs, Wells Fargo, Citigroup, Bank of America, Morgan Stanley and JPMorgan - which left the alliance over the last few months.

2025-02-11T07:45:56Z

First Quantum's final hearings on Cobre Panama copper mine moved to 2026

(Reuters) -Canada's First Quantum said on Tuesday the final hearing for the Cobre Panama mine under the International Chamber of Commerce proceedings has been moved to February 2026 from September of the current year. The mine, one of the world's top sources of copper, was shut down in November 2023, hours after Panama's Supreme Court declared its contract unconstitutional. The decision to close

2025-02-11T22:56:47Z

Vance tells Europeans that heavy regulation could kill AI

By Jeffrey Dastin and Ingrid Melander PARIS (Reuters) -U.S. Vice President JD Vance told Europeans on Tuesday their "massive" regulations on artificial intelligence could strangle the technology, and rejected content moderation as "authoritarian censorship". In another sign of divergence on AI governance, the United States and Britain did not sign up to the final statement of a French-hosted AI

2025-02-11T16:56:38Z

Gucci sales slump continues as Kering seeks new designer

PARIS (Reuters) - French luxury group Kering reported a 12% drop in fourth quarter sales on Tuesday, dragged lower by its Italian brand Gucci. The French conglomerate, which sacked Gucci designer Sabato de Sarno last week as part of its efforts to revive the label, said sales over the last three months of the year were 4.39 billion euros ($4.52 billion), down 12% on a comparable basis, in line

2025-02-11T06:51:03Z

BP promises fundamental reset as Q4 profit hit four-year low

By Arunima Kumar (Reuters) - BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake. BP joins other oil majors that have experienced a decline in earnings throughout 2024, following record earnings in the

2025-02-11T08:41:06Z

20 Genius Things Mark Cuban Says To Do With Your Money

You have likely heard this billionaire's name, but who is Mark Cuban and how did he make his money? It's possible you know him as one of the sharks on the hit show "Shark Tank," but Cuban is more than...

2021-11-23T23:58:11Z

Marriott's full-year forecast dampened by China slowdown

(Reuters) - Hotel operator Marriott International forecast slower net room growth and 2025 profit below Wall Street estimates on Tuesday, hurt by poor performance at its hotels in Greater China. Marriott forecast a full-year adjusted profit of $9.82 to $10.19 per share, below analysts' expectations of $10.65 per share, according to data compiled by LSEG. Domestic travel demand in China has

2025-02-11T13:41:17Z

Gucci sales slump continues as market awaits turnaround

By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) - Luxury group Kering said its return to growth will take time after its embattled star label Gucci posted another quarter of weak sales and has yet to name a new chief designer to galvanise the Italian brand. Shares in Kering jumped in early trade on Tuesday, before paring gains, as the market briefly seized on hopes the company had reached

2025-02-11T14:46:24Z

Shares in Gucci-owner Kering rise on turnaround hopes

By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) -Luxury group Kering's fourth quarter sales were hit by a continued slump at its main brand Gucci, it said on Tuesday, but a slight improvement in the group's performance in major markets China and the United States buoyed investors. Shares in the French group jumped 5% in early trade as investors seized on hopes the company had reached an

2025-02-11T12:36:18Z

Wall St opens lower with Powell's testimony on tap

(Reuters) - Wall Street's main indexes opened lower on Tuesday, as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on tariffs and their impact on inflation in the world's biggest economy. The Dow Jones Industrial Average fell 69.0 points, or 0.16%, at the open to 44,401.38. The S&P 500 fell 17.1 points, or 0.28%, at the open to 6,049.32​, while the Nasdaq

2025-02-11T14:46:22Z

JPMorgan sees investment banking fees rising by mid-teens percentage in 1Q

By Nupur Anand and Niket Nishant NEW YORK (Reuters) -JPMorgan Chase's investment banking fees have grown by a mid-teens percentage so far in the first quarter, Chief Operating Officer Jennifer Piepszak said on Tuesday. Wall Street profits have surged in recent months as banks benefited from a recovery in dealmaking against the backdrop of a strong U.S. economy. And industry executives have

2025-02-11T19:21:32Z

The Best Place To Buy a Home in Every State

There's an old saying that the three most important things in real estate are location, location, location. Where you buy matters almost as much as what you buy when it comes to shopping for a house,...

2024-11-01T22:32:57Z

Mexico calls U.S. steel and aluminum tariffs 'unjustified'

By Brendan O'Boyle MEXICO CITY (Reuters) -The 25% tariff on steel and aluminum imports from Mexico ordered by U.S. President Donald Trump "is not justified" because the U.S. runs a steel and aluminum trade surplus with Mexico, Mexican Economy Minister Marcelo Ebrard said on Tuesday. "Mexico imports more steel from the United States than it exports," Ebrard said on a press conference alongside

2025-02-11T19:21:44Z

Shares of Chinese steelmakers slide as Trump's fresh tariffs add uncertainty on exports

By Amy Lv and Lewis Jackson BEIJING (Reuters) - Shares at major listed steelmakers in top producer China slid on Tuesday as fresh tariffs by U.S. President Donald Trump stoked concerns over possible impact on steel exports this year. Trump substantially raised tariffs on steel and aluminium imports on Monday to a flat 25% "without exceptions or exemptions" in a move to aid struggling domestic

2025-02-11T08:41:05Z

Trump tariffs are 'punitive,' former U.S. ambassador to Singapore says, warns of U.S. job losses

Lavin said that "we're in for a bit of bad news in the near term," adding that the tariffs will also hurt the auto industry in the U.S.

2025-02-11T05:01:41Z

China's SMIC Q4 profit slumps 38.4%, misses estimates despite revenue growth

BEIJING (Reuters) - Semiconductor Manufacturing International Corp, China's largest contract chipmaker, reported a 38.4% year-on-year fall in fourth-quarter profit. Profit attributable to owners of SMIC reached $107.6 million in the October-December quarter, compared with analysts' estimate of $193.45 million, according to LSEG data. Revenue rose 31.5% to $2.2 billion, compared to market

2025-02-11T09:41:06Z

Goldman Sachs ends IPO diversity policy citing legal developments

By Isla Binnie and Saeed Azhar (Reuters) - Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the bank said on Tuesday, in the latest such move by corporations expecting greater scrutiny on social policies from U.S. President Donald Trump. "As a result of legal developments related to board diversity requirements,

2025-02-11T15:51:21Z

Market conditions still not ideal for Aeromexico IPO in New York, CEO says

By Kylie Madry MEXICO CITY (Reuters) -Market conditions are currently not ideal for Mexican airline Aeromexico to list in New York, the firm's CEO said on Tuesday, after plans to go public were delayed last year. Aeromexico CEO Andres Conesa told journalists the carrier would list "as soon as market conditions allow," but did not explain further. "We aren't in a rush," Conesa said, adding the

2025-02-12T00:06:55Z

Baidu CEO says more AI spend still needed despite DeepSeek's success

BEIJING (Reuters) - Investment in data centres and cloud infrastructure is still needed despite DeepSeek challenging the cost efficiency of large AI models, Baidu CEO Robin Li said on Tuesday. "The investment in cloud infrastructure is still very much required. In order to come up with models that are smarter than everyone else, you have to use more compute," Li told attendees at the World

2025-02-11T08:41:05Z

Mexican telecoms giant America Movil's profit slides on FX losses

MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil on Tuesday reported a 48% fall in its fourth-quarter net profit, well below analysts' expectations, with the company citing foreign-exchange losses even as its revenues rose. Profit for the company, controlled by the family of Mexican billionaire Carlos Slim, landed at 9.48 billion pesos ($453 million) - well below the average

2025-02-11T21:46:48Z