By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla Inc on Wednesday posted record third-quarter revenue but still missed Wall Street estimates as the electric carmaker led by billionaire Elon Musk delivered fewer vehicles than expected, while spending on new factories and new battery production squeezed margins. The company did not […]
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Tennis-Gauff, Garcia into WTA Finals after Sabalenka defeat in Guadalajara
(Reuters) – Coco Gauff and Caroline Garcia qualified for the eight-player WTA Finals after Aryna Sabalenka lost to Liudmila Samsonova in the Guadalajara Open second round on Wednesday. Russian Samsonova, who has won 20 of her last 22 matches, smacked 21 winners and broke the powerful Belarussian four times en […]
Euro zone Sept inflation revised down slightly, still at record high
BRUSSELS (Reuters) – Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but still at a record high, underlining market expectations of more interest rate rises before the end of the year. The European Union’s statistics office Eurostat said consumer prices in the […]
Obama says Democrats are sabotaging themselves
Barack Obama waves to reporters after returning to the White House on board Marine One September 3, 2015 in Washington, DC. (Photo by Chip Somodevilla/Getty Images) OAN NewsroomUPDATED 12:40 PM PT – Wednesday, October 19, 2022 Barack Obama explained the ways that Democrats are sabotaging themselves. The 44th president recently […]
Dollar gains with Treasury yields, sterling tumbles on hot inflation
By Karen Brettell NEW YORK (Reuters) – The dollar bounced from two-week lows on Wednesday as benchmark 10-year Treasury yields rose to 14-year highs, while sterling weakened after hotter-than-expected UK consumer price inflation fueled concerns about a deeper recession. The greenback hit a 32-year peak against the yen, approaching the […]
Fed’s Kashkari says labor shortages still a big issue for business
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday that job market demand remains strong and underlying inflation pressures probably have not peaked yet. “I’ve seen very little evidence in my region that the labor market is softening,” Kashkari said […]
Explainer-U.S. gasoline prices are falling again – here’s why
By Laura Sanicola (Reuters) – U.S. gasoline prices rose earlier this month but are falling again after West Coast refinery outages subsided and seasonal demand fell. Prices dropped after a weeks-long rebound after the Organization of the Petroleum Exporting Countries and its allies announced plans to reduce the OPEC+ production […]
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Procter & Gamble sales, earnings get boost from price hikes
By Uday Sampath Kumar and Jessica DiNapoli (Reuters) -Procter & Gamble Co beat estimates for quarterly sales and profit on Wednesday, as price hikes on everything from Head & Shoulders shampoo to Tide detergent helped blunt the impact of higher raw material costs and a stronger dollar. Shares of the […]
Athletics-McColgan’s recent 10K records invalid after course found to be 150m short
(Reuters) – Eilish McColgan’s latest European and British 10,000m records set at the Great Scottish Run earlier this month have been invalidated after the Glasgow course was found to be 150m short, organisers said on Wednesday. Commonwealth Games champion McColgan had finished the Oct. 2 race in 30 minutes and […]