Month: October 2024

Russia aims to use the BRICS summit to highlight the growing influence of the non-Western world, but its partners—China, India, Brazil, and Arab nations—are pressing President Vladimir Putin to find a resolution to the conflict in Ukraine.The BRICS group now represents 45% of the global population and 35% of its…

InterContinental Hotels Groupannounced a 1.5% increase in revenue per available room (RevPAR) for the third quarter, primarily driven by strong demand in the EMEA region.However, these results were somewhat offset by sluggish conditions in the U.S. market and ongoing challenges in China, as stated by the company.The EMEA region stood…

Bitcoin’s price dropped on Tuesday, retreating from recent three-month highs as growing risk aversion—fueled by anticipation of a tight U.S. presidential election—affected cryptocurrency markets.Initial speculation about a potential Donald Trump victory had boosted crypto prices, but recent polls indicate a close race between Trump and Vice President Kamala Harris, which…

Randstad, the largest employment agency globally, announced on Tuesday that its quarterly profit exceeded expectations slightly, as trading conditions improved in several markets despite ongoing economic challenges. The company’s third-quarter earnings before interest, taxes, and amortization (EBITA), excluding one-off items, reached 196 million euros ($212 million), surpassing the analysts’ average…

Cigna (NYSE: CI) saw its shares decline in premarket trading on Monday following reports that the U.S. insurer is looking to restart merger efforts with smaller competitor Humana (NYSE: HUM), after previously abandoning the pursuit last year.According to a Bloomberg News report on Friday, the companies have engaged in informal,…

The recent upswing in the S&P 500 has sparked speculation about its potential for further growth.In a note released Monday, Deutsche Bank analysts warned that despite the rally’s impressive nature, it encounters significant challenges ahead.The S&P 500 has achieved six consecutive weekly gains for only the second time since the…

Third-quarter earnings downgrades have been substantial across major regions, with ongoing reductions noted in both the U.S. and Eurozone, according to JPMorgan strategists. These downgrades reflect increasing worries about slowing top-line growth and macroeconomic uncertainty.In a note released on Monday, the Wall Street firm stated that the earnings outlook for…

On Monday, the U.S. dollar strengthened slightly, maintaining its recent momentum as the presidential election approaches and polls suggest a greater chance of former President Donald Trump winning. At 04:30 ET (08:30 GMT), the Dollar Index, which measures the dollar against a basket of six other currencies, rose by 0.2%…