Morning Bid: Trump-fueled records without momentum, or bonds
By Alden Bentley A look at the day ahead in Asian markets. The Trump trade carried Wall Street to fresh records on Monday but election-week momentum faded in holiday thinned…
Economy
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Live Nation posts upbeat quarterly profit on lower costs, shares rise
(Reuters) – Ticketmaster-parent Live Nation Entertainment (NYSE:LYV) beat Wall Street estimates for third-quarter profit on Monday, helped by cost controls, sending its shares up 5.1% in extended trading. The Beverly…
Brazil’s finance minister says outstanding issues on fiscal package resolved
BRASILIA (Reuters) – Brazil’s finance minister said on Monday that remaining stumbling blocks to a fiscal package aimed at curbing mandatory expenses had been resolved, but he added that President…
Chipotle veteran Scott Boatwright named permanent CEO
By Juveria Tabassum (Reuters) -Chipotle Mexican Grill on Monday named interim boss Scott Boatwright as permanent CEO of the burrito chain in a widely expected move, months after Brian Niccol…
Spain announces 3.76 billion euros in new aid to Valencia after floods
MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez on Monday (NASDAQ:MNDY) announced 3.76 billion euros ($4.01 billion) in additional measures to reconstruct the Valencia area after the deadliest flash floods…
Crime costs Latam and Caribbean almost what region spends in education, IDB says
By Rodrigo Campos NEW YORK (Reuters) – Violence and crime absorb almost 3.5% of Latin America and the Caribbean’s (LAC) economic output, depleting funds that could be used in education…
Japan to propose $65 billion plan to aid domestic chip industry, draft shows
By Takaya Yamaguchi TOKYO (Reuters) – Japan’s government will propose a $65 billion plan to boost its chip industry with subsidies and other financial assistance over a period of “multiple…
Brazil’s Lula urges Congress to cut spending to help ‘beat’ financial markets
SAO PAULO (Reuters) – Brazil’s president vowed to beat the “speculative greed” of financial markets in an interview broadcast late on Sunday and urged Congress to set an example by…
In changing climate, retailers turning to weather strategies
By Nicholas P. Brown (Reuters) -Big-name retailers such as Walmart (NYSE:WMT) are increasingly using analytics to blunt the impact of one of the most unpredictable performance variables of shopping: weather.…
Moncler not in talks to take over Burberry, sources say
By Helen Reid and Elisa Anzolin LONDON/MILAN (Reuters) -Italy’s Moncler (MI:MONC) is not in talks to take over Burberry (LON:BRBY) , four sources close to the matter said on Monday…