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EXCLUSIVE-US may cut air traffic 10% by Friday without shutdown deal, sources say
By David ShepardsonWASHINGTON, Nov 5 (Reuters) - U.S. Transportation Secretary Sean Duffy is expected to order scheduled air traffic cut by 10% at 40 major airports starting Friday without a deal to end the government shutdown, sources familiar with the situation said.The shutdown has forced 13,000 ...Reuters
Wed, Nov 5
Cannabis firm Curaleaf Q3 revenue slightly beats expectations
OverviewCuraleaf Q3 revenue of $320 mln slightly beats analyst expectationsCompany's international revenue grows 56% yr/yr, driving overall growthAdjusted gross margin improves to 50%, up 115 basis points yr/yrOutlookCuraleaf sees positive momentum despite macroeconomic pressuresCompany aims to ...Reuters
Wed, Nov 5
EXCLUSIVE-US may cut air traffic 10% by Friday without shutdown deal, sources say
By David ShepardsonWASHINGTON, Nov 5 (Reuters) - U.S. Transportation Secretary Sean Duffy is expected to order scheduled air traffic cut by 10% at 40 major airports starting Friday without a deal to end the government shutdown, sources familiar with the situation said.The shutdown has forced 13,000 ...Reuters
Wed, Nov 5
EXCLUSIVE-US may cut air traffic 10% by Friday without shutdown deal, sources say
WASHINGTON, Nov 5 (Reuters) - U.S. Transportation Secretary Sean Duffy is expected to order scheduled air traffic cut by 10% at 40 major airports starting Friday without a deal to end the government shutdown, sources familiar with the situation said.Reuters
Wed, Nov 5
GRAINS-Soybean prices rise as China-US truce assessed
Soybean prices firmer as Beijing trims tariffsWheat, corn prices tick up Doubts over Chinese demand curb grain pricesBy Renee Hickman and Heather Schlitz CHICAGO, Nov 5 (Reuters) - Chicago soybean prices rose on Wednesday, recovering some of the previous session's losses, as Beijing's con...Reuters
Wed, Nov 5
Duolingo says AI features 'profitable' as it beats revenue estimates, raises forecast
Duolingo raises annual revenue forecast above estimatesAI-powered tiers attract more paying subscribers, boosting revenuePartnership with Luckin Coffee boosts brand visibility in ChinaBy Akash SriramNov 5 (Reuters) - Duolingo Inc DUOL.O beat Wall Street estimates for third-quarter revenue and raised...Reuters
Wed, Nov 5
US Cash Crude-Grades mixed as US oil inventories rise
Nov 4 (Reuters) - U.S. crude grades were largely mixed on Wednesday, dealers said, even as U.S. crude stocks rose last week on higher imports and weaker refining activity.WTI Midland and WTI at East Houston, also known as MEH, eased 5 cents each, while Mars Sour gained 15 cents. Crude inventories ro...Reuters
Wed, Nov 5
ICE canola futures move little
WINNIPEG, MANITOBA, Nov 5 (Reuters) - ICE canola futures moved little on Wednesday, reflecting a lack of direction from fellow vegoils.• January canola RSF6 settled up 30 cents at $640.40 per metric ton.• The mood around canola has become more bullish since a happy-seeming visit to China's agric...Reuters
Wed, Nov 5
Oil settles down more than 1% at 2-week lows on fears of glut
US crude stocks rise, fuel inventories fall, EIA data showsCanada may scrap oil and gas emissions cap, raising supply concernsRussia suspends fuel exports at Black Sea refineryBy Nicole Jao NEW YORK, Nov 5 (Reuters) - Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressur...Reuters
Wed, Nov 5
PRECIOUS-Gold gains on risk aversion despite strong US payrolls data
US October private payrolls rise by 42,000Equities down on concerns of stretched valuationTraders see 63% chance of US interest rate cut in DecemberBy Noel John Nov 5 (Reuters) - Gold prices rose over 1% on Wednesday as investors avoided riskier assets despite stronger-than-expected private U.S. ...Reuters
Wed, Nov 5
CBOT wheat higher as market awaits Chinese buying interest
CHICAGO, Nov 5 (Reuters) - Chicago Board of Trade wheat futures turned higher on Wednesday as rumors of Chinese buying interest in U.S. wheat encouraged some short-covering.The market is continuing to await confirmation of Chinese purchases.The Russian government is considering a grain export quota ...Reuters
Wed, Nov 5
US natural gas futures fall 3% on record output, mild weather forecasts
Gas output hits record highs, storage levels above averageWaha Hub prices remain in negative territory due to pipeline constraintsMild weather forecast to limit heating demand through mid-NovemberBy Scott DiSavino Nov 5 (Reuters) - U.S. natural gas futures slid about 3% on Wednesday on record out...Reuters
Wed, Nov 5
CBOT soybeans tick higher on hopes for Chinese purchases
CHICAGO, Nov 5 (Reuters) - Chicago Board of Trade soybean futures rose on Wednesday, recovering some of the previous session's losses as Beijing's confirmation it was cutting tariffs on U.S. farm goods put attention back on a trade truce between the countries. U.S. officials have said Be...Reuters
Wed, Nov 5
CBOT corn ends higher on support from strong wheat futures
CHICAGO, Nov 5 (Reuters) - Chicago Board of Trade corn futures ended higher on Wednesday on spillover support from higher wheat futures, though ample supply continued to hang over the market.CBOT December corn CZ25 rose 3-3/4 cents to end at $4.35-1/4 per bushel.S&P Global Commodity Insights lef...Reuters
Wed, Nov 5
Bulgaria drafts law to enable seizure and sale of Lukoil refinery
By Robert Harvey and Angeliki Koutantou LONDON/SOFIA, Nov 5 (Reuters) - Bulgaria is drafting legal changes that will allow it to seize control of sanctioned Russian oil major Lukoil's LKOH.MM Burgas refinery and sell it to a new owner to protect the plant from U.S. sanctions, local media repo...Reuters
Wed, Nov 5
US Plains HRW Wheat-Wheat basis flat to up, futures set August high
CHICAGO, Nov 5 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged to higher at elevators in the southern U.S. Plains on Wednesday as futures reached their highest price in about three months, traders said.Traders continued to circulate market rumors that China bought U.S. wheat af...Reuters
Wed, Nov 5
Bunge profit tops estimates on strong processing margins, Viterra boost
Bunge's Q3 profit lowest since 2019 despite beating estimatesCEO Heckman cites policy flux affecting future outlookSouth American exports lift soybean segmentBy Karl Plume and Pooja Menon Nov 5 (Reuters) - Bunge Global BG.N topped Wall Street estimates for third-quarter adjusted profit on We...Reuters
Wed, Nov 5
WTI Crude Oil slides below $60 after EIA reports surprise inventory build
West Texas Intermediate (WTI) Crude Oil extends its decline for the third consecutive day on Wednesday, slipping below the key $60.00 per barrel mark to hit a one-week low after the latest US Energy Information Administration (EIA) report showed a larger-than-expected inventory build.
Fxstreet
Wed, Nov 5
Gold climbs over 1% despite strong US data fueling mixed market mood
Gold (XAU/USD) price rises more than 1% on Wednesday after a slew of economic data was released in the United States (US), which strengthened the US Dollar (USD), but also the yellow metal, which trades at around $3,980 after hitting a daily low of $3,929.
Fxstreet
Wed, Nov 5
Targa Resources beats profit estimates on record Permian volumes, boosts dividend
Q3 core profit beat estimatesRecord Permian volumes boost profitTarga plans to raise annualized dividend to $5 by 2026By Sumit Saha Nov 5 (Reuters) - Pipeline operator Targa Resources TRGP.N beat estimates for third-quarter adjusted core profit on Wednesday, boosted by record natural gas and liqu...Reuters
Wed, Nov 5
