Author: Press Room

A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN  —  Former President Donald Trump has been campaigning in between his many different court appearances for much of the year. But his decision to attend the first day of his $250 million civil fraud trial in New York created another opportunity to appear on camera from inside a courtroom when the judge allowed photographers to document the moment before proceedings got underway. Keeping track of the dizzying array of civil and criminal cases is a full-time job.…

(Photo by Mike Kemp/In Pictures via Getty Images)Getty Images Key takeaways CVS was up on revenue and earnings, but lowered its full-year guidance, sending the stock tumbling this week Yum! Brands saw strong sales for Taco Bell and KFC while Pizza Hut floundered Wayfair’s earnings loss narrower than expected, but missed revenue targets Earnings season is in full swing still, with Wall Street watching with bated breath to see which companies are weathering the economic storm. Companies and consumers alike are dealing with a marathon-length cost of living crisis, so it’s no surprise we’re seeing some businesses miss their estimates.…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sales of Ferraris with hybrid engines have overtaken those of traditional models for the first time, a seminal moment for a brand inextricably linked with supercars driven by noisy, powerful engines. Some 51 per cent of Ferrari’s cars sold between July and September were hybrid, compared with 43 per cent in the previous three months and just 19 per cent a year ago. Four of the 13 models offered by Ferrari in the quarter were hybrids. Ferrari’s three-month sales were driven by the 296…

© Reuters. FILE PHOTO: A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams/File Photo By William Schomberg and Andy Bruce LONDON (Reuters) – The Bank of England held interest rates at a 15-year peak on Thursday and said it did not expect to cut them any time soon as it fights to “squeeze out of the system” the highest inflation of the world’s big rich economies. Despite new forecasts that showed the economy skirting a recession and then flat-lining, the BoE reinforced its message that borrowing costs would stay high,…

2/2 © Reuters. FILE PHOTO: Ukrainian President Volodymyr Zelenskiy walks down the White House colonnade to the Oval Office with U.S. President Joe Biden during a visit to the White House in Washington, U.S., September 21, 2023. Doug Mills/Pool via REUTERS/File Photo 2/2 By Daphne Psaledakis and Timothy Gardner WASHINGTON (Reuters) – The United States on Thursday imposed sweeping new measures against Moscow over the war in Ukraine, targeting Russia’s future energy capabilities, sanctions evasion and a suicide drone that has been a menace to Ukrainian troops and equipment, among others, in sanctions on hundreds of people and entities. The…

tadamichi BofA published its November report on the Alpha Surprise Model. The model screens for inexpensive, out-of-consensus stock ideas using fundamental analysts’ earnings estimates by BofA Securities. Its most overweight sectors were energy, communications services, and consumer discretionary, and its most underweight were information technology, real estate, and materials. The most attractive companies, according to the model, were Amazon.com (AMZN), Huntington Ingalls Industries (HII), Progressive Corp. (PGR), and Warner Bros Discovery (WBD). Some of its most notable deletions off the chart, as of Oct. 31, include Altria Group (MO), Cencora (COR), Bank of New York Mellon Corp. (BK), Boeing Co.…

In his book showcasing images of life as war raged in Syria, Mr. Katan recounts capturing the video of the boy, Mahmoud, whose older sisters, Asma’a and Nadima, were missing after the airstrike. Asma’a was subsequently confirmed dead. A brother, Muhammad, was carrying a baby sibling, Bayan, whom Mr. Katan likened to a rose because of the red outfit she wore that day, Valentine’s Day.There is no shortage of photographs and video from Israel and Gaza showing suffering. In Gaza, Israel’s relentless airstrikes have killed more than 8,000 people, according to the Hamas-run health ministry. Overcrowded hospitals and scarce food…

The Education Department released a memo detailing mistakes it found student-loan servicers are making with repayment.It pushed for the mistakes to be remedied for borrowers to avoid legal action.Earlier this week, the department fined MOHELA for failing to get on-time bills to 2.5 million borrowers. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app President Joe Biden’s Education Department is concerned student-loan borrowers could turn to legal action if issues with their accounts aren’t fully resolved.The Education Department on Wednesday released an internal memo from…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jaguar Land Rover has raised its profitability expectations for the year after improved Range Rover production and higher prices helped it post a fourth straight quarter of profit and record cash flow. The fourth consecutive quarter of profitability at the company, owned by India’s Tata Motors, puts an end to a tumultuous post-pandemic period that saw the group wrack up heavy losses due to production issues and chip shortages.On Thursday JLR said chip supply was improving, and that it expects production to increase…

© Reuters. By Natalia A. Ramos Miranda SANTIAGO (Reuters) – The increasing specialization of Latin America’s exports to China, focusing on oil and mining, shows a “worrying” trend, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said in a report on Thursday. The ECLAC warned that as China advances in its efforts toward energy decarbonization, staples from Latin America such as oil could be at risk. Latin America’s trade with China has skyrocketed, growing to nearly $500 billion last year from about $14 billion in 2000, but the boom has been made up of just a…