Kentucky football loss to Vanderbilt devastating for program

READ MORE Game day: Vanderbilt 24, Kentucky 21 Click below for more of the Herald-Leader’s and’s coverage of Saturday’s Kentucky-Vanderbilt football game at Kroger Field in Lexington. Expand All Kentucky football fell to 6-4 on the 2022 season with a 24-21 loss to Vanderbilt at Kroger Field on Saturday. Here is a closer look … Read more

Nearly half of Meta job cuts were in tech, reorg underway – execs say

OAKLAND, Calif., Nov 11 (Reuters) – Facebook owner Meta Platforms (META.O) told employees on Friday that it would stop developing smart displays and smartwatches and that nearly half of the 11,000 jobs it eliminated this week in an unprecedented cost- cutting move were technology roles. Speaking during an employee townhall meeting heard by Reuters, Meta … Read more

UK economy shrinks at start of feared long recession

GDP in Q3 -0.2% q/q vs Reuters poll -0.5% Sept economic output -0.6% m/m vs poll -0.4% GDP in July and August revised up Economists still see UK going into recession Finance minister predicts “tough road ahead” LONDON, Nov 11 (Reuters) – Britain’s economy shrank in the three months to September at the start of … Read more

Asian shares fall ahead of US CPI, crypto worries mount Dollar stays firm, crypto stokes spillover fears European markets set to open lower China mainland, Hong Kong shares battered by COVID case surge Focus on US inflation for signs of slowdown in Fed rate hike SYDNEY, Nov 10 (Reuters) – Asian share markets pulled back on Thursday and the dollar held its overnight gains … Read more

Morning Bid: Congress unswept, crypto a mess

A look at the day ahead in US and global markets from Mike Dolan. Running market assumptions of a Republican clean sweep of US Congress in Tuesday’s midterm elections appear wide of the mark so far from early results, leaving investors to ponder the implication for the 2024 race for the White House on top … Read more

Bank of England raises rates by most since 1989 even as long recession looms

Central bank raises Bank Rate to 3% from 2.25% BoE tells investors their rate hike bets look too big Sterling falls nearly 2% against US dollar New forecasts show recession lasting into 2024 Government due to set out fiscal plans on Nov. 17 LONDON, Nov 3 (Reuters) – The Bank of England raised interest rates … Read more

BP joins rivals with bumper $8.2 bln profit

Natural gas trading boosts profit BP to buy back another $2.5 bln in shares US President Biden has urged sector to stop “war profiteering” LONDON, Nov 1 (Reuters) – BP (BP.L) more than doubled its third-quarter profit from a year earlier to $8.15 billion and expanded its share buybacks by $2.5 billion, joining rivals in … Read more

European stocks hit six-week high on hopes for rate hike slowdown

LONDON, Nov 1 (Reuters) – European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares … Read more

Oil giants’ massive profits revive calls for windfall taxes

Sector lifted by higher oil and gas prices Four of five biggest global oil companies have now reported US President Biden slams energy companies Oct 28 (Reuters) – Global energy giants including Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices … Read more

Exxon’s record-smashing Q3 profit nearly matches Apple’s

Oil firm smashes Wall Street forecasts with $19.7 billion profit Exxon’s fossil-fuel bets eclipse rivals Shell, TotalEnergies Company projects flat oil output this year on Russia losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) on Friday smashed expectations as soaring energy prices fueled a record-breaking quarterly profit, nearly matching that of tech giant … Read more