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Tuesday, 2 November 2021

Reuters Business: Chesapeake Energy earnings beat as oil prices rebound

Chesapeake Energy earnings beat as oil prices rebound

Chesapeake Energy Corp on Tuesday reported adjusted net income of $269 million, or $2.38 per share, topping analysts expectations as the oil market recovers and prices hit multi-year highs.

Wall Street mints record highs, helped by strong earnings; Fed up next

Wall Street's main indexes rose on Tuesday to record highs as a strong earnings season continued to lift sentiment for equities, while investors were looking ahead to the outcome of a critical Federal Reserve meeting.

Tinder owner forecasts revenue below estimates

Match Group Inc forecast fourth-quarter revenue below market estimates on Tuesday, suggesting the Tinder owner's growth could slow as people return to pre-pandemic habits.

Amgen 3rd quarter profit beats, sales rise 4%

Amgen Inc on Tuesday reported a 4% increase in third-quarter revenue as the impact of the COVID-19 pandemic on drug prescriptions began to ease, but said prices for some of its drugs remained under pressure from lower-cost competition.

Mondelez raises sales forecast on emerging markets strength

Mondelez International Inc raised its annual sales forecast on Tuesday, as price increases for its biscuits and snacks coupled with strong demand from emerging markets helped it beat estimates in the third quarter.

Lyft reports an adjusted profit as riders, drivers return

Lyft Inc on Tuesday reported an adjusted profit for the third quarter as a bruising year of pandemic-related cost cuts paid off and more drivers and riders returned to the company's now leaner ride-hailing platform.

Wall Street mints record highs, helped by strong earnings; Fed up next

Wall Street's main indexes rose on Tuesday to record highs as a strong earnings season continued to lift sentiment for equities, while investors were looking ahead to the outcome of a critical Federal Reserve meeting.

EXCLUSIVE JPMorgan to restrict trading of U.S. cannabis stocks -letter

JPMorgan Chase & Co has told prime brokerage clients it will no longer let them buy U.S. cannabis-related securities beginning Nov. 8, according to a letter seen by Reuters.

Stellantis offers early retirement program to eligible U.S. employees

Stellantis NV , the world's fourth-largest automaker, is offering voluntary retirement program to pension-eligible employees in the United States, the company said late Monday.

Goldman Sachs highlights diversity in new managing director class

Goldman Sachs Group Inc on Wednesday promoted 643 people to managing director, the bank's second-highest rank behind partner, including a higher proportion of women and Black, Asian and Latino workers.

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