(Reuters) - Mastercard reported a higher fourth-quarter profit on Thursday as a resilient economy encouraged consumers to ramp up spending in the holiday season. The company's shares rose 3.7% to $569 in premarket trading. Spending continues to be underpinned by a solid labor market and wage growth that have spurred consumer confidence, while retailers also offered discounts to attract budget-conscious...

Jan 30 (Reuters) - Insurance brokerage and consulting company Marsh McLennan's ( MMC ) fourth-quarter profit beat Wall Street estimates on Thursday, as its risk and insurance business recorded strong growth. WHY IT'S IMPORTANT Insurers have consistently raised policy prices in recent years in response to losses from wars and natural catastrophes, along with inflationary pressures. The sector usually sees...

Jan 30 (Reuters) - L3Harris Technologies ( LHX ) forecast 2025 sales above estimates and posted higher-than-expected fourth-quarter results on Thursday, bolstered by strong demand for weapons due to higher defense spending amid global geopolitical tensions. Demand for arms and military equipment has ballooned as a result of the Russia-Ukraine war and ongoing conflicts in the Middle East, benefiting defense...

(Reuters) - Paint maker Sherwin-Williams ( SHW ) on Thursday forecast current-year adjusted profit below analysts' expectations, hurt by continued demand choppiness. We expect demand softness to persist in several end markets well into the second half of the year, if not into 2026, said CEO Heidi Petz. The company's shares were down 1.8% in premarket trading Factory activity in...