Auto parts distributor Genuine Parts lowered its full-year profit outlook on Tuesday, as rising costs and a ​tougher consumer environment weighed on its expectations.

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Reuters Business

Reuters Business

 

Genuine Parts cuts full-year profit forecast on inflation, weaker consumer spending 

 

MSCI shares fall as company raises expense forecast 

 

Boeing asks US to intervene over record EU loan to Airbus 

 

Tesla cash burn to test investor faith in AI bets 

 

US, China to hold AI talks in September, sources say 

 

U.S. auto industry races to purge Chinese connected-car hardware amid federal push 

 

Morning Bid: Tariff reprise 

 

BlackRock-backed group commits $5 billion for Aligned Data Centers after completing acquisition 

 

Novo Nordisk says it is suing Eli Lilly, accusing it of false advertising 

 

GM quarterly core profit rises 30% on truck and SUV strength 

 

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