 | |||||||
| finance | |||||||
| NEWS | |||||||
Dollar hovers near one-month low, set for worst week since May LONDON, July 30 (Reuters) - The dollar traded near a one-month low on Friday and was set for its worst weekly performance since May as dovish remarks by the U.S. Federal Reserve together with underwhelming economic data took the steam out of a ...
| |||||||
UniCredit Profit Beats Estimates as Orcel Starts Paschi Talks UniCredit SpA posted second-quarter profit that topped the highest analyst estimate and said it would set aside less than expected to cover bad debt, signaling strength just as the bank starts talks to take over long-troubled lender Banca Monte dei Paschi di ...
| |||||||
China Presses on With Crackdown on Tech Data and Overseas IPOs Beijing pressed ahead with moves to assert greater control over technology companies, continuing a campaign that's roiled financial markets from New York to Shanghai. In a flurry of action Friday, authorities summoned the country's largest technology ...
| |||||||
Here are all the wildest allegations from the former Nikola chairman indictment New York (CNN Business) A truck with the doors duct-taped on. Ford pickups masquerading as something else. The head of a company running to google whether or not the thing he had just promised inventors was even physically possible. These are some ...
| |||||||
What to watch today: Stocks to open lower, but July still tracking for gains Wall Street is set to open lower on the final trading day of July as investors get three Dow stock earnings reports and another reading on inflation to digest. Nasdaq futures were leading the way down Friday, with a decline of more than 1% as Amazon (AMZN) ...
| |||||||
Amazon Has 1.55 Trillion Reasons to Start Accepting Crypto Hello there, this is Spencer Soper in Seattle. The cryptocurrency markets rallied this week on a rumor: That Amazon.com Inc. would soon accept crypto as payment on its platform. Amazon said on Monday that the "speculation" about its "specific plan for ...
| |||||||
US consumer spending rises strongly in June; inflation increases WASHINGTON, July 30 (Reuters) - U.S. consumer spending rose more than expected in June as vaccinations against COVID-19 boosted demand for travel-related services and recreation, but part of the increase reflected higher prices, with annual inflation ...
| |||||||
As more women opt out of the workforce, here's what we know about how that could affect their Social Security benefits One consolation, according to a report from the Center for Retirement Research at Boston College, is that income from Social Security in retirement may help bridge the income gap between mothers and childless women.
| |||||||
Amazon Gets Record $888 Million EU Fine Over Data Violations Amazon.com Inc. faces the biggest ever European Union privacy fine after its lead privacy watchdog hit it with a 746 million-euro ($888 million) penalty for violating the bloc's tough data protection rules. CNPD, the Luxembourg data protection authority ...
| |||||||
AbbVie raises annual profit forecast as Botox demand rebounds The company grabbed Botox last year as part of its $63 billion purchase of Allergan, a move aimed at cushioning the hit from the looming loss of U.S. patents for the world's best-selling drug Humira, expected in 2023.
| |||||||
Elon Musk's brain computer start-up raises $205 million from Google Ventures and others Neuralink has raised $205 million from investors including Google Ventures, Peter Thiel's Founders Fund, and OpenAI CEO Sam Altman. Founded in 2016, Neuralink is trying to develop high-bandwidth brain implants that can communicate with phones and ...
| |||||||
Oil Heads for Weekly Gain as Tighter Supplies Offset Virus Fears There's confidence the oil market will continue to strengthen, with Royal Dutch Shell Plc chief Ben van Beurden predicting "a strong recovery in demand" as economic activity picks up again. Oil ...
| |||||||
Pinterest's Q2 Revenue More Than Doubled Triple-digit revenue growth crushed analyst estimates. · User growth, however, fell short of even management's own expectations. · Investors may want to zoom out and view Pinterest's growth story on a two-year-stack basis.
| |||||||
Glencore Boosts Outlook for Another Bumper Trading Year Glencore Plc is set to report another year of bumper profits from its trading business as the commodities giant cashes in on soaring prices, but lowered expectations for production of its own material. The unit's core profit is now expected to hit the top end of its ...
| |||||||
British Airways Still in Covid Fog as Summer Comes to Air France British Airways parent IAG SA is stuck on the starting blocks amid lingering coronavirus curbs as one of its biggest European competitors reaps the benefits of a late-summer travel rebound. London-based IAG, which also owns Spain's Iberia and Aer Lingus of ...
| |||||||
Toyota's chip management provides lessons for GM, Ford and others Employees wearing protective equipment work at a semiconductor production facility for Renesas Electronics during a government. GM says it has mitigated the ongoing worldwide chip crisis because of improved supplier relations, played out daily in ...
| |||||||
Renault CEO Says Struggling Carmaker Has Come 'Back From Hell' Renault SA's chief declared the automaker is firmly on the comeback trail after a record loss, forecasting stable profitability despite the global chip shortage and rising raw material prices. The carmaker has "abandoned the approach of only looking for sheer ...
| |||||||
Hong Kong's economic recovery loses steam in Q2, but recovery on track HONG KONG, July 30 (Reuters) - Hong Kong's economy lost some momentum in the second quarter but still expanded by 7.5% from a year earlier, as domestic and global activity continued to recover from last year's pandemic-induced slump. Despite some ...
| |||||||
Why now isn't a bad time to take out a car loan or mortgage The pandemic knocked borrowers on their backs in the spring of 2020, but as the economy regained its footing, so, too, has the willingness of consumers to borrow. Consumer applications for auto loans, new mortgages and revolving credit cards all mostly ...
| |||||||
Review: A deep new history of Tesla takes the shine off Elon Musk Apple Chief Executive Tim Cook and Tesla Chief Executive Elon Musk are talking on the phone. The 2016 unveiling of the make-it-or-break-it Model 3 is coming soon, but Tesla is in serious financial trouble. Cook has an idea: Apple buys Tesla. Musk is ...
| |||||||
Eurozone out of recession after economy grows 2% A recovery is under way in the region after the surge in coronavirus infections in the winter. In Italy and Spain, two countries whose economies were badly damaged by the pandemic, growth ...
| |||||||
'No margin left': Siemens Gamesa ups wind turbine prices on raw materials After a loss-making first nine months, it warned its profit margin would be flat or negative this year as its onshore unit flounders. It is now hiking prices between 3% and 5% for ...
| |||||||
GRAINS-Wheat climbs as dry weather hits US spring crop; corn, soy follow (New throughout; updates prices, adds quotes, changes byline, changes dateline from previous SINGAPORE/PARIS). CHICAGO, July 29 (Reuters) - Chicago Board of Trade (CBOT) wheat futures rose on Thursday, with the front contract rising above $7 a ...
| |||||||
Exxon Posts $4.7B in Profit as Demand for Fuel Rebounds NEW YORK (AP) — Exxon Mobil swung back to a profit and topped expectations on profit and revenue as during the second quarter as demand for fuel recovered from lows reached earlier in the pandemic.
| |||||||
In Robinhood's Stock Debut, a Tumble and Then Sharp Swings NEW YORK (AP) — Wall Street gave Robinhood a cool reception Thursday in the online broker's debut in the stock market that it helped reshape by bringing millions of new investors.
| |||||||
Mortgage and Refinance Rates Today, July 30, 2021 | Most rates fall Mortgage interest rates were mostly down compared to a week ago. Rates for 15-year fixed, 5/1 ARMs and jumbo loans moved lower, while rates for 30-year fixed mortgages remained flat. Average mortgage rates for home purchase. Loan term, Today's Rate ...
| |||||||
Hermes Sales Surpass Pre-Pandemic Levels as Luxury Booms Hermes International's revenue more than doubled, surpassing pre-pandemic levels, as the Birkin handbag maker kept luring shoppers to splurge on dresses and fashion. Revenue rose 127% at constant exchange rates in the second quarter, beating ...
| |||||||
Why Biogen's Stock Has Likely Peaked Shares of Biogen (NASDAQ:BIIB) soared in June after the U.S. Food and Drug Administration (FDA) granted accelerated approval for the company's Alzheimer's drug, Aduhelm. The stock price reached more than $468 on June 7, but it hasn't been anywhere ...
| |||||||
Babcock shares dive 12% on bigger losses, negative cash view FY operating loss 1.64 bln stg vs year earlier 75.6 mln · Takes 2 billion pounds writedown · Shares dive 13%, biggest loser in FTSE 250.
| |||||||
Swimply lets you swim in a stranger's pool. It's less weird than you think My rented oasis for the afternoon. Swimply. Summer temperatures can reach 100 degrees Fahrenheit here in Austin, Texas, so I'm often looking for places to swim. Thankfully, this city delivers. West of downtown, for example, you'll find the oldest swimming ...
| |||||||
Facebook (NASDAQ: FB) Earnings: A Tale Of Two Cities The much-awaited Q2 earnings of Facebook (NASDAQ: FB) hit the wire shortly after the bell rang to end Wednesday's session. With shares of the social media giant have hit fresh all-time highs in the run-up to the release, Wall Street and Main Street alike ...
| |||||||
L'Oreal CEO sees lasting US market growth "I think you can count on the U.S. to be back for the long term," CEO Nicolas Hieronimus, a L'Oreal veteran who took the helm in May, told analysts. On Thursday ...
| |||||||
Electric Vehicle Checkpoint: Cramer Lauds Ford CEO Farley 'We are now spring-loaded for growth in the second half and beyond because of red-hot products, pent-up demand, and improving chip supply,' says Ford CEO Jim Farley.
| |||||||
Treasury yields dip after key inflation data lines up with expectations The Fed said in its latest policy decision on Wednesday that while progress had been made in terms of its economic targets, "substantial further progress" would be needed on its inflation and employment goals before it considered tightening its ultra-easy ...
| |||||||
Deliveroo Mulls Exit From Spain -- Update By Joe Hoppe and Adria Calatayud. Deliveroo PLC said Friday that it will propose to consult on ending its operations in Spain, as a mid-August deadline to change its current gig-labor model in the country nears. The move from the U.K. food-delivery ...
| |||||||
Burger King parent earnings top estimates as domestic digital sales grow nearly 60% Restaurant Brands International topped Wall Street's estimates for its second-quarter earnings and revenue. The company also said that its digital sales have grown nearly 60% compared with the same time a year ago. Popeyes was the only one of its brands ...
| |||||||
Is a Meltdown on the Way for Moderna Stock? Moderna has a sky-high valuation compared to other successful pharma and biotech companies. There's considerable uncertainty about Moderna's ability to generate recurring revenue at the levels expected in 2021 and 2022. Move over, Murphy's law.
| |||||||
Caterpillar 2Q Revenue up on Higher Equipment Demand Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects. Revenue was $12.89 billion, up from $10 billion, ...
| |||||||
Iron Ore Tumbles as China's Steel Sector Revamp Curbs Demand Iron ore tumbled on expectations demand will wane as China deepens steel production cuts in its drive to clean up the industry. The material is under mounting pressure -- futures in Singapore have plunged 18% in two weeks -- as Beijing steps up measures ...
| |||||||
Yum Brands Opens New Locations As Revenue Rises To Pre-Pandemic Levels The company said sales at Taco Bell, KFC and Pizza Hut exceeded pre-pandemic levels. Yum's fourth brand, The Habit Burger Grill, delivered 31% same-store sales growth.
| |||||||
Online retailer Boohoo to move to new auditing model for suppliers "Suppliers are visited more frequently, sub-contracting has been removed, products can only be purchased from our approved supplier list; mandatory whistle-blower helplines have been installed at every supplier," Boohoo said on Friday.
| |||||||
Cullen/Frost Bankers, inc (CFR) Q2 2021 Earnings Call Transcript Questions and Answers; Call Participants. Prepared Remarks: Operator. Ladies and gentlemen, thank you for standing by, and welcome to the Cullen/Frost Second Quarter Earnings Results Call. [Operator ...
| |||||||
American Plans to Invest in a Budget Airline Based in Chile If the companies close the deal and win government approval, travelers could earn and spend American frequent-flyer points on JetSmart flights. The airlines seem an odd fit. American has global reach and ...
| |||||||
Dole's downsized IPO prices at low end of expected range, valuing company at $1.6 billion Dole PLC DOLE, is set to go public Friday, as the Ireland-based fruit and vegetable company's downsized initial public offering priced overnight at $16 a share, to value the company at about $1.57 billion. The pricing was at the low end of the expected range ...
| |||||||
BNP Paribas posts a profit rise on retail rebound and lower provisions The euro zone's biggest listed lender said net income profit stood at 2.91 billion euros ($3.5 billion) with its cost of risk, reflecting provisions for bad loans, down by 43.8% at 813 million euros in the quarter.
| |||||||
US Derivatives Traders Are Easily Bypassing Blocks on Offshore Exchanges: Report Inca's technology is used by the Commodity Futures Trading Commission (CFTC), the body that regulates derivatives trading in the U.S. Offshore exchanges operate outside of the CFTC's purview and can avoid some of the rules relating to investor protection ...
| |||||||
Newell Brands beats expectations, raises full-year sales guidance Sales of $2.71 billion were up from $2.11 billion last year and also ahead of the FactSet consensus for $2.56 billion. Newell's portfolio includes Rubbermaid, Mr. Coffee, Elmer's and Graco baby products. For the third quarter, Newell is guiding for sales of $2.70 ...
| |||||||
Boeing Awaits FAA Decision on Requirements for In-Service 787s Boeing's commercial airplanes business posted $6 billion in sales, up 268 percent as aircraft deliveries nearly tripled to 79 planes, and a $472 million operating loss versus a $2.8 billion loss a year ago.
| |||||||
Coca-Cola wants more modern, efficient new facilities in Tonawanda You can't keep Coca-Cola's Buffalo business bottled up. Coca-Cola Beverages Northeast of Bedford, N.H., wants to overhaul its Western New York operations, demolishing the existing facilities and constructing a new one on the same site in the Town of ...
| |||||||
Procter & Gamble Faces Cost Headwinds but Posted Strong Results. Its Stock Is Up. Procter & Gamble said higher commodity prices and freight costs would weigh on profits in the next fiscal year, as the consumer-goods giant posted strong results for the past quarter on Friday, with sales and earnings outpacing Wall Street's expectations.
| |||||||
| See more results | Edit this alert | |||||||
| You have received this email because you have subscribed to Google Alerts. |
 Receive this alert as RSS feed |
| Send Feedback |
No comments:
Post a Comment