Reuters US Business

By Joel Jose (Reuters) -DoorDash’s stock tumbled 14.2% on Thursday as investors recoiled at the company’s plans to invest hundreds of millions more in its 2026 growth strategy amid mounting cost concerns. The San Francisco-based company also missed Wall Street estimates for third-quarter profit due to rising expenses. DoorDash has ramped up investments in partnerships …

DoorDash shares dive as new investment plan unnerves investors Read More »

By Deborah Mary Sophia and Dawn Chmielewski (Reuters) -Warner Bros Discovery posted a bigger-than-expected quarterly loss on Thursday, as lackluster growth in its streaming unit and ongoing declines in its cable TV business eclipsed a strong showing from the media giant’s studio. The company’s shares rose nearly 1% in volatile trading. They have more than …

Warner Bros Discovery posts bigger-than-expected loss ahead of potential sale or split Read More »

WASHINGTON (Reuters) -Some plaintiffs could get a refund in certain situations if the U.S. Supreme Court rules against President Donald Trump’s tariffs, but the Treasury would have to figure out any payment schedules, the nation’s top trade official said on Thursday. “In some situations, the plaintiffs, specific plaintiffs, will get a refund,” U.S. Trade representative …

USTR: Treasury would sort out any refunds if top court nixes Trump’s tariffs Read More »

By Savyata Mishra and Chandni Shah (Reuters) -Luxury apparel maker Canada Goose missed estimates for second-quarter revenue on Thursday, as its efforts to drive sales by bolstering its marketing and promotional strategies failed to deliver results in a weak demand environment. U.S.-listed shares of the company fell about 14% in early trading as Canada Goose …

Canada Goose results fall short of estimates as demand falters Read More »

By Neil J Kanatt and Sanskriti Shekhar (Reuters) -Under Armour forecast full-year revenue and profit below Wall Street estimates on Thursday as the sportswear maker faces declining demand and higher tariff-related costs. The Maryland-based retailer has been attempting to reset its business under founder Kevin Plank, who returned as CEO in March after sales declined …

Under Armour forecasts annual sales, profit below estimates; announces CFO change Read More »

(Reuters) – Wall Street’s main indexes opened lower on Thursday, as investors digested a slate of corporate earnings, while concerns around U.S. tariffs, surging valuations and mixed economic data kept investors on edge. The Dow Jones Industrial Average fell 55.9 points, or 0.12%, at the open to 47,255.12. The S&P 500 fell 8.7 points, or …

Wall Street opens lower as investors assess corporate earnings, mixed economic data Read More »

By Lewis Krauskopf NEW YORK (Reuters) -This week’s wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on the technology sector to drive it higher. The S&P 500 and Nasdaq Composite on Tuesday suffered their biggest one-day drops in nearly a month, weighed down …

Analysis-AI stock wobble points to US market reliance on tech Read More »

By David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO (Reuters) -U.S. Transportation Secretary Sean Duffy said on Wednesday that he would order a 10% cut in flights at 40 major U.S. airports, citing air traffic control safety concerns as a government shutdown hit a record 36th day. The drastic plan sent airlines scrambling to make significant …

US orders 10% flights cut at major US airports due to shutdown Read More »