NEW YORK (Reuters) – Short interest on the Nasdaq declined 2% in late July, the exchange said on Friday. As of July 31, short interest fell to about 14.068 billion shares, compared with 14.356 billion shares as of July 15. Investors who sell securities “short” borrow shares and then sell them, on bets the stock …
(Reuters) -Activist investor Starboard Value has a stake in Starbucks and wants the coffee giant to take steps to improve its stock price, the Wall Street Journal reported on Friday, citing people familiar with the matter. Starbucks shares were up 3.2% in extended trading. The size of the hedge fund’s stake in the company and …
Activist Starboard Value takes stake in Starbucks, WSJ reports Read More »
(Reuters) -Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon’s …
Factbox-Layoffs pile up in US, Canada as companies uncertain of economy Read More »
By Alex Lawler, Dmitry Zhdannikov and Shariq Khan LONDON (Reuters) – Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October, according to data, analysts and industry sources. Oil demand growth in the first seven …
Analysis-Global oil demand needs to rise faster to absorb OPEC+ hike Read More »
WASHINGTON (Reuters) -Republican candidate Donald Trump said on Thursday that U.S. presidents should have a say over decisions made by the Federal Reserve, the most explicit indication so far of his interest in infringing on the central bank’s independence should he regain the White House. “I feel the president should have at least (a) say …
(Reuters) – Online travel agency Expedia beat analysts’ expectations on Thursday for second-quarter profit, helped by sustained demand for international travel, sending its shares up 7% after the bell. “The travel environment was healthy in the second quarter and like the last few quarters, we saw strong ongoing demand internationally relative to the US,” CEO …
Expedia beats second-quarter profit estimates on sustained international travel demand Read More »
By Dawn Chmielewski (Reuters) -Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of jobs on Thursday, even as the company’s streaming business reported its first quarterly profit. Paramount stock rose more than 5% in extended trading. The impairment reflects a shrinking audience for …
By Granth Vanaik (Reuters) -Elf Beauty forecast annual sales and profit below estimates on Thursday and said it would raise prices of its products in case tariffs on imports from China are increased, if Republican presidential candidate Donald Trump comes to power. Shares of the company were down about 5% in extended trading even as …
Elf Beauty projects annual forecasts below estimates as consumers spend cautiously Read More »
By Deena Beasley (Reuters) -Gilead Sciences on Thursday reported second-quarter profit that handily beat Wall Street estimates, driven by lower operating expenses and higher product sales, and the drugmaker raised its outlook for full-year earnings. The Foster City, California-based company posted a quarterly profit of $2.01 per share excluding items, on revenue of $7 billion, …
Gilead quarterly profit beats Street estimates, revenue up 5% Read More »
(Reuters) -Richmond Federal Reserve Bank President Thomas Barkin on Thursday said his conversations with business leaders suggest cooling in the U.S. labor market is coming from slower hiring rather than a rise in layoffs, giving the central bank time to figure out its next move. “I’m actually pretty optimistic that over the next few …
Fed’s Barkin sees inflation coming down, room to assess policy Read More »
