By Caroline Valetkevitch NEW YORK (Reuters) -The forecast for second-quarter S&P 500 earnings is looking slightly improved from a week ago, although it remains weak with results in from more than half of the S&P 500 companies, Refinitiv data showed Friday. Second-quarter earnings for S&P 500 companies now are estimated to have fallen 6.4% year …
Second-quarter U.S. earnings estimate still weak, but improving Read More »
(Reuters) – Southwest Airlines has exercised options for the delivery of 30 Boeing 737 MAX 7 planes next year, and converted 24 existing MAX 7 orders to MAX 8, the company said in an SEC filing on Friday. The move comes two days after Boeing said the first delivery of the 737 MAX 7 was …
Southwest Airlines converts some Boeing 737 MAX 7 orders to MAX 8 amid delays Read More »
By Hannah Lang (Reuters) -U.S. banks should incorporate the Federal Reserve’s emergency lending facility known as the “discount window” as part of their contingency funding plans, federal banking regulators said in updated guidance on Friday. The discount window is “an important tool” banks can use to manage liquidity risk, bank regulators including the Federal Reserve …
Fed’s ‘discount window’ should be part of bank contingency plans -regulators Read More »
(Reuters) -The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, according to the regulator’s website. The portfolio comprises 201 performing capital-call loans tied to Starwood Capital Group, Carlyle Group, …
FDIC launches sale of $18.5 billion of Signature Bank loans Read More »
By David Shepardson WASHINGTON (Reuters) -Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue. The recall covers 2021 through 2023 model year F-150 trucks, according to a filing with the National …
Ford recalls 870,000 F-150 trucks over unexpected parking brake activation Read More »
(Adds missing word “than” in 2nd paragraph) By Caroline Valetkevitch NEW YORK (Reuters) -Shares of video streaming company Roku Inc closed Friday at their highest level in a little more than a year after it gave an upbeat quarterly revenue forecast. Roku’s stock, which rose 31.4% to $89.61 in its biggest daily percentage gain since …
Roku shares set 1-year high, notch biggest percentage gain since 2017 Read More »
(Reuters) – Adidas on Friday announced it would sell more of its stocked up Yeezy products in August and donate a sizeable amount to organisations fighting discrimination and hate, after the sportswear giant abandoned its collaboration with rapper Ye. “As with the release in May 2023, the second release will feature products which were initiated …
By David Shepardson WASHINGTON (Reuters) -General Motors warned the Biden administration’s planned changes to vehicle emissions rules could cost the auto industry hundreds of billions of dollars in penalties by 2031, which the Biden administration said on Thursday was wrong. GM executive David Strickland met on July 17 with White House Office of Management and …
Biden admin rejects GM’s warning that US emissions rules will be costly Read More »
By Maggie Fick and Radhika Anilkumar LONDON (Reuters) -AstraZeneca on Friday delivered better-than-expected profits and sales in the second quarter as a strong performance of its blockbuster cancer drugs helped offset the loss of COVID-19 vaccine sales. The Anglo-Swedish drugmaker posted an adjusted profit of $2.15 per share, up 25% and exceeding the $1.98 per …
AstraZeneca Q2 results beat estimates; COVID vaccine sales evaporate Read More »
By Selena Li and Lawrence White HONG KONG (Reuters) -Standard Chartered PLC upgraded its annual profit forecast on Friday and set a new $1 billion share buyback after a strong first-half performance, as rising rates and a record financial markets business propelled the lender’s margins. StanChart, which earns most of its revenue in Asia, said …
StanChart lifts annual profit outlook, sets new $1 billion share buyback Read More »
