By Vallari Srivastava (Reuters) -MP Materials posted a smaller-than-expected second-quarter loss Thursday, as the U.S. rare earths miner benefited from higher production amid booming demand, sending its shares up 8% after the bell. The company – which operates the only U.S. rare earths mine in Mountain Pass, California – has been in the spotlight as …
MP Materials posts smaller loss as rare earths production surges Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -The Dow and S&P 500 eased on Thursday, as shares of Eli Lilly dropped after data from its oral weight loss drug disappointed, while Nasdaq ended slightly higher. Shares of cybersecurity firm Fortinet also dropped after it gave a revenue forecast below Wall Street estimates. Eli Lilly, which also …
Dow, S&P 500 end lower; Eli Lilly shares fall after drug data Read More »
By Jonathan Stempel (Reuters) -Apple has been sued by a Texas company that accused the iPhone maker of stealing its technology to create its lucrative mobile wallet Apple Pay. In a complaint made public on Thursday, Fintiv said Apple Pay’s key features were based on technology developed by CorFire, which Fintiv bought in 2014, and …
Lawsuit accuses Apple of stealing trade secrets to create Apple Pay Read More »
By Ed White WINNIPEG, Manitoba (Reuters) -Nutrien, the world’s top potash producer, expects increased fertilizer use by North American farmers this autumn and a healthy global potash market in 2026 despite some crop prices being at multi-year lows, company executives said on Thursday. “We expect to be in a strong market next year,” Nutrien CEO …
Nutrien expects more fertilizer use by farmers despite low crop prices Read More »
By Pritam Biswas and Ateev Bhandari (Reuters) -Block reported a rise in second-quarter income and raised its annual gross profit forecast on Thursday, as the payments firm was helped by resilient consumer spending, lifting its shares 6% higher in extended trading. Businesses and individuals have continued to spend on essential products, even as they have …
Block raises annual profit forecast on resilient consumer spending; shares jump Read More »
(Corrects spelling of “Brenner” in first comment) NEW YORK (Reuters) -U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor. Here are some investor comments about his impact on the Fed and markets: ANDREW BRENNER, HEAD OF INTERNATIONAL FIXED INCOME SECURITIES, …
Investors react to news Miran picked by Trump to be Fed Governor Read More »
By Rodrigo Campos NEW YORK (Reuters) -MSCI said on Thursday it will add 42 securities and delete 56 from its widely followed ACWI equity index. The three largest companies by market capitalization to be added to the developed markets index are Rocket Lab, SoFi Technologies and Affirm Holdings, all headquartered in the United States. The …
By Nora Eckert and Anshuman Tripathy (Reuters) -Ford Motor is delaying the launch of two next-generation electric vehicles as it shifts its focus to smaller and more affordable models, the company said on Thursday. The automaker said it recently informed suppliers that a full-size electric pickup, scheduled for production at its BlueOval City assembly plant …
Ford delays electric pickup, van to 2028 as it chases smaller, affordable options Read More »
(Reuters) -EOG Resources on Thursday beat second-quarter profit estimates and raised its annual production forecast as the U.S. energy producer closed its $5.6 billion Encino deal. The company projected 2025 total production to average 1.224 million barrels of oil equivalent per day (boepd), up from its prior expectations of 1.1 million to 1.14 million boepd. …
EOG Resources raises annual production forecast on Encino deal as profit beats Read More »
By Manya Saini (Reuters) -Chime beat Wall Street estimates for second-quarter revenue on Thursday, driven by strong demand for its digital banking and financial services, in its first results following a blockbuster U.S. listing. Younger customers in the U.S., disillusioned with fees and limited flexibility at large banks, have increasingly turned to digital-first startups that …
Chime beats revenue estimates in first earnings since blowout US IPO Read More »
