By Andrea Shalal and Maiya Keidan WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country to collect $50 billion a month in tariff revenues or more – up from $30 billion last month – as higher levies on imports from dozens of countries kick in. “And then you’re going to …
US expects $50 billion a month in tariff revenues, US Commerce chief Lutnick says Read More »
By Anuja Bharat Mistry (Reuters) -Restaurant Brands missed quarterly profit estimates on Thursday, hurt by aggressive marketing that boosted demand at Burger King and its other brands in the U.S. and international markets. U.S.-listed shares of the company fell 4% after Restaurant Brands posted an adjusted profit of 94 cents per share, below analysts’ estimates …
Burger King owner’s marketing efforts spur sales, squeeze profit Read More »
By Miranda Murray and Matthias Inverardi BERLIN (Reuters) -Rheinmetall on Thursday reported second-quarter sales and profit below expectations, citing delays in German defence contract awards, but affirmed its full-year forecast on expectations for a flood of orders later in the second half. The German defence company reported sales of 2.43 billion euros ($2.8 billion) in …
German defence group Rheinmetall cites contract delays in forecast miss Read More »
(Reuters) -Waste management company GFL Environmental on Thursday announced a deal with funds managed by Energy Capital Partners to recapitalize its construction subsidiary, Green Infrastructure Partners (GIP), at an enterprise value of $4.25 billion. GIP will receive gross proceeds of $775 million, of which it will return $585 million to its shareholders and use $175 …
GFL’s Green Infrastructure Partners to be recapitalized in $4.25 billion deal Read More »
By Aishwarya Jain (Reuters) -Peloton Interactive forecast 2026 revenue above estimates and said it would cut 6% of its global workforce to boost cost savings under an ongoing turnaround effort, sending the exercise-bike maker’s shares more than 11% higher. The company also posted a surprise fourth-quarter profit on Thursday and said it will “adjust prices” …
Peloton to cut more jobs, forecasts strong 2026 revenue; shares rise Read More »
(Corrects August 6 story to attribute quote in paragraph 9 to CADE’s president, not CADE’s general superintendent) By Ana Mano SAO PAULO (Reuters) -SALIC International Investment Company, a wholly-owned subsidiary of Saudi Agricultural and Livestock Investment Company, told Brazilian competition authorities on Wednesday it is a passive minority shareholder in rival food producers BRF and …
BRF’s Saudi investor says it has no influence on management Read More »
By Akash Sriram (Reuters) -Duolingo shares surged about 32% on Thursday, after the company’s annual forecast increase buoyed investor confidence in its ability to drive user growth through AI features and social engagement, while enhancing monetization. The company is maintaining user growth by experimenting with app features, using social engagement strategies and optimizing its subscription …
Duolingo surges as AI-led growth, forecast raise boost investor confidence Read More »
By Tatiana Bautzer, Saeed Azhar and Pete Schroeder NEW YORK (Reuters) -U.S. President Donald Trump met the CEOs of Citigroup and Bank of America on Wednesday to discuss the administration’s plans to privatize U.S. mortgage financing companies Fannie Mae and Freddie Mac, according to two sources familiar with the situation. Citi CEO Jane Fraser met …
Trump met Citi, BofA CEOs to discuss plans for Fannie and Freddie, sources say Read More »
By Luciana Magalhaes SAO PAULO (Reuters) -Brazil’s seafood industry is sounding the alarm to pressure the federal government for immediate relief as it grapples with mounting fears of job losses and bankruptcies as a result of the 50% tariffs the U.S. imposed on most Brazilian exports on Wednesday. The new levies made the future highly …
Brazil’s fish industry, hit with a 50% US tariff, seeks a lifeline Read More »
(Reuters) -Energy infrastructure company Sempra beat analysts’ estimates for second-quarter profit on Thursday, helped by growth in its U.S. utility operations and cost cuts. U.S. utilities are seeing steady growth, supported by rising electricity demand, especially from energy-intensive sectors such as data centers, alongside broader grid reliability needs. Sempra said it remains focused on shifting …
Sempra beats profit estimates on US utility growth Read More »
