Reuters US Business

DuPont forecasts Q3 results above estimates on robust electronics, healthcare demand

5 Aug 2025

By Pooja Menon (Reuters) -Industrial materials maker DuPont on Tuesday forecast current-quarter revenue and profit above Wall Street estimates, benefiting from strength in its electronics and healthcare segments, sending its shares up 5% in morning trading. The company also said it beat second-quarter profit estimates, which blunted the impact of tariffs. Demand for semiconductors has …

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Expeditors posts upbeat results on higher freight volumes, customs fees

5 Aug 2025

(Reuters) -Global freight forwarder Expeditors International of Washington reported second-quarter profit and revenue above Wall Street estimates on Tuesday, helped by higher airfreight and ocean container volumes and bigger custom fees. Airfreight tonnage and ocean container volume increased 7% each year-over-year for the quarter ended June 30, as companies rushed to import before new U.S. …

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Security flaw found, fixed that could have left millions of Dell laptops vulnerable, researchers say

5 Aug 2025

By AJ Vicens (Reuters) -A flaw in the chips used to secure tens of millions of Dell laptops could have given attackers the ability to steal sensitive data as well as maintain access even after a fresh operating system install, researchers with Cisco Talos said Tuesday.  The previously unreported analysis, validated by Dell in a …

Security flaw found, fixed that could have left millions of Dell laptops vulnerable, researchers say Read More »

Blackstone to acquire Japan’s TechnoPro for about $3.4 billion, Nikkei reports

5 Aug 2025

TOKYO (Reuters) -Blackstone plans to acquire major Japanese engineering staffing firm TechnoPro Holdings for about 500 billion yen ($3.39 billion), the Nikkei business daily reported on Tuesday. Blackstone will likely offer just below 4,900 yen for each TechnoPro share in the tender offer it plans to launch soon, according to the report. Responding to the …

Blackstone to acquire Japan’s TechnoPro for about $3.4 billion, Nikkei reports Read More »

AI startup by Columbia graduates raises $7 million to target midsize law firms

5 Aug 2025

By Niket Nishant (Reuters) -August, an AI startup founded by Columbia University alumni and that caters to midsize law firms, said on Tuesday it had raised $7 million in a seed funding round led by venture capital firms NEA and Pear VC. WHY IT MATTERS AI’s ability to handle routine, document-heavy tasks is unlocking new …

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HSBC lifts S&P 500 year-end target to 6,400 on AI boom, easing policy uncertainty

5 Aug 2025

(Reuters) -HSBC on Tuesday raised its year-end S&P 500 index target by more than 800 points to 6,400, citing euphoria around artificial intelligence and easing U.S. policy uncertainty. The upgrade comes after similar moves from other brokerages, including Goldman Sachs and BofA Global Research, last month. “The AI trade is powering the tech/AI cohort higher …

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Animal healthcare firm Zoetis raises annual forecast on strong pet product demand

5 Aug 2025

(Reuters) -Zoetis raised annual forecast and beat second-quarter estimates on Tuesday, driven by strong demand for its medicines and vaccines for pets, sending the animal healthcare company’s shares surging about 9% in premarket trading. Analysts remain optimistic about the long-term prospects for the animal health industry, citing a rebound in veterinary clinic visits over the …

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Brazil central bank warns on US tariffs, vows to anchor inflation expectations

5 Aug 2025

By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank on Tuesday flagged caution over the impact of steeper U.S. trade tariffs, reaffirming its commitment to a policy stance aimed at lowering inflation expectations after signaling interest rates will remain on hold for long. In the minutes from its latest policy meeting, where policymakers paused an aggressive …

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Payments processor FIS forecasts third-quarter profit below estimates

5 Aug 2025

(Reuters) -Banking and payments processing firm Fidelity National Information Services forecast third-quarter profit below Wall Street estimates on Tuesday, amid concerns of dampened consumer spending. Consumers continue to spend on essentials while cutting back on discretionary items, as economic uncertainty from geopolitical tensions and President Donald Trump’s trade policies persists. Lower spending volumes could hurt …

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Aluminum can maker Ball Corp lifts annual profit forecast buoyed by strong global demand

5 Aug 2025

(Reuters) -Ball Corp raised its annual profit forecast on Tuesday, after beating second-quarter results, fueled by resilient demand for its aluminum cans in key markets of North America and Europe, sending its shares up 2% in premarket trading. Ball witnessed a 4.1% rise in global aluminum packaging shipments during the quarter, up from a 2.6% …

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