Reuters US Business

By Anna Tong SAN FRANCISCO (Reuters) -Artificial intelligence infrastructure company fal raised a $125 million Series C round valuing the company at $1.5 billion, the company said Thursday.  Venture capital fund Meritech led the round with participation from Salesforce Ventures, Shopify Ventures and Google AI Futures fund. Existing investors Bessemer Venture Partners, Kindred Ventures, Andreessen …

AI infrastructure company fal raises $125 million, valuing company at $1.5 billion Read More »

By Isla Binnie and Niket Nishant NEW YORK (Reuters) -KKR executives said strong momentum in their business gave them confidence on Thursday of beating earnings targets for 2026, after the investment group reported higher second quarter profit bolstered by an increase in fee-related earnings. The New York-based firm and its peers have seen the traditional …

KKR says current momentum leaves it confident of beating 2026 targets Read More »

By Pratima Desai and Ashitha Shivaprasad (Reuters) -Copper demand is rising faster than the industry anticipated, driven by billions of dollars being invested worldwide to modernise and expand power grids for the digital and clean energy revolutions that need vast amounts of electricity. Meanwhile, supply from major producers including Chile and the Democratic Republic of …

Analysis-Global power grid expansion fuels fresh copper demand surge Read More »

By Prakhar Srivastava and Manya Saini (Reuters) -Mastercard eased concerns about a potential slowdown in consumer spending after beating Wall Street estimates for second-quarter results on Thursday, sending its shares up nearly 3%. The report rounded off a largely upbeat earnings season from the biggest U.S. payments firms, but analysts have projected a sharper pullback …

Mastercard signals resilient consumer spending as profit tops estimates Read More »

By Michael Erman and Bhanvi Satija (Reuters) -Bristol Myers Squibb posted much better-than-expected second-quarter results on Thursday on strong sales of its best-selling brands, but failed to convince investors that newer products could drive future growth and shares fell nearly 5%. Revenue in the quarter, which analysts had expected to fall due to the loss …

Bristol Myers tops revenue expectations on strength of older drugs, shares fall Read More »

By Nicole Jao and Tanay Dhumal (Reuters) -Refiner HF Sinclair beat Wall Street estimates for second-quarter profit on Thursday as higher refining margins in the mid-continent region helped offset lower refined product sales volumes. Shares of HF Sinclair were up around 1.5% by 11:22 a.m. EDT. Top U.S. refiners are posting improved results in the …

HF Sinclair beats profit estimates as refining margins soar Read More »

(Reuters) -Sempra Infrastructure, a unit of U.S. energy company Sempra, will supply 1.5 million tonnes of liquefied natural gas (LNG) per year to Japan’s biggest power generator JERA in a 20-year deal, it said on Thursday. The LNG would be supplied from Sempra’s Port Arthur LNG Phase 2 development project in Texas, it added. The …

Sempra, Japan’s JERA enter into 20-year LNG supply deal Read More »

By Sneha S K (Reuters) -Cigna beat Wall Street estimate for second-quarter profit on Thursday, helped by strength in its pharmacy benefit management business. The company was among the last major health insurers to report quarterly results, in a period marked by high medical costs in government-backed plans. Cigna, however, was able to shield itself …

Cigna’s health services business powers Q2 earnings beat Read More »