(Reuters) -Wall Street heavyweight Goldman Sachs has appointed veteran Michael Thompson as the global head of the office of government and regulatory affairs, according to an internal memo seen by Reuters. Thompson will succeed Michael Paese, who will retire from the partnership at the end of 2025 and become a senior advisor to Goldman. “He’s …
By Dan Catchpole and Aatreyee Dasgupta (Reuters) -Business jet maker Bombardier reported a slight drop in second-quarter revenue on Thursday, though its net income beat analyst expectations thanks to a rise in aircraft deliveries and orders, better pricing, and strong demand for parts and repairs. Those results were somewhat sapped by supply chain disruptions and …
Bombardier’s second-quarter revenue dips while profits rise Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump said on Thursday he had agreed with Mexican President Claudia Sheinbaum to extend an existing trade deal with Mexico for 90 days and continue talks over that period with the goal of signing a new deal. “Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, …
Trump says Mexico trade deal extended for 90 days Read More »
By Amina Niasse NEW YORK (Reuters) -CVS Health raised its full-year profit forecast after exceeding Wall Street quarterly earnings estimates on Thursday, as tight oversight of higher medical costs led to improved performance for its Aetna health insurance business. CVS shares jumped 5.6% to $65.80 in early trading after beating analysts’ estimates for the third …
CVS raises profit forecast as cost controls drive earnings beat Read More »
By Atharva Singh and Arasu Kannagi Basil (Reuters) -Intercontinental Exchange, the New York Stock Exchange parent, beat second-quarter profit estimates on Thursday, as elevated volatility boosted demand for its hedging products and drove record revenue. Exchanges thrive during bouts of market volatility as investors frequently rebalance portfolios to seize opportunities and hedge against risks, driving …
NYSE-parent ICE’s profit beats estimates as volatility fuels record revenue Read More »
By Zaheer Kachwala (Reuters) -Roblox raised its annual bookings forecast on Thursday and topped 100 million in daily active users thanks to the viral success of farm simulation title “Grow a Garden”, sending shares of the videogame platform rising more than 16%. Free-to-play titles and a wide availability across devices such as PlayStation helped Roblox …
Viral hit ‘Grow a Garden’ pushes Roblox past 100 million users, lifts bookings Read More »
By Manya Saini and Niket Nishant (Reuters) -Robinhood’s earnings highlight how the app once at the center of the meme-stock mania has evolved into a broader platform to keep retail investors engaged even during market turbulence. The trading platform reported a surge in volumes across equities, options and cryptocurrencies in its second quarter, with momentum …
Robinhood outgrows meme frenzy era as retail trading matures Read More »
By Sam Tobin LONDON (Reuters) -BHP and Vale are facing a London lawsuit from the law firm representing hundreds of thousands of people over Brazil’s worst environmental disaster, alleging the companies sought to cheat the firm out of legal fees by procuring settlements. BHP said it rejected the allegations “in their entirety” and would contest …
BHP, Vale accused of ‘cheating’ UK law firm out of $1.7 billion in fees Read More »
By Harshita Mary Varghese (Reuters) -Comcast topped estimates for quarterly revenue and profit on Thursday, driven by a surge in theme park attendance sparked by the May debut of “Epic Universe”, growth in its domestic wireless business and a spike in streaming revenue. The Central Florida attraction boosted theme park revenue by nearly 19% in …
By Rashika Singh (Reuters) -Qualcomm shares fell nearly 5% in early trading on Thursday as the looming loss of Apple as its biggest modem customer and higher dependency on premium smartphone chips outweighed its upbeat quarterly forecast. Shares of the mobile chip designer were last down at $152.55. The San Diego-based chip supplier warned investors …
Qualcomm shares slide as Apple modem shift, tariffs raise growth concerns Read More »
