Reuters US Business

(Reuters) -Harley-Davidson posted a lower-than-expected profit for the second quarter and did not provide an annual forecast on Wednesday, as U.S. President Donald Trump’s tariffs continued to weigh on the motorcycle maker. However, shares of the company rose as much as 12% in premarket trading after the company said that it would offload loans from …

Harley-Davidson misses second-quarter profit estimates as tariffs weigh Read More »

SAO PAULO (Reuters) -Banco Santander Brasil’s second-quarter net profit rose 9.8% from a year earlier but landed slightly below market expectations, a securities filing showed on Wednesday, amid global trade tensions and high local interest rates. WHY IT’S IMPORTANT Brazil is a key market for Spanish parent Banco Santander, which reported its own quarterly results …

Santander Brasil’s second-quarter net profit up 9.8%, slightly below forecasts Read More »

By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s top leaders have pledged to support an economy that is facing various risks, by managing what is viewed as disorderly competition and beefing up capacity cuts in key industries in the second half of the year. The official news agency Xinhua said on Wednesday that leaders …

China’s leaders vow support for economy, crackdown on disorderly competition Read More »

(Reuters) -VF Corp beat first-quarter revenue estimates on Wednesday, helped by an uptick in demand for its apparel and footwear products, sending its shares up about 15% in premarket trading. The Denver, Colorado-based company, currently undergoing a turnaround, also posted a narrower loss than expected, benefiting from lower promotions and product costs. VF Corp’s efforts …

Vans parent VF Corp beats quarterly revenue estimates on improving demand Read More »

(Reuters) -Starbucks shares rose about 5% before the bell on Wednesday as the coffee chain’s strong quarterly sales signaled CEO Brian Niccol’s turnaround plan was bearing fruit. A simplified menu and investments in store and labor operations were some of the highlights of Niccol’s “Back to Starbucks” initiative. The major brand reset follows several quarters …

Starbucks shares rise as CEO Niccol’s turnaround efforts gain traction Read More »

By Wen-Yee Lee and Faith Hung TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, will form a strategic partnership with industrial motor maker TECO Electric & Machinery to boost development in the AI data centre market, they said on Wednesday. The move underscores Foxconn’s efforts to expand beyond its traditional role as an …

Taiwan’s Foxconn partners with TECO to build AI data centres Read More »

(Corrects paragraph 6 to clarify that spending pull forward was in April, not happening currently) By Pritam Biswas and Ateev Bhandari (Reuters) -Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday, as the global payments processing company was helped by strong card spending volumes despite softness in the broader economy.  However, the …

Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares Read More »