Reuters US Business

WASHINGTON (Reuters) -Sales of new U.S. single-family homes increased less than expected in June amid higher mortgage rates, pushing inventory to levels last seen in late 2007, which could keep homebuilding subdued.   New home sale units rose 0.6% to a seasonally adjusted annualized rate of 627,000 units last month, the Commerce Department’s Census Bureau said …

US new home sales below expectations in June; housing supply rises Read More »

(Reuters) -Paramount Global’s CBS News on Thursday appointed Tanya Simon as the executive producer of its prime time news magazine broadcast “60 Minutes”, in place of Bill Owens, who had stepped down citing lack of editorial independence. Owens left the post in April after months of legal battle with U.S. President Donald Trump who claimed …

CBS News taps Tanya Simon as new boss of ’60 Minutes’ after Trump lawsuit Read More »

By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -American Airlines restored its full-year financial outlook on Thursday but offered a wide range of forecast, citing broader economic uncertainty that is hobbling consumer spending on travel in the domestic market. The Fort Worth, Texas-based carrier expects an adjusted loss of 20 cents a share to a …

American Airlines forecasts wide range due to economic uncertainty Read More »

By Manya Saini (Reuters) -Nasdaq CEO said on Thursday the strong performance of recent large-cap IPOs has improved the outlook for new listings, riding high after beating second-quarter profit estimates that sent the exchange operator’s shares up 7%. Initial public offerings on its eponymous exchange rebounded strongly in the first half of 2025, reaching their …

Nasdaq CEO signals improved IPO market momentum, shares jump on results beat Read More »

By Arasu Kannagi Basil and Lananh Nguyen (Reuters) -Investment bank Lazard surpassed second-quarter profit estimates on Thursday, as a rebound in dealmaking helped power record revenue in its advisory business, sending its shares up 1.5%. Dealmaking activity bounced back sharply in May and June, after grinding to a halt in April as uncertainty over U.S. …

Lazard’s profit tops estimates on record advisory revenue from dealmaking Read More »

(Reuters) -Labcorp raised its annual profit forecast on Thursday after beating Wall Street estimates for second-quarter profit and revenue on robust demand for its diagnostic tests, sending its shares up over 10%. The company now expects its 2025 adjusted profit to be between $16.05 and $16.50 per share, compared with $15.70 to $16.40 forecast earlier. …

Labcorp raises annual profit forecast on strong diagnostic testing demand Read More »

By Aditya Soni and Kanchana Chakravarty (Reuters) -Alphabet shares rose more than 3% in early trading on Thursday as the Google parent’s earnings underscored a key message to investors: AI spending is climbing, but so are the returns. The tech giant has raised its 2025 capital spending forecast by $10 billion to $85 billion and …

Alphabet jumps as AI-driven spending fuels cloud revenue surge Read More »

By Juveria Tabassum (Reuters) -Chipotle Mexican Grill’s shares slumped 13% on Thursday, as weak consumer spending on dining out led to a bigger-than-expected fall in quarterly sales and caused the bowls and burritos maker to temper its annual sales target. Consumers, particularly in the lower-income category, are increasingly cooking meals at home as economic uncertainty …

Chipotle slumps as weak dine-out demand dampens annual sales forecast Read More »