By Noel Randewich and Nikhil Sharma (Reuters) -The S&P 500 and Nasdaq notched record high closes on Wednesday, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement President Donald Trump struck with Japan. The White House’s deal with the European Union …
S&P 500 and Nasdaq rally to record highs on optimism about trade deals Read More »
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court let Republican President Donald Trump on Wednesday remove three Democratic members of the government’s top consumer product safety watchdog, boosting his power over federal agencies set up by Congress to be independent from presidential control. Granting a Justice Department request, the justices lifted Maryland-based U.S. District …
US Supreme Court lets Trump remove consumer product safety commissioners Read More »
By Juveria Tabassum (Reuters) -Chipotle Mexican Grill on Wednesday lowered its annual sales growth target again and missed quarterly sales estimates as economic uncertainty prompts Americans to dine out less, sending the burrito chain’s shares down 9.7% after hours. A significant rise in menu prices has pressured dining out in the United States for several …
Chipotle cuts annual sales target as dining out slows; shares drop Read More »
(Reuters) -Comcast’s NBCUniversal is considering launching a sports cable network that would feature content also on its Peacock platform, the Wall Street Journal reported on Wednesday. The potential channel, which would be offered in specialized packages, could debut as early as the fall, the report said, citing people familiar with the matter. According to the …
NBCUniversal considering to launch a sports cable network, WSJ reports Read More »
By Anshuman Tripathy (Reuters) -CSX reported second-quarter profit above analysts’ estimates on Wednesday, driven by improving intermodal volumes, sending its shares up more than 2% after the bell. Intermodal shipping, which involves two or more means of transportation for goods and accounted for 14% of its overall revenue in 2024, saw a 2% quarterly rise …
Railroad operator CSX beats quarterly profit estimates on higher volumes Read More »
(Reuters) -Elon Musk’s brain implant company Neuralink aims to implant its chips in 20,000 people a year, and generate at least $1 billion in annual revenue by 2031, Bloomberg News reported on Wednesday, citing investor documents. The company aims to operate five large clinics within six years and offer three versions of its brain implant, …
Neuralink targets $1 billion revenue by 2031, Bloomberg News reports Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -Alaska Air Group on Wednesday reinstated its full-year profit forecast, citing improvements in passenger traffic and pricing power. The Seattle-based airline, however, forecast a lower-than-expected profit for the third quarter. Like most U.S. airlines, Alaska pulled its full-year financial forecast in April as President Donald Trump’s trade war created …
Alaska Air reinstates profit forecast as travel demand improves Read More »
(Reuters) -Bank of America said on Wednesday its board has authorized a $40 billion stock repurchase program. The new buyback program, which will take effect on August 1, will replace the current authorization, which had about $9.1 billion in repurchases remaining as of June 30, the bank said. The biggest U.S. lenders have enough capital …
Bank of America authorizes $40 billion stock repurchase plan Read More »
(Reuters) -Cboe Global Markets said on Wednesday it will wind down its Japanese equities business, including the Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. The company expects to suspend operations on August 29, 2025, and formally close the business after consultations with regulators. The decision was made in response to …
By Savyata Mishra (Reuters) -Toymaker Mattel cut its annual forecast, reinstating it after two months, and posted a sharp drop in second-quarter revenue on Wednesday, as weak Barbie sales in North America and global trade uncertainties weighed on demand. The Hot Wheels parent had pulled its sales and profit forecasts in May, when U.S. President …
Mattel cuts 2025 forecast after two-month pause, hurt by tariff uncertainties Read More »
