Reuters US Business

By Harshita Mary Varghese (Reuters) -AT&T beat quarterly profit estimates and added more wireless subscribers than expected as customers flocked to its discounted bundles combining 5G mobile and high-speed fiber plans. The company said on Wednesday it would invest about $3.5 billion from savings unlocked by President Donald Trump’s new tax law to accelerate its …

AT&T’s bundled plans spur subscriber surge, tax savings to fund fiber expansion Read More »

By Katha Kalia and Sumit Saha (Reuters) -Power equipment maker GE Vernova raised its full-year free cash flow forecast and beat Wall Street estimates for second-quarter profit on Wednesday, sending its shares up more than 13% to an all-time high. GE Vernova, which became independent last year after a three-way split of General Electric, raised …

GE Vernova raises annual forecasts, beats second-quarter profit estimates Read More »

By Trevor Hunnicutt and Mariko Katsumura WASHINGTON/TOKYO (Reuters) -U.S. President Donald Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans. It is the most significant of a clutch of …

Trump strikes tariff deal with Japan, auto stocks surge Read More »

By Lewis Krauskopf NEW YORK (Reuters) -Wall Street’s reliance on a small number of high market-value stocks to keep momentum going for the U.S. equities bull market will be tested in coming days as major technology and growth companies report earnings. Concentration in widely followed market barometers such as the S&P 500 and Nasdaq Composite means …

US stock market concentration risks come to fore as megacaps report earnings Read More »

By Akriti Shah (Reuters) -Texas Instruments shares sank 11% on Wednesday after executives adopted a markedly cautious tone and issued a weak quarterly profit forecast, intensifying investor concerns over the impact of tariffs. After optimistic projections in April had boosted confidence in a demand rebound, TI said on Tuesday’s earnings call that a recovery in …

Texas Instruments shares sink as tariff risks cloud chip demand outlook Read More »

(Reuters) -Hasbro raised its annual revenue forecast on Wednesday, as the toymaker leans on strength of “Magic: The Gathering” games and cost-cutting efforts to weather the impact from mounting economic and tariff uncertainty. While Hasbro has benefited from a steady growth in segments such as digital gaming, the company and its peer Mattel remain vulnerable …

Hasbro lifts annual revenue forecast on strong demand for “Magic: The Gathering” games Read More »

By Valentina Za MILAN (Reuters) -UniCredit on Wednesday reported higher than expected quarterly income and raised its outlook for 2025 and beyond, a day after a clash with the government prompted Italy’s second biggest bank to ditch its takeover bid for rival Banco BPM. UniCredit late on Tuesday said it was withdrawing the offer, blaming …

UniCredit raises outlook with help from Commerzbank stake as it drops BPM bid Read More »