By Nora Eckert and Nathan Gomes (Reuters) -General Motors’ second-quarter earnings took a $1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday, supported by strong sales of its core gasoline trucks and SUVs. The largest U.S. automaker by sales said it expects the tariff impact to worsen in …
Trump tariffs take $1-billion bite out of GM earnings, shares fall Read More »
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Late-night rivals and other celebrities rallied to support CBS “Late Show” host Stephen Colbert after the network canceled his show, and comedian Jon Stewart lashed out at Paramount Global for the decision to end the long-running TV program. On “The Late Show with Stephen Colbert” on …
Comedians support CBS ‘Late Show’ host Colbert, Jon Stewart rips Paramount Read More »
MEXICO CITY (Reuters) -Mexican broadcaster Televisa on Tuesday reported a net profit of 474.5 million pesos ($25.3 million) for the second quarter, landing in the black after logging a 25.6 million peso loss in the year-ago period. Revenues slid 6%, meanwhile, to 14.73 billion pesos, in line with the estimate from analysts polled by LSEG. …
Mexican broadcaster Televisa flips to profit in second quarter Read More »
By Saqib Iqbal Ahmed and Johann M Cherian (Reuters) -Shares of Kohl’s Corp briefly doubled in value on Tuesday, as retail traders piled into the U.S. department store chain’s stocks and options, making it one of the most actively traded stocks on retail trading platforms. Kohl’s shares opened up about 100% at a 10-month high …
Kohl’s shares jump as retail traders drive ‘meme-stock’-like rally Read More »
By Pete Schroeder and Saeed Azhar WASHINGTON (Reuters) -Senator Elizabeth Warren has warned BNY that its reported interest in a merger with Northern Trust could violate federal banking laws, saying any potential deal between the two large custody banks raises antitrust concerns. Warren, the top Democrat on the Senate Banking Committee and a longtime big …
(Reuters) -Hershey has told retailers it will be taking a double-digit price increase on average across its confection portfolio due to a surge in costs of cocoa, a company spokesperson said on Tuesday. The maker of Reese’s Peanut Butter Cups declined to comment on the specifics of the pricing action as discussions with its retail …
Hershey to raise chocolate prices as cocoa costs remain high Read More »
By Hannah Lang (Reuters) -PNC Bank is working with cryptocurrency exchange Coinbase to offer crypto trading to the bank’s customers, the companies said on Tuesday, in a sign that crypto is moving toward becoming increasingly interconnected to mainstream finance. PNC will use Coinbase’s institutional “crypto-as-a-service” platform to develop an offering that will allow PNC clients …
PNC taps Coinbase to create crypto trading offering for bank customers Read More »
By Arathy Somasekhar HOUSTON (Reuters) -U.S. oilfield service provider Halliburton on Tuesday said Mexico’s oil production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers. Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% in May to 1.64 million …
Halliburton says Mexico oil output decline rates will pressure reactivation of business Read More »
By Curtis Williams HOUSTON (Reuters) -Exxon Mobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East Coast of the Caribbean country, which the top U.S. oil producer left more than two decades ago, two sources close to the talks told …
Exclusive-Exxon in talks with Trinidad for seven deepwater blocks, sources say Read More »
(Reuters) -Tesla’s electric vehicle registrations in California fell 21.1% in the second quarter, according to industry data, marking the seventh consecutive quarterly drop in the crucial U.S. market. The automaker’s plunging vehicle registrations come as CEO Elon Musk’s polarizing political activity puts him at odds with the liberal values dominant in the state, which has …
Tesla’s California sales down for seven straight quarters Read More »
