Business

Takeaways from the AP-Reporter Brasil story on the US and others turning to Brazil for rare earths

Thursday, August 20 by SRN News

SAO PAULO (AP) - The world is increasingly turning to Brazil to explore for rare earth minerals that are crucial for technology and renewable energy. The country's large reserves are second only to China and have attracted investors, many of them with foreign support. An... Read More.

US unemployment claims dropped to 206,000 last week with layoffs still sparse

Thursday, August 20 by SRN News

WASHINGTON (AP) - Fewer people applied for U.S. unemployment benefits last week, another sign that layoffs remain low and that most Americans enjoy job security. The Labor Department reported Thursday that jobless claims dropped to 206,000 last week from a revised 212,000 the week before.... Read More.

Gains in AI company stakes juice second-quarter earnings for S&P 500

Thursday, August 20 by SRN News

By Caroline Valetkevitch NEW YORK, Aug 20 (Reuters) - S&P 500 companies are winding up a banner quarterly earnings season, fueled in large part by surging profits at AI-related companies. The S&P 500 is on track for a 52% surge in aggregate second-quarter earnings from the... Read More.

Analysis-Target’s grocery bet is paying off. Now it must get shoppers beyond the snack aisle

Thursday, August 20 by SRN News

By Nicholas P. Brown and Juveria Tabassum NEW YORK, Aug 20 (Reuters) - Target's bet on groceries helped drive its fastest growth in that business in three years, but a lasting turnaround hinges on whether it can persuade shoppers who come for milk and snacks... Read More.

Morning Bid: Twist and shout

Thursday, August 20 by SRN News

By Mike Dolan Aug 20 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Buybacks to the rescue? The surprising move by the U.S. Treasury to double the amount of bond buybacks in the two months before the... Read More.

Deere raises 2026 net income forecast after first quarterly profit rise in three years

Thursday, August 20 by SRN News

Aug 20 (Reuters) - Deere, the world's largest farm equipment manufacturer, raised its full-year net income forecast on Thursday, after robust demand for small tractors and construction equipment helped the company post its first rise in quarterly profit in nearly three years. Rising U.S. government... Read More.

States pour taxpayer dollars into college sports as athlete pay, soaring costs squeeze budgets

Thursday, August 20 by SRN News

Win or lose, the North Carolina Tar Heels already will be in elite company when they kick off the college football season against Texas Christian University in a game played in Dublin. They will be among a small but growing number of athletic programs... Read More.

Shein postpones Hong Kong debut to September, SCMP reports

Thursday, August 20 by SRN News

Aug 20 (Reuters) - Shein has pushed back its market debut in Hong Kong until September following a slight delay in taking investor orders for the fast-fashion retailer's IPO at a reduced valuation, the South China Morning Post reported on Thursday. Shein plans to introduce... Read More.

Wall St futures muted as bond yields resume climb; Walmart drops after results

Thursday, August 20 by SRN News

By Avinash P and Purvi Agarwal Aug 20 (Reuters) - U.S. stock index futures were largely subdued on Thursday as government bond yields rebounded after a respite earlier in the week, while markets assessed Walmart's earnings. The retail bellwether dropped 5.8% in premarket trading after... Read More.

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Thursday, August 20 by SRN News

By Juveria Tabassum and Nicholas P. Brown Aug 20 (Reuters) - Walmart missed Wall Street expectations for quarterly comparable sales on Thursday as shoppers pulled back on spending in the face of rising gas prices, sending its shares down 6% in premarket trading. The world's largest... Read More.

Current Weather

Takeaways from the AP-Reporter Brasil story on the US and others turning to Brazil for rare earths

US unemployment claims dropped to 206,000 last week with layoffs still sparse

Gains in AI company stakes juice second-quarter earnings for S&P 500

Analysis-Target’s grocery bet is paying off. Now it must get shoppers beyond the snack aisle

Morning Bid: Twist and shout

Deere raises 2026 net income forecast after first quarterly profit rise in three years

States pour taxpayer dollars into college sports as athlete pay, soaring costs squeeze budgets

Shein postpones Hong Kong debut to September, SCMP reports

Wall St futures muted as bond yields resume climb; Walmart drops after results

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

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