Business

P&G is acquiring supplements maker Thorne, CEO Jejurikar tells CNBC

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Tide maker Procter & Gamble will announce the acquisition of supplements maker Thorne on Tuesday, P&G CEO Shailesh Jejurikar told CNBC in an interview. "What I can say is the price is a good price for the growth rates they have.... Read More.

Fed’s Paulson keeps ‘open mind’ on rate policy outlook amid high inflation

Tuesday, August 4 by SRN News

By Michael S. Derby Aug 4 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said Tuesday she was keeping an "open mind" about what lies ahead for monetary policy in an outlook that could call for higher rates. "The recent improvement in some inflation... Read More.

Broadridge quarterly profit climbs on investor communications strength

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Broadridge Financial reported higher fourth-quarter profit on Tuesday, helped by strength in its investor communications business. Shares of the company have fallen about 29.5% so far this year, but rose 1.7% in premarket trading following the results. Here are some details: • Broadridge's... Read More.

US Treasury’s Bessent: Reasonable for Fed to consider upsizing FIMA

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - It would be reasonable for the Federal Reserve to increase the size of a stopgap liquidity facility that Japanese authorities are eyeing for use in their effort to prop up the yen given the bond market has grown since the... Read More.

McDonald’s US sales growth slows as value deals fail to draw enough diners

Tuesday, August 4 by SRN News

By Savyata Mishra Aug 4 (Reuters) - McDonald's on Tuesday missed U.S. sales growth expectations for the second quarter as its value deals failed to sufficiently draw lower-income diners who have been cutting back restaurant spending due to growing economic worries. Comparable sales in the largest... Read More.

DuPont narrows annual sales forecast on water business weakness, shares fall

Tuesday, August 4 by SRN News

By Pooja Menon Aug 4 (Reuters) - DuPont narrowed its annual sales forecast on Tuesday, hurt by weakness in its Middle East water business and a lower foreign-exchange benefit, sending shares down nearly 5% premarket despite a quarterly profit beat and higher full-year earnings... Read More.

Aramco says US-Iran war has cost the global market 2.6 billion barrels of oil

Tuesday, August 4 by SRN News

By Maha El Dahan and Sarah El Safty DUBAI, Aug 4 (Reuters) - The world has lost more than 2.6 billion barrels of oil since the U.S.-Israeli war with Iran began in February, the head of Saudi oil giant Aramco said, warning that global inventories... Read More.

Cargo ship reports being struck in Strait of Hormuz as US, Iran claims about talks diverge

Tuesday, August 4 by SRN News

CAIRO (AP) - A reported strike in the Strait of Hormuz, fresh claims about U.S.-Iran talks, renewed diplomatic mediation efforts, and continued flashpoints in Yemen and Gaza were among the major developments unfolding Tuesday across the region. Cargo ship hit in Strait of Hormuz heightens... Read More.

McDonald’s posts strong second quarter profit, names new leader for US market

Tuesday, August 4 by SRN News

McDonald's posted a strong profit in its second quarter and named a new head of the U.S. market with sales at home under pressure as many Americans grow more cautious about spending. McDonald's said same-store sales, or sales at locations open at least a year,... Read More.

Nippon Steel raises FY2026 profit forecast on strong U.S. Steel earnings

Tuesday, August 4 by SRN News

By Yuka Obayashi TOKYO, Aug 4 (Reuters) - Japan's top steelmaker Nippon Steel on Tuesday raised its full-year net profit forecast by 32% to 290 billion yen ($1.84 billion), citing stronger earnings at U.S. Steel amid a firmer U.S. steel market. • Nippon Steel posted... Read More.

Current Weather

P&G is acquiring supplements maker Thorne, CEO Jejurikar tells CNBC

Fed’s Paulson keeps ‘open mind’ on rate policy outlook amid high inflation

Broadridge quarterly profit climbs on investor communications strength

US Treasury’s Bessent: Reasonable for Fed to consider upsizing FIMA

McDonald’s US sales growth slows as value deals fail to draw enough diners

DuPont narrows annual sales forecast on water business weakness, shares fall

Aramco says US-Iran war has cost the global market 2.6 billion barrels of oil

Cargo ship reports being struck in Strait of Hormuz as US, Iran claims about talks diverge

McDonald’s posts strong second quarter profit, names new leader for US market

Nippon Steel raises FY2026 profit forecast on strong U.S. Steel earnings

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