Business

Altria misses quarterly profit estimates as premium cigarette demand weakens

Thursday, July 30 by SRN News

July 30 (Reuters) - Marlboro maker Altria Group fell short of second-quarter earnings per share as macroeconomic uncertainty weighed on spending patterns, hurting demand for its premium cigarettes and nicotine pouches. Altria's shares were down 3% in premarket trading. The company has focused on alternatives to... Read More.

Intercontinental Exchange to buy MarketAxess in $5.7 billion deal

Thursday, July 30 by SRN News

July 30 (Reuters) - Intercontinental Exchange said on Thursday it will acquire MarketAxess Holdings in a deal valued at $5.7 billion to expand fixed-income offerings. Under the agreement, ICE will buy all outstanding shares of the trading platform for $167 each in cash, the exchange... Read More.

Regeneron beats quarterly estimates on eczema drug strength, shares rise

Thursday, July 30 by SRN News

July 30 (Reuters) - Regeneron on Thursday beat Wall Street estimates for second-quarter revenue and profit, helped by strong demand for its eczema drug Dupixent and a high-dose version of its eye drug Eylea. Shares rose nearly 5% before the bell. Here are the details: • Global... Read More.

US weekly jobless claims increase less than expected

Thursday, July 30 by SRN News

WASHINGTON, July 30 (Reuters) - The number of Americans filing claims for unemployment benefits increased less than expected last week, suggesting that labor market conditions remained stable. Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 197,000 for the week ended July... Read More.

AI cloud provider Nscale to buy software startup Anyscale

Thursday, July 30 by SRN News

July 30 (Reuters) - Cloud infrastructure provider Nscale will buy AI software startup Anyscale to help clients better manage and run AI systems efficiently, the companies said on Thursday. Bloomberg News first reported the news, saying the deal price is about $1.65 billion, citing a... Read More.

Major central banks steer a cautious hiking path

Thursday, July 30 by SRN News

By Alun John and Stefano Rebaudo LONDON/MILAN , July 30 (Reuters) - The bond market selloff after this week's Federal Reserve meeting highlights the challenge policymakers face as they grapple with what higher energy prices and the uncertain consequences of AI advances will mean for... Read More.

Pickup truck profits highlight growing divide among global automakers

Thursday, July 30 by SRN News

By Nick Carey LONDON, July 30 (Reuters) - From Fiat to Ferrari, results on Thursday highlighted a growing gap between the carmakers raking in cash by selling gas-guzzling pickups to Americans and those struggling to compete with Chinese rivals in a world that is slowly... Read More.

Lilly, Resilience to invest $750 million in US drug manufacturing expansion

Thursday, July 30 by SRN News

July 30 (Reuters) - Drugmaker Eli Lilly and privately held contract manufacturer Resilience will invest $750 million to expand pharmaceutical manufacturing capacity in the U.S. and strengthen the domestic medicine supply chain, Resilience said on Thursday. Global drugmakers have been ramping up U.S. manufacturing... Read More.

US stock futures steady as Microsoft offsets Fed concerns

Thursday, July 30 by SRN News

July 30 (Reuters) - U.S. stock index futures steadied on Thursday after a sharp selloff driven by uncertainty around the Federal Reserve's policy outlook, while Microsoft's forecast-beating results soothed investor concerns about massive AI spending by companies. Microsoft rose nearly 9% in premarket trading... Read More.

Hershey beats quarterly sales estimates

Thursday, July 30 by SRN News

July 30 (Reuters) - Hershey exceeded Wall Street expectations for second-quarter sales on Thursday as higher prices and steady demand for its Reese's chocolates and Dot's Pretzels helped offset a cautious spending environment. The company posted an overall net sales increase of 6.6% to $2.79... Read More.

Current Weather

Altria misses quarterly profit estimates as premium cigarette demand weakens

Intercontinental Exchange to buy MarketAxess in $5.7 billion deal

Regeneron beats quarterly estimates on eczema drug strength, shares rise

US weekly jobless claims increase less than expected

Major central banks steer a cautious hiking path

Pickup truck profits highlight growing divide among global automakers

Lilly, Resilience to invest $750 million in US drug manufacturing expansion

US stock futures steady as Microsoft offsets Fed concerns

Hershey beats quarterly sales estimates

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