Business

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.

KKR’s profit jumps on dealmaking strength, asset growth

Thursday, July 30 by SRN News

By Isla Binnie July 30 (Reuters) - KKR raked in higher fees from managing a growing stack of assets and cashed out on more investments in the second quarter, the New York-based investment firm said on Thursday. Fee from managing client money, which KKR earns... Read More.

Bristol Myers raises 2026 forecast as Eliquis, newer medicines power results

Thursday, July 30 by SRN News

By Michael Erman July 30 (Reuters) - Bristol Myers Squibb raised its full-year revenue and profit forecast on Thursday after reporting second-quarter results that came in well ahead of Wall Street estimates, driven by strong sales of blood thinner Eliquis and newer drugs like heart... Read More.

Yum posts solid results, cyclospora outbreak threatens Taco Bell momentum

Thursday, July 30 by SRN News

July 30 (Reuters) - Yum Brands posted better-than-expected quarterly profit and a rise in comparable sales on Thursday, amid concerns the growing cyclospora outbreak linked to its Taco Bell chain may weigh on near-term demand. Taco Bell has been Yum's main growth driver, drawing consumers... Read More.

Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast

Thursday, July 30 by SRN News

July 30 (Reuters) - Qualcomm shares fell about 5% in premarket trading on Thursday after the chipmaker's warning about higher memory costs and a steeper decline in Apple revenue raised concerns about near-term profit growth. A surge in AI infrastructure spending has tightened semiconductor supply... Read More.

Starbucks shares rise as Niccol’s turnaround gains momentum

Thursday, July 30 by SRN News

July 30 (Reuters) - Starbucks shares jumped 5.6% in premarket trading on Thursday, after a fourth straight quarter of comparable sales growth and increased annual targets indicated CEO Brian Niccol's efforts were yielding sustainable results. • Niccol's turnaround completes two years in September, and has... Read More.

L’Oreal to launch first Gucci beauty products as early as 2028, CEO says

Thursday, July 30 by SRN News

PARIS, July 30 (Reuters) - L'Oreal plans to launch its first Gucci beauty products as early as 2028, the company's Chief Executive Nicolas Hieronimus said on Thursday, adding he was "super ambitious" for the brand that is also showing signs of improvement in its... Read More.

EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China

Thursday, July 30 by SRN News

BRUSSELS (AP) - The European Union is offering 10 billion euros ($11.4 billion) in funding for firms to erect seven AI gigafactories as it seeks to close the AI gap with U.S. and China, the 27-nation bloc's executive said on Thursday. The European Commission said... Read More.

EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China

Thursday, July 30 by SRN News

BRUSSELS (AP) - EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China. Brought to you by www.srnnews.com

Shell more than doubles its profit in Q2, beating expectations

Thursday, July 30 by SRN News

By Stephanie Kelly and Shadia Nasralla LONDON, July 30 (Reuters) - Shell's adjusted earnings, its definition of net profit, reached $9.84 billion in the second quarter, it said on Thursday, beating expectations and more than doubling its profit from the same time last year. Higher oil... Read More.

Current Weather

Hershey beats quarterly sales estimates

KKR’s profit jumps on dealmaking strength, asset growth

Bristol Myers raises 2026 forecast as Eliquis, newer medicines power results

Yum posts solid results, cyclospora outbreak threatens Taco Bell momentum

Starbucks shares rise as Niccol’s turnaround gains momentum

L’Oreal to launch first Gucci beauty products as early as 2028, CEO says

EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China

EU lays out $11.4 billion for 7 AI gigafactories as it aims to catch up with US and China

Shell more than doubles its profit in Q2, beating expectations

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