Business

L3Harris beats quarterly revenue estimates on strong weapons demand

Wednesday, July 29 by SRN News

July 29 (Reuters) - Defense supplier L3Harris Technologies beat Wall Street estimates for second-quarter revenue on Wednesday, as it banks on strong demand for weapons and military technology. Defense contractors are seeing increased demand as the Pentagon moves to replenish missile and munitions stockpiles... Read More.

Wisconsin’s appeals court overturns ruling that had restored collective bargaining power

Wednesday, July 29 by SRN News

MADISON, Wis. (AP) - A Wisconsin appeals court on Wednesday restored a 2011 anti-union law that abolished collective bargaining rights, in a setback for unions and public workers. Unions are expected to appeal, sending the case to the Wisconsin Supreme Court, which is controlled... Read More.

Trading Day: All Warshed up

Wednesday, July 29 by SRN News

By Jamie McGeever ORLANDO, Florida, July 29 (Reuters) - U.S. shares tumbled and long-dated Treasury yields surged to multi-decade peaks on Wednesday after the Federal Reserve kept interest rates on hold, while earlier, the rout in South Korean stocks snowballed to historic proportions after chipmaker... Read More.

Microsoft beats Wall Street expectations with $90B in revenue

Wednesday, July 29 by SRN News

Microsoft posted strong results for its quarterly earnings on Wednesday, beating expectations and showing strong growth in its cloud computing platform and a boost in paid AI users. The Redmond, Washington, company earned $90 billion, or $4.81 per share, in the April-June quarter. That... Read More.

Meta shares drop as Q2 profit declines due to legal expenses and severance costs

Wednesday, July 29 by SRN News

Meta Platforms said Wednesday its second-quarter profit declined even as revenue beat Wall Street's expectations, as legal expenses and severance costs for recent layoffs weighed on its results. The Facebook and Instagram parent company earned $15.85 billion, or $6.18 per share, in the April-June... Read More.

European bank rally rolls on as Deutsche Bank, UBS report profit jump

Wednesday, July 29 by SRN News

By Tom Sims, Ariane Luthi and Tommy Reggiori Wilkes FRANKFURT/ZURICH/LONDON, July 29 (Reuters) - Deutsche Bank and UBS beat forecasts again with second-quarter earnings on Wednesday, buoyed by a surge in trading activity and strong retail business as Europe's lenders extend a more than two-year-long... Read More.

Wildfires near Bordeaux bring more troubles to France’s wine industry

Wednesday, July 29 by SRN News

SADIRAC, France (AP) - From his vineyards in Bordeaux wine country, Edouard le Grix de la Salle can sometimes smell the burning forests far away. The smoke brings a whiff of hardship for the region's economic fortunes. Wildfires that have burned an area four times... Read More.

Renault swings to profit on EVs despite rise of Chinese rivals

Wednesday, July 29 by SRN News

By Gilles Guillaume PARIS, July 29 (Reuters) - Renault posted a 9.4% rise in first-half revenue on Wednesday and swung back to profit thanks to strong electric vehicle sales, as it withstood growing pressure from incumbent rivals and Chinese newcomers on car prices across Europe. "Our... Read More.

Aon quarterly profit jumps on commercial risk management strength

Wednesday, July 29 by SRN News

July 29 (Reuters) - Aon reported a jump in second-quarter profit on Wednesday, as the insurance broker giant benefited from robust demand for its commercial risk management offerings. The construction business has benefited from strong data center spending by Big Tech firms, boosting demand for... Read More.

Exclusive-Shell, Phillips 66 weigh sale of stakes in $3.5 billion US pipeline Explorer, sources say

Wednesday, July 29 by SRN News

By David French NEW YORK, July 29 (Reuters) - Shell and Phillips 66 are working on a potential sale of their stakes in the company which owns the Explorer refined products pipeline, in a deal that could value the major piece of U.S. energy infrastructure... Read More.

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Current Weather

L3Harris beats quarterly revenue estimates on strong weapons demand

Wisconsin’s appeals court overturns ruling that had restored collective bargaining power

Trading Day: All Warshed up

Microsoft beats Wall Street expectations with $90B in revenue

Meta shares drop as Q2 profit declines due to legal expenses and severance costs

European bank rally rolls on as Deutsche Bank, UBS report profit jump

Wildfires near Bordeaux bring more troubles to France’s wine industry

Renault swings to profit on EVs despite rise of Chinese rivals

Aon quarterly profit jumps on commercial risk management strength

Exclusive-Shell, Phillips 66 weigh sale of stakes in $3.5 billion US pipeline Explorer, sources say

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