Business

Stocks muted as investors count down to Fed verdict, tech earnings

Wednesday, July 29 by SRN News

By Niket Nishant and Ankur Banerjee July 29 (Reuters) - Global shares struggled to push higher on Wednesday, as modest gains in Europe and the U.S. did little to soothe investors spooked by a punishing selloff in Asia, where unease over AI valuations has frayed... Read More.

Electrolux beats profit forecast as savings pay off, but US demand weakens

Wednesday, July 29 by SRN News

By Greta Rosen Fondahn STOCKHOLM, July 29 (Reuters) - Electrolux reported a surprise rise in core profits on Wednesday, but said market conditions weakened in North America, a key region for the home appliances maker as it tries to turn around its business and restructure... Read More.

DTE Energy tops quarterly profit estimates as energy trading unit shines

Wednesday, July 29 by SRN News

By Sumit Saha July 28 (Reuters) - U.S. Midwest utility DTE Energy beat Wall Street estimates for second-quarter profit on Tuesday, as stronger earnings from its energy trading business helped offset weaker results at its electric and gas operations. DTE's shares rose 2% in the morning... Read More.

Porsche restructuring starting to pay off, says CEO

Wednesday, July 29 by SRN News

By Rachel More BERLIN, July 29 (Reuters) - Porsche's restructuring measures have enabled the luxury carmaker to confirm 2026 guidance despite multiple challenges, it said after reporting half-year results on Wednesday. CEO Michael Leiters said the company, majority owned by Volkswagen, had worked intensively on strategy... Read More.

“Ugly and rusty,” Venezuela’s refineries are relics that will be hard to revive

Wednesday, July 29 by SRN News

By Mircely Guanipa , Tibisay Romero and Deisy Buitrago PUNTO FIJO/EL PALITO, Venezuela, July 29 (Reuters) - The Paraguana Refining Center in Western Venezuela once symbolized the country's oil wealth and its ambition to turn vast crude reserves into fuels and export revenue. Today, the... Read More.

Biogen beats quarterly estimates as newer drugs fuel growth

Wednesday, July 29 by SRN News

July 29 (Reuters) - Biogen reported second-quarter profit and revenue that topped Wall Street estimates on Wednesday, driven by strong demand for its rare-disease medicines, while sales of its legacy multiple sclerosis drugs stayed under pressure. Investors are closely watching whether recent deals and newer... Read More.

Uncertainty creeps into Fed’s rate decision as Warsh keeps his cards hidden

Wednesday, July 29 by SRN News

By Ann Saphir and Michael S. Derby WASHINGTON, July 29 (Reuters) - The Federal Reserve is seen as more likely to leave interest rates steady on Wednesday even as a growing number of its policymakers fret openly about inflation, but the outcome is unusually uncertain... Read More.

Microsoft set for $190 billion market value swing after earnings results, options indicate

Wednesday, July 29 by SRN News

By Laura Matthews NEW YORK, July 29 (Reuters) - Options traders expect a roughly $190 billion swing in Microsoft's market value after it reports earnings on Wednesday, an unusually large move that underscores investors' growing eagerness to see if billions of dollars in AI spending... Read More.

UBS flags $3 billion in new buybacks by end-June after forecast-beating quarter

Wednesday, July 29 by SRN News

By Ariane Luthi ZURICH, July 29 (Reuters) - UBS booked a 17% jump in second-quarter profit on Wednesday, ahead of expectations, and said it plans to buy back shares worth $3 billion by the middle of next year at the latest. Of that, it intends to... Read More.

South Korea $2 trillion stock rout breaks records as SK Hynix results disappoint

Wednesday, July 29 by SRN News

By Gregor Stuart Hunter, Rae Wee and Jihoon Lee SINGAPORE/SEOUL, July 29 (Reuters) - South Korean stocks plunged for a second straight session on Wednesday as Asia's once-blazing AI rally morphed into a brutal market reckoning, wiping as much as $2.18 trillion from Seoul's equity... Read More.

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Current Weather

Stocks muted as investors count down to Fed verdict, tech earnings

Electrolux beats profit forecast as savings pay off, but US demand weakens

DTE Energy tops quarterly profit estimates as energy trading unit shines

Porsche restructuring starting to pay off, says CEO

“Ugly and rusty,” Venezuela’s refineries are relics that will be hard to revive

Biogen beats quarterly estimates as newer drugs fuel growth

Uncertainty creeps into Fed’s rate decision as Warsh keeps his cards hidden

Microsoft set for $190 billion market value swing after earnings results, options indicate

UBS flags $3 billion in new buybacks by end-June after forecast-beating quarter

South Korea $2 trillion stock rout breaks records as SK Hynix results disappoint

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