Business

EssilorLuxottica profit beats forecasts, AI glasses and myopia products drive revenue growth

Tuesday, July 28 by SRN News

MILAN, July 28 (Reuters) - Franco-Italian eyewear maker EssilorLuxottica reported a 15% rise in first-half adjusted operating profit on Tuesday, comfortably beating analysts' expectations, while revenue growth was driven by strong demand for AI-enabled glasses and products in its myopia management portfolio. The Ray-Ban maker... Read More.

Azerbaijan court convicts 9 journalists and activists in a case seen as an attack on media freedom

Tuesday, July 28 by SRN News

A court in Azerbaijan has convicted nine journalists and founders of a top independent news outlet on charges of financial crimes and sentenced them to prison in what international media rights groups denounced Tuesday as a politically driven case to stifle critical voices in... Read More.

Drivers endure overnight gas lines as a war-driven fuel shortage grips Iraq’s Kurdish region

Tuesday, July 28 by SRN News

IRBIL, Iraq (AP) - Drivers in Iraq's semiautonomous northern Kurdish region waited in line for hours, some overnight, to buy gasoline in recent days as a fuel crisis gripped the main city, Irbil. Most private gas stations were shuttered Tuesday, with only a handful of... Read More.

Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation

Tuesday, July 28 by SRN News

WASHINGTON (AP) - The Federal Reserve is expected to keep its key interest rate unchanged when it meets Tuesday and Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who... Read More.

UPS raises full-year forecast after upbeat quarter, wraps up Amazon volume transition

Tuesday, July 28 by SRN News

LOS ANGELES, July 28 (Reuters) - United Parcel Service raised its annual revenue forecast and posted second-quarter results above Wall Street estimates on Tuesday after a planned pullback in Amazon.com volumes as a promised return to year-over-year growth materialized. The world's largest parcel delivery company,... Read More.

Bar to Fed rate hike this week remains high even as markets see a chance

Tuesday, July 28 by SRN News

By Ann Saphir and Michael S. Derby WASHINGTON, July 28 (Reuters) - The bar for a Federal Reserve interest rate hike this week is likely higher than reflected in rate futures markets, not only due to cooler-than-expected inflation data and another lull in hostilities between... Read More.

Morning Bid: Chip rout snowballs

Tuesday, July 28 by SRN News

By Mike Dolan July 28 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chip stock correction snowballed again overnight amid growing concerns about rising competition and circular financing. This comes ahead of a set of critical earnings... Read More.

Fitch warns AI market correction emerging as major global credit risk

Tuesday, July 28 by SRN News

By Marc Jones LONDON, July 28 (Reuters) - The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and unprecedented AI spending may be running ahead... Read More.

Coca-Cola lifts annual forecasts on strong demand for sodas

Tuesday, July 28 by SRN News

July 28 (Reuters) - Coca-Cola on Tuesday raised its annual revenue and profit forecasts, betting on strong demand for its zero sugar beverages as well as its fairlife milk brand in the United States. The company expects organic revenue growth of about 5%, compared with... Read More.

Hilton raises annual room revenue growth forecast on strong luxury hotel demand

Tuesday, July 28 by SRN News

July 28 (Reuters) - Hilton Worldwide Holdings raised its forecast for full-year room revenue growth on Tuesday as demand from its luxury properties remained robust. Wealthier households have continued to spend on luxury experiences despite persistent inflationary pressures and weaker revenue from the Middle East... Read More.

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Current Weather

EssilorLuxottica profit beats forecasts, AI glasses and myopia products drive revenue growth

Azerbaijan court convicts 9 journalists and activists in a case seen as an attack on media freedom

Drivers endure overnight gas lines as a war-driven fuel shortage grips Iraq’s Kurdish region

Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation

UPS raises full-year forecast after upbeat quarter, wraps up Amazon volume transition

Bar to Fed rate hike this week remains high even as markets see a chance

Morning Bid: Chip rout snowballs

Fitch warns AI market correction emerging as major global credit risk

Coca-Cola lifts annual forecasts on strong demand for sodas

Hilton raises annual room revenue growth forecast on strong luxury hotel demand

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