Business

Starbucks defeats shareholder lawsuit over US, China sales declines

Thursday, July 16 by SRN News

July 16 (Reuters) - A federal judge dismissed a lawsuit accusing Starbucks of defrauding shareholders by intentionally concealing declining sales in the United States and China, its largest markets. • U.S. District Judge John Chun in Seattle said Starbucks' "innocent explanation" that former Chief Executive... Read More.

Boeing nears approval of 737 MAX anti-ice fix, paving way for deliveries

Thursday, July 16 by SRN News

By Dan Catchpole SEATTLE, July 16 (Reuters) - Boeing is in the final stages of getting regulatory certification for an engine anti-ice system fix for its 737 MAX jetliner, company executives said, paving the way for the long-delayed MAX 7 and 10 versions to enter... Read More.

S&P 500, Nasdaq open lower as chip stocks weaken

Thursday, July 16 by SRN News

July 16 (Reuters) - The S&P 500 and the Nasdaq opened lower on Thursday as chip stocks weakened again, while investors parsed fresh economic data for clues on the health of the economy. The Dow Jones Industrial Average rose 266.2 points, or 0.51%, at the... Read More.

US home builder sentiment falls in July amid affordability challenges

Thursday, July 16 by SRN News

WASHINGTON, July 16 (Reuters) - U.S. homebuilder sentiment unexpectedly fell in July, weighed down by economic uncertainty and high mortgage rates amid conflict in the Middle East, a survey showed on Thursday. The National Association of Home Builders/Wells Fargo Housing Market index dropped two points... Read More.

US pending home sales slump in June amid affordability challenges

Thursday, July 16 by SRN News

WASHINGTON, July 16 (Reuters) - Contracts to purchase previously owned U.S. homes fell more than expected in June as higher mortgages and house prices pushed prospective buyers to the sidelines. The pending home sales index tumbled 5.4% last month to 72.5, the National Association... Read More.

German state minister says higher tariffs could boost Chinese interest in VW plant

Thursday, July 16 by SRN News

BERLIN, July 16 (Reuters) - The European Union should consider raising tariffs on cars made in China to increase pressure on Chinese automakers to partner with European manufacturers such as Volkswagen, a minister in the German state of Saxony, home to a VW plant,... Read More.

Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds

Thursday, July 16 by SRN News

NEW YORK (AP) - Shoppers slowed their spending in June from May amid continuing economic uncertainty and fading benefits from generous government tax refunds. Retail sales rose 0.2% in June, after being up a revised 1% in May, according to the Commerce Department's report... Read More.

US weekly unemployment claims fall to 208,000, fewest in 10 weeks

Thursday, July 16 by SRN News

WASHINGTON (AP) - Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low. The number of Americans applying for jobless aid in the week ending July 11 dropped by 8,000 to 208,000, the Labor Department... Read More.

GE Aerospace lifts 2026 forecast as airlines keep up maintenance spending

Thursday, July 16 by SRN News

July 16 (Reuters) - GE Aerospace raised its 2026 profit forecast on Thursday, as spending from airlines on aftermarkets services and parts remained resilient despite higher fuel prices and fewer flight departures. Airlines worldwide have been forced to tighten spending and trim capacity to protect... Read More.

UnitedHealth raises 2026 profit forecast on tighter control on medical costs

Thursday, July 16 by SRN News

By Amina Niasse NEW YORK, July 16 (Reuters) - UnitedHealth Group on Thursday raised its 2026 profit forecast, as the company had a better handle on medical costs and improved operating income in its Optum health services business, sending its shares up nearly 7% before... Read More.

Current Weather

Starbucks defeats shareholder lawsuit over US, China sales declines

Boeing nears approval of 737 MAX anti-ice fix, paving way for deliveries

S&P 500, Nasdaq open lower as chip stocks weaken

US home builder sentiment falls in July amid affordability challenges

US pending home sales slump in June amid affordability challenges

German state minister says higher tariffs could boost Chinese interest in VW plant

Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds

US weekly unemployment claims fall to 208,000, fewest in 10 weeks

GE Aerospace lifts 2026 forecast as airlines keep up maintenance spending

UnitedHealth raises 2026 profit forecast on tighter control on medical costs

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