Business

US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels

Thursday, July 9 by SRN News

WASHINGTON (AP) - The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low. U.S. applications for jobless aid in the week ending July 4 ticked down by 2,000 to 215,000, the Labor Department reported Thursday.... Read More.

PepsiCo tops revenue estimates as zero-sugar drinks help offset North America weakness

Thursday, July 9 by SRN News

By Anuja Bharat Mistry and Alexander Marrow July 9 (Reuters) - PepsiCo beat estimates for second-quarter revenue on Thursday as demand for prebiotic sodas, zero-sugar drinks and protein-rich snacks helped counter weaker North American food sales amid mounting pressure on financially stretched consumers. Food and beverage... Read More.

Honeywell Aero to develop more defense products for Europe outside US export controls

Thursday, July 9 by SRN News

By Allison Lampert July 9 (Reuters) - U.S. supplier Honeywell Aerospace is looking to add more products designed without restricted U.S. technologies as mounting European defense spending drives demand for parts free from possible export roadblocks. NATO leaders have unveiled arms deals worth tens of... Read More.

Morning Bid: Markets remain long TACO

Thursday, July 9 by SRN News

(Corrected to note that the KOSPI ended higher, not lower, on July 9) By Anna Szymanski July 9 (Reuters) - What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Military exchanges between the U.S. and Iran intensified overnight as President Donald... Read More.

Wall St futures rebound as oil retreats, investors weigh US-Iran tensions

Thursday, July 9 by SRN News

July 9 (Reuters) - U.S. stock index futures edged higher on Thursday as global markets and oil prices steadied after fresh U.S. strikes on Iran reignited geopolitical anxiety and threatened to stall efforts to end the four-month conflict. The U.S. military said on Wednesday it... Read More.

Hugo Boss urges shareholders to reject Frasers’ ‘inadequate’ bid

Thursday, July 9 by SRN News

BERLIN, July 9 (Reuters) - German fashion brand Hugo Boss on Thursday urged shareholders not to accept a €2 billion ($2.3 billion) takeover offer from Britain's Frasers Group, saying it was "financially inadequate". The company said the €38-per-share cash offer - a premium of... Read More.

EV maker Polestar’s quarterly sales volumes slide amid US market ban

Thursday, July 9 by SRN News

STOCKHOLM, July 9 (Reuters) - Sweden's Polestar reported a 4% fall in quarterly sales volumes on Thursday, weeks after the EV maker was handed a U.S. market ban starting in the 2027 model year, adding to its ongoing struggles to turn a profit. In the... Read More.

Citigroup expands cross-border instant payments to partner banks

Thursday, July 9 by SRN News

By Tatiana Bautzer NEW YORK, July 9 (Reuters) - Citigroup said it completed its first instant international payment in dollars with a partner bank, Thailand's Siam Commercial Bank. • Phillip Securities Thailand, a client of SCB, made an instant transfer of funds in dollars from... Read More.

US relies more on foreign stock than debt flows, a dollar risk, Deutsche Bank warns

Thursday, July 9 by SRN News

By Amanda Cooper LONDON, July 9 (Reuters) - The United States is relying more than ever on international flows into its companies' shares than investments in its debt to fund itself, a shift that could make the dollar riskier, Deutsche Bank said in a note... Read More.

PepsiCo says economic concerns weighed on customers in North American during recent quarter

Thursday, July 9 by SRN News

NEW YORK (AP) - PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns. The food and beverage giant said Thursday that its net revenue rose 6.4% to... Read More.

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Current Weather

US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels

PepsiCo tops revenue estimates as zero-sugar drinks help offset North America weakness

Honeywell Aero to develop more defense products for Europe outside US export controls

Morning Bid: Markets remain long TACO

Wall St futures rebound as oil retreats, investors weigh US-Iran tensions

Hugo Boss urges shareholders to reject Frasers’ ‘inadequate’ bid

EV maker Polestar’s quarterly sales volumes slide amid US market ban

Citigroup expands cross-border instant payments to partner banks

US relies more on foreign stock than debt flows, a dollar risk, Deutsche Bank warns

PepsiCo says economic concerns weighed on customers in North American during recent quarter

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