Business

Fox posts upbeat revenue, profit on ad boost from FIFA World Cup

Thursday, August 6 by SRN News

Aug 6 (Reuters) - Fox Corp beat Wall Street estimates for fourth-quarter revenue and profit on Thursday, as the FIFA World Cup boosted advertising sales during a busy news cycle, sending its shares up 2% in premarket trading. The company held the exclusive U.S. English-language... Read More.

US productivity rises faster than expected in second quarter

Thursday, August 6 by SRN News

WASHINGTON, Aug 6 (Reuters) - U.S. worker productivity grew faster than expected in the second quarter and further gains are likely as businesses invest in artificial intelligence, which is expected to keep wage inflation contained. Nonfarm productivity, which measures hourly output per worker, increased at... Read More.

Ford’s new EV truck Fathom to be priced starting at about $28,000

Thursday, August 6 by SRN News

By Nora Eckert DETROIT, Aug 6 (Reuters) - Ford Motor said on Thursday that its upcoming midsize electric pickup truck would be priced starting at about $28,000 and named Fathom, as the Michigan automaker looks to offer an affordable model in a market full of... Read More.

One Tech Tip: Using your smartphone to capture the August total solar eclipse over Europe

Thursday, August 6 by SRN News

Millions of people will get to experience - and film or photograph - a rare total solar eclipse set to sweep over parts of Europe next week. The event is expected to boost tourism to Spain as eclipse enthusiasts flock to a swath of... Read More.

US filings for jobless benefits rise to 199,000 last week, but layoffs remain historically low

Thursday, August 6 by SRN News

The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years. U.S. filings for jobless aid in the week ending August 1 rose by 1,000 to 199,000, the Labor Department reported Thursday.... Read More.

New kind of flu shot is on the way as the FDA approves Moderna’s mRNA-based vaccine

Thursday, August 6 by SRN News

WASHINGTON (AP) - The Food and Drug Administration has approved a new kind of flu vaccine for older people, the first made with the same mRNA technology that was key to ending the COVID-19 pandemic, manufacturer Moderna said. The shot, named mFlusiva, is intended for... Read More.

Britain clears Paramount’s $110 billion acquisition of Warner Bros

Thursday, August 6 by SRN News

Aug 6 (Reuters) - Britain on Thursday cleared Paramount Skydance's $110 billion acquisition of Warner Bros Discovery on both competition and public interest grounds. The government said it would not intervene in the deal after Paramount strengthened its assurances about programming and news provision. Britain... Read More.

Kenvue misses quarterly estimates as inflation, tariffs squeeze margins

Thursday, August 6 by SRN News

Aug 6 (Reuters) - Kenvue narrowly missed Wall Street estimates for second-quarter results on Thursday as inflation, tariffs and currency-related costs squeezed margins. The consumer-health company, currently in the midst of a $40 billion buyout by Kimberly-Clark, expects the deal to close in the fourth... Read More.

Keurig Dr Pepper reaffirms forecast on strong soda, energy drink demand

Thursday, August 6 by SRN News

Aug 6 (Reuters) - Keurig Dr Pepper on Thursday left its annual forecasts unchanged after beating analysts' estimates for second-quarter sales and profit, helped by strength in its sodas and energy drinks portfolios, even as it navigates weakness in its coffee business. Shares of the... Read More.

ConocoPhillips completes $1.7 billion asset sale, hits divestiture target early

Thursday, August 6 by SRN News

Aug 6 (Reuters) - ConocoPhillips said on Thursday it has completed the sale of $1.7 billion of noncore Lower 48 assets in July, helping the U.S. oil producer reach its $5 billion asset disposition target ahead of schedule. Here are some details: • Asset sales have... Read More.

Current Weather

Fox posts upbeat revenue, profit on ad boost from FIFA World Cup

US productivity rises faster than expected in second quarter

Ford’s new EV truck Fathom to be priced starting at about $28,000

One Tech Tip: Using your smartphone to capture the August total solar eclipse over Europe

US filings for jobless benefits rise to 199,000 last week, but layoffs remain historically low

New kind of flu shot is on the way as the FDA approves Moderna’s mRNA-based vaccine

Britain clears Paramount’s $110 billion acquisition of Warner Bros

Kenvue misses quarterly estimates as inflation, tariffs squeeze margins

Keurig Dr Pepper reaffirms forecast on strong soda, energy drink demand

ConocoPhillips completes $1.7 billion asset sale, hits divestiture target early

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