Business

Europe heat wave puts all major Italian cities on red alert as Austria sets heat record

Thursday, August 6 by SRN News

ROME (AP) - Italy placed all of its major cities under the highest heat alert Thursday as a blistering heat wave gripped Europe, setting a national temperature record in Austria, fueling wildfires in France and disrupting energy and transport systems across the continent. The extreme... Read More.

UniCredit, Commerzbank CEOs briefly spoke but did not start merger talks, source says

Thursday, August 6 by SRN News

FRANKFURT, Aug 6 (Reuters) - The CEOs of UniCredit and Commerzbank briefly met on the sidelines of a private event after the Italian bank secured 48% of its German rival in a takeover bid, but their exchange did not mark the start of any... Read More.

Restaurant Brands beats quarterly same-store sales estimates on Burger King strength

Thursday, August 6 by SRN News

Aug 6 (Reuters) - Restaurant Brands International beat overall same-store sales growth expectations for the second quarter, helped by resilient demand at its Burger King chain in the U.S. Fast-food chains have increasingly leaned on value menus, bundled meal deals and price-focused promotions to attract... Read More.

Morning Bid: Gold stirs

Thursday, August 6 by SRN News

By Mike Dolan August 6 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Markets slipped into something of a holding pattern overnight as eyes homed in on tomorrow's July U.S. employment report and what appears to be... Read More.

Japanese tech company SoftBank Group sees profit drop despite AI investments

Thursday, August 6 by SRN News

TOKYO (AP) - Technology investor SoftBank Group Corp. reported Thursday an 18% drop in fiscal first quarter profit, as higher costs offset its investment gains. SoftBank Group, which invests aggressively in artificial intelligence, energy and robotics, recorded a 347.3 billion yen ($2.2 billion) profit for... Read More.

Warner Bros Discovery revenue disappoints on soft ad sales, weaker box office performance

Thursday, August 6 by SRN News

Aug 6 (Reuters) - Warner Bros Discovery missed second-quarter revenue expectations on Thursday, hurt by lackluster box-office performance and soft advertising sales due to the absence of NBA games. Studio revenue slumped 39%, with releases including "Mortal Kombat II" and "Supergirl" failing to replicate the... Read More.

S&P 500, Dow futures steady as MidEast deal in focus; chips stumble

Thursday, August 6 by SRN News

Aug 6 (Reuters) - S&P 500 and Dow futures were steady on Thursday after this week's record-breaking rally as investors awaited details on a Middle East peace deal, while Nasdaq futures slipped as strong forecasts from Western Digital and SanDisk failed to impress. Data storage... Read More.

Nutrien misses profit estimates as lower volumes blunt higher fertilizer prices

Thursday, August 6 by SRN News

Aug 5 (Reuters) - Nutrien missed analysts' estimates for second-quarter profit on Wednesday as lower potash and nitrogen sales volumes offset the benefit of higher fertilizer prices at the world's largest potash producer. Fertilizer producers have benefited from firmer nutrient prices this year, but earnings... Read More.

Possible Strait of Hormuz deal, Israeli soldiers killed in Lebanon and other news in the Mideast

Thursday, August 6 by SRN News

Iran says it's in the final stage of drafting an agreement on the Strait of Hormuz waterway with Oman, while two Israeli soldiers have been killed in Lebanon. Here's a look at the latest developments in the Iran war and the wider Middle East on... Read More.

Where extreme heat is having the biggest impact on Americans’ lives, according to a new AP-NORC poll

Thursday, August 6 by SRN News

Elisa Bracamonte has lived in Arizona her whole life, so she's used to adjusting her schedule and outdoor activities around high temperatures, especially during the summer months. But the 74-year-old retired nurse from Tucson said she feels the heat has been impacting more of... Read More.

Current Weather

Europe heat wave puts all major Italian cities on red alert as Austria sets heat record

UniCredit, Commerzbank CEOs briefly spoke but did not start merger talks, source says

Restaurant Brands beats quarterly same-store sales estimates on Burger King strength

Morning Bid: Gold stirs

Warner Bros Discovery revenue disappoints on soft ad sales, weaker box office performance

S&P 500, Dow futures steady as MidEast deal in focus; chips stumble

Nutrien misses profit estimates as lower volumes blunt higher fertilizer prices

Possible Strait of Hormuz deal, Israeli soldiers killed in Lebanon and other news in the Mideast

Where extreme heat is having the biggest impact on Americans’ lives, according to a new AP-NORC poll

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