Business

Block lifts 2026 profit forecast on Cash App growth, margin gains

Wednesday, August 5 by SRN News

By Manya Saini Aug 5 (Reuters) - Block raised its full-year gross profit forecast on Wednesday after delivering market-beating second-quarter results on the back of resilient consumer spending, strong growth at Cash App and improved margins. Cash App has largely fended off competition by evolving beyond... Read More.

MercadoLibre profit beats forecasts, but third straight decline dents shares

Wednesday, August 5 by SRN News

By Andre Romani SAO PAULO, Aug 5 (Reuters) - MercadoLibre on Wednesday reported a third consecutive quarterly decline in profit, as heavier spending on free shipping and credit-card expansion weighed on margins, overshadowing record revenue and sending its shares lower in after-hours trading. Shares of the... Read More.

Beyond Meat forecasts upbeat quarterly revenue on steady international demand

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - Faux meat-products maker Beyond Meat forecast third-quarter revenue above Wall Street estimates on Wednesday, as resilient demand in its international segment helped counter declining U.S. sales. Here are the details: • Beyond Meat, which struggled to revive the initial enthusiasm for its... Read More.

DoorDash projects strong growth as delivery demand holds firm

Wednesday, August 5 by SRN News

By Neil J Kanatt Aug 5 (Reuters) - DoorDash on Wednesday forecast third-quarter gross order value and core profit above Wall Street estimates after topping results for the prior three months on sustained demand for food, grocery and convenience deliveries. Consumers prioritizing convenience, including for groceries... Read More.

Corpay lifts annual forecasts, to sell non-core UK vehicle payments business

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - Business payments platform Corpay raised its full-year forecasts and reported higher second-quarter profit on Wednesday, helped by continued growth in its corporate and vehicle payment divisions. Despite economic uncertainty and elevated interest rates, business spending held up through the April-June quarter,... Read More.

US securities regulator launches new accounting enforcement team

Wednesday, August 5 by SRN News

NEW YORK, Aug 5 (Reuters) - The U.S. Securities and Exchange Commission said on Wednesday it is establishing a specialized enforcement unit focused on accounting and financial reporting cases. • Timothy Zimmerman, who joined the SEC's Division of Enforcement in May 2026 as a senior... Read More.

Newly spun-off Honeywell Aerospace cuts 2026 forecast on supply-chain woes

Wednesday, August 5 by SRN News

By Aatreyee Dasgupta and Shivansh Tiwary Aug 5 (Reuters) - Honeywell Aerospace lowered 2026 sales growth forecast and issued a weaker-than-expected earnings outlook on Wednesday, as persistent supply-chain hurdles crimped its ability to meet surging aftermarket demand. The company said supply constraints are forcing it to... Read More.

Trading Day: Momentum fizzles, gold sizzles

Wednesday, August 5 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) - Solid corporate earnings and optimism around a peace deal in the Middle East pushed world stocks to new highs on Wednesday, although momentum cooled as investors digested some tech weakness and the latest hawkish remarks on... Read More.

Shale producer APA beats second-quarter profit estimates

Wednesday, August 5 by SRN News

Aug 5 (Reuters) - Oil and gas producer APA beat Wall Street estimates for second-quarter profit on Wednesday, helped by higher oil prices. The U.S.-Israeli conflict with Iran, now in its sixth month, has raised concerns about disruptions to Middle East oil supplies and shipping... Read More.

JPMorgan Chase hires Lissauer for activism defense

Wednesday, August 5 by SRN News

NEW YORK, Aug 5 (Reuters) - JPMorgan Chase is hiring Bank of America executive Amy Lissauer, a veteran adviser to companies facing pressure from activist investors, to bolster its global shareholder engagement practice, according to a memo seen by Reuters. JPMorgan said on Wednesday that... Read More.

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Current Weather

Block lifts 2026 profit forecast on Cash App growth, margin gains

MercadoLibre profit beats forecasts, but third straight decline dents shares

Beyond Meat forecasts upbeat quarterly revenue on steady international demand

DoorDash projects strong growth as delivery demand holds firm

Corpay lifts annual forecasts, to sell non-core UK vehicle payments business

US securities regulator launches new accounting enforcement team

Newly spun-off Honeywell Aerospace cuts 2026 forecast on supply-chain woes

Trading Day: Momentum fizzles, gold sizzles

Shale producer APA beats second-quarter profit estimates

JPMorgan Chase hires Lissauer for activism defense

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