Business

Eli Lilly raises annual revenue forecast as GLP-1 drugs fuel growth

Wednesday, August 5 by SRN News

By Mrinalika Roy and Mariam Sunny Aug 5 (Reuters) - Eli Lilly and Co posted better-than-expected quarterly results and raised its full-year revenue forecast on Wednesday, banking on sustained demand for its blockbuster GLP-1 weight-loss and diabetes drugs, sending its shares up 5% in premarket... Read More.

US dollar to retain strength, yen intervention no game changer: Reuters poll

Wednesday, August 5 by SRN News

By Sarupya Ganguly BENGALURU, Aug 5 (Reuters) - The U.S. dollar will hold firm in coming months before weakening later in the year, according to FX strategists surveyed by Reuters who also generated some of the weakest consensus Japanese yen forecasts since polling began in... Read More.

Glencore’s energy trading profits soar on Iran war

Wednesday, August 5 by SRN News

By Robert Harvey LONDON, Aug 5 (Reuters) - Glencore earned 66 times more from energy trading in the first half of 2026 than it did a year earlier, joining other major commodity traders profiting from market turmoil created by the Iran war. Glencore booked $2.66 billion... Read More.

Disney’s strong quarter driven by ‘Toy Story 5’ and the draw of its US theme parks

Wednesday, August 5 by SRN News

Disney managed a solid showing in its third quarter, bolstered by movies like "Toy Story 5" and ongoing strength from its U.S. theme parks that helped to offset continued weakness from international tourism. Disney also announced a global short-form content sharing deal with TikTok on... Read More.

Citadel funds gain in July as many hedge funds nurse AI sell-off related losses

Wednesday, August 5 by SRN News

NEW YORK, Aug 5 (Reuters) - Hedge fund Citadel's three large portfolios boasted gains last month when many industry rivals suffered losses amid a technology stock selloff fueled by worries about artificial intelligence spending. The firm's flagship Wellington fund gained 6% in July, leaving it... Read More.

Bankers’ bonuses to rise most on Wall Street

Wednesday, August 5 by SRN News

By Tatiana Bautzer NEW YORK, Aug 5 (Reuters) - Bank executives' compensation will rise the most among all financial sectors on Wall Street, as record revenues on trading and deals boost bonuses, according to Johnson Associates, a financial compensation consultancy. In a report published on Wednesday,... Read More.

Exclusive-JPMorgan CEO Dimon leads new cross-industry effort to tackle AI risks

Wednesday, August 5 by SRN News

By Nupur Anand NEW YORK, Aug 5 (Reuters) - JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said.... Read More.

Japan’s Honda reports robust results after its first ever annual loss

Wednesday, August 5 by SRN News

TOKYO (AP) - Honda's profit for the fiscal first quarter more than doubled from a year ago, as the Japanese automaker continues to tackle a turnaround from the first full year loss in its history. Tokyo-based Honda Motor Co. said Wednesday its April-June profit totaled... Read More.

Australian airline Jetstar will charge passengers to use the overhead lockers for their bags

Wednesday, August 5 by SRN News

WELLINGTON, New Zealand (AP) - For passengers on the budget Australian airline Jetstar, the days of cramming your bag into an overhead locker already full of your seatmates' full-sized suitcases are coming to an end, but there's a catch. The carrier will charge passengers... Read More.

Disney’s ‘Toy Story 5’ fuels streaming business and merchandise sales for June quarter

Wednesday, August 5 by SRN News

By Dawn Chmielewski LOS ANGELES, Aug 5 (Reuters) - Disney said the blockbuster success of "Toy Story 5" extended beyond the box office for the June quarter, as the hit film fueled sales of merchandise, added to engagement on the Disney+ streaming service, and attracted... Read More.

Current Weather

Eli Lilly raises annual revenue forecast as GLP-1 drugs fuel growth

US dollar to retain strength, yen intervention no game changer: Reuters poll

Glencore’s energy trading profits soar on Iran war

Disney’s strong quarter driven by ‘Toy Story 5’ and the draw of its US theme parks

Bankers’ bonuses to rise most on Wall Street

Exclusive-JPMorgan CEO Dimon leads new cross-industry effort to tackle AI risks

Japan’s Honda reports robust results after its first ever annual loss

Australian airline Jetstar will charge passengers to use the overhead lockers for their bags

Disney’s ‘Toy Story 5’ fuels streaming business and merchandise sales for June quarter

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