Business

Lucid pushes launch of more affordable EVs to second half of 2027 amid business review

Tuesday, August 4 by SRN News

By Abhirup Roy SAN FRANCISCO, Aug 4 (Reuters) - Lucid plans to launch its more affordable EVs in the second half of 2027, delaying the planned rollout from late this year, its CEO said on Tuesday, as the company carries out a major business review... Read More.

Wynn Resorts beats quarterly estimates on Macau strength, announces UAE casino opening date

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Casino operator Wynn Resorts beat Wall Street expectations for second-quarter profit and revenue on Tuesday, driven by strong business in its Macau properties, sending its shares up 6% after the bell. Wynn also said that Wynn Al Marjan Island, set... Read More.

Trading Day: The only way is up

Tuesday, August 4 by SRN News

By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) - World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and... Read More.

Mattel reiterates annual forecasts, misses quarterly profit estimate on higher costs

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Mattel on Tuesday topped analysts' estimates for second-quarter revenue and reaffirmed its annual forecasts, but profit fell short as tariff-related costs squeezed the toymaker's margins. Quarterly revenue was lifted by resilient demand and its expanding entertainment portfolio, including films such as... Read More.

Emerson Electric beats quarterly estimates on robust automation demand

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Emerson Electric posted third-quarter profit and revenue above Wall Street expectations on Tuesday, as demand for industrial automation in North America and Asia remained robust. The company benefited from strong demand for its automated, software-connected test and measurement systems, which help... Read More.

BUSINESS HEADLINES

Tuesday, August 4 by SRN News

US stocks hit records as profits keep piling up for Palantir and others, while oil prices ease NEW YORK (AP) - The U.S. stock market rallied to records as companies kept piling up profits and oil prices eased. The S&P 500 shot up 1.8% Tuesday,... Read More.

The Media Line: Ireland’s Boycott of Israeli Defense Firms Leaves New Government Jet Without Key Landing System

Tuesday, August 4 by SRN News

Ireland's Boycott of Israeli Defense Firms Leaves New Government Jet Without Key Landing System By The Media Line Staff Ireland's decision to exclude an Israel-made landing system from its new €53 million government aircraft after adopting a policy against... Read More.

Big oil companies continue to post banner profits as fighting in Iran drives prices higher

Tuesday, August 4 by SRN News

NEW YORK (AP) - Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher. Six of Europe's largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher... Read More.

The Media Line: Israeli Agricultural Expertise Helps Cultivate Tanzania’s Growing Wine Industry

Tuesday, August 4 by SRN News

Israeli Agricultural Expertise Helps Cultivate Tanzania's Growing Wine Industry Tanzania is East Africa's only commercial wine producer and has favorable conditions for expanding grape cultivation By Keren Setton / The Media Line On the rolling hills outside Dodoma,... Read More.

Marathon Petroleum’s profits surge on big refining margin boost

Tuesday, August 4 by SRN News

By Nicole Jao and Arunima Kumar NEW YORK, Aug 4 (Reuters) - U.S. refiner Marathon Petroleum on Tuesday reported second-quarter profit jumped four-fold to $5.14 billion, topping analyst estimates as prolonged disruptions to crude supplies through the Strait of Hormuz doubled refining margins. U.S. refiners have... Read More.

Current Weather

Lucid pushes launch of more affordable EVs to second half of 2027 amid business review

Wynn Resorts beats quarterly estimates on Macau strength, announces UAE casino opening date

Trading Day: The only way is up

Mattel reiterates annual forecasts, misses quarterly profit estimate on higher costs

Emerson Electric beats quarterly estimates on robust automation demand

BUSINESS HEADLINES

The Media Line: Ireland’s Boycott of Israeli Defense Firms Leaves New Government Jet Without Key Landing System

Big oil companies continue to post banner profits as fighting in Iran drives prices higher

The Media Line: Israeli Agricultural Expertise Helps Cultivate Tanzania’s Growing Wine Industry

Marathon Petroleum’s profits surge on big refining margin boost

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