InterContinental Hotels (NYSE: IHG) Posts Strong Q2 as US Rebound Outshines China Weakness
Holiday Inn-owner InterContinental Hotels Group (NYSE: IHG) reported a 3.2% rise in revenue per available room in the second quarter […]
Maria Reed
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Market Forecasts Unexpected Fed Rate Cut, SOFR Futures Price in Early Move
NEW YORK – Futures on the Secured Overnight Financing Rate (SOFR) and the Federal funds rate, which measure expectations of […]
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Snickers maker Mars Exploring Potential Buyout of Kellanova (NYSE: K): Sources
Family-owned packaged food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova (NYSE: […]
Snickers maker Mars Exploring Potential Buyout of Kellanova (NYSE: K): Sources Read More »
Key US Bond Yield Curve Flips Positive Amidst Growing Recession Fears
A closely watched part of the U.S. Treasury yield curve, a key bond market indicator of an upcoming recession, turned […]
Key US Bond Yield Curve Flips Positive Amidst Growing Recession Fears Read More »
Bunge (NYSE: BG), ADM (NYSE: ADM) to Benefit as US Farmers Sell Cheap Crops in ‘Haul of Shame’
CHICAGO – A spike in bargain-basement crop sales by U.S. farmers needing to make room in storage bins for autumn […]
Hawaiian Electric (NYSE: HE) to Pay $2 Billion as Part of Maui Wildfire Settlement
On Friday, Hawaiian Electric (NYSE: HE) had agreed to pay roughly half of a more than $4 billion legal settlement […]
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South Korean Stock Market Suffers Biggest Slump Since 2008 Amid Tech Rout
SEOUL – On Monday, South Korea’s stock market marked its worst session since the 2008 global financial crisis, with trading […]
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BP, ADNOC, and Cyprus in Talks Over Potential East Med Gas Investments
NICOSIA – On Friday, the representatives of BP (NYSE: BP) and Abu Dhabi’s state oil giant met Cypriot Energy Ministry […]
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Global Equity Funds See Sixth Consecutive Week of Inflows Amid Rate Cut Expectations
Global investors remained net buyers of equity funds for a sixth successive week through July 31, driven by expectations that […]
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Factbox: US and Canadian Firms Continue Layoffs Amid Economic Uncertainty
Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, […]
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Weak Jobs Data Raises Chances of Fed Rate Cuts
U.S. central bankers may be having second thoughts about their decision earlier this week to hold borrowing costs steady after […]
Federal Realty Investment Trust (NYSE: FRT) Beats Q2 Revenue Estimates, Lifts Annual FFO Guidance
Federal Realty Investment Trust (NYSE: FRT) posted second-quarter revenue above market expectations. The company also lifted its full-year forecast for […]
Kelly Ortberg to Tackle Boeing’s (NYSE: BA) Multi-Faceted Challenges as New CEO
Boeing’s (NYSE: BA) incoming boss, Kelly Ortberg, faces a herculean task when he starts next week – restoring the might […]
Kelly Ortberg to Tackle Boeing’s (NYSE: BA) Multi-Faceted Challenges as New CEO Read More »
Warner Bros Games Sees First Picket as Video Game Actors Protest AI Threat
BURBANK, California – On Thursday, striking video game voice actors and motion-capture performers held their first picket in front of […]
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Warner Music Group (NASDAQ: WMG) Announces Major Executive Reorganization
The Warner Music Group (NASDAQ: WMG) executives leading its Recorded Music and Atlantic Music Group units will step down, the […]
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Arm Holdings (NASDAQ: ARM) Stock Tumbles on Weak Revenue Forecast and AI Market Uncertainties
On Thursday, Arm Holdings (NASDAQ: ARM) shares slumped 16% in afternoon trading after the British chip firm’s tepid revenue forecast […]
Shareholders Sue CrowdStrike (NASDAQ: CRWD) Over Huge Software Outage
CrowdStrike (NASDAQ: CRWD) has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate […]
Shareholders Sue CrowdStrike (NASDAQ: CRWD) Over Huge Software Outage Read More »
AerCap (NYSE: AER) Lifts Full-Year Earnings Outlook Again Amid Strong Sales Growth
DUBLIN – On Thursday, AerCap (NYSE: AER) raised its full-year earnings guidance for the second time this year after further […]
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US Progressives Call for Nvidia (NASDAQ: NVDA) Antitrust Probe Amid AI Market Dominance
U.S. progressive groups and Democratic Senator Elizabeth Warren pressed the Department of Justice to investigate Nvidia (NASDAQ: NVDA) over competition […]
US Progressives Call for Nvidia (NASDAQ: NVDA) Antitrust Probe Amid AI Market Dominance Read More »
Wall Street Futures Rise as Rate-Cut Hopes Prevails; Meta Gains
Futures tied to Wall Street’s main indexes kicked off August on a high note, boosted by the Federal Reserve’s signals […]
Wall Street Futures Rise as Rate-Cut Hopes Prevails; Meta Gains Read More »
Boeing (NYSE: BA) Posts Bigger Q2 Loss Amid Struggles in Defense and Space Businesses
Boeing (NYSE: BA) posted a bigger quarterly loss, as its troubled defense and space business exacerbated the financial strain on […]
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Garmin (NYSE: GRMN) Raises Full-Year Guidance, But Outdoor Unit Weakness Pressures Shares
Garmin (NYSE: GRMN) beat quarterly revenue estimates and raised its 2024 forecast on Wednesday, helped by strength in fitness and […]
Fed Leaves Rates Unchanged, Eyes September Cut with Inflation Near Target
WASHINGTON – The Federal Reserve held interest rates steady on Wednesday. However, it opened the door to reducing borrowing costs […]
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Illegal Nicotine Pouch Market Expands in US, Altria (NYSE: MO) Reports to FDA
On Wednesday, Marlboro maker Altria (NYSE: MO) said it had sent data to the U.S. Food and Drug Administration on […]
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