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Bright spots emerge in corporate earnings as tariff uncertainty lingers
Alphabet, SK Hynix, Infosys offer upbeat guidanceRosy forecasts come against backdrop of tariff uncertaintyGovernments scramble for tariff deals ahead of August 1 deadline July 24 (Reuters) - Some of the world's top tech firms, including U.S. search giant Alphabet, South Korean chipmaker SK H...
Thu, Jul 24
Nvidia supplier SK Hynix to boost spending on AI chips, after record Q2
Q2 operating profit up 69% to 9.2 trillion won Co plans to operate China fab as planned Says 2026 supply talks with a key customer proceeding as planned By Heekyong Yang and Joyce Lee SEOUL, July 24 (Reuters) - SK Hynix 000660.KS flagged plans to lift spending this year on advanced chipmaking aft...
Thu, Jul 24
Asian shares, Aussie dollar climb on trade, earnings optimism
TOKYO, July 24 (Reuters) - Shares in Asia rallied and the Australian dollar hit an eight-month high on Thursday as optimism over earnings and trade supported demand for higher yielding assets.
Thu, Jul 24
IBM's software sales disappoint, eclipsing AI mainframe revival
July 23 (Reuters) - IBM IBM.N beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its mainstay software segment overshadowed a renewal in demand for the mainframe business spurred by AI upgrades.
Thu, Jul 24
Tesla likely faces 'a few rough quarters' from end of US EV support, Musk says
July 23 (Reuters) - Tesla TSLA.O Chief Executive Elon Musk said on Wednesday that U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters" for the company before a wave of revenue from self-driving software and services begins late next year.
Thu, Jul 24
Mattel cuts 2025 forecast after two-month pause, hurt by tariff uncertainties
Mattel reissues 2025 forecast after suspending it in MayCEO Kreiz expects $100-million tariff exposure before mitigationRetailer ordering shifts impacted US sales in Q2, CEO saysWeak Barbie sales in North America hurt quarterly revenuesBy Savyata Mishra July 23 (Reuters) - Toymaker Mattel MAT.O ...
Wed, Jul 23
Google parent Alphabet surprises with capital spending boost after earnings beat
Reports total revenue of $96.43 billion for second quarter vs. expected $94 billionRaises 2025 capital spending target to about $85 billion from $75 billionBig Tech spending on AI amid rising Chinese competitionBy Kenrick Cai and Deborah Mary Sophia July 23 (Reuters) - Alphabet GOOGL.O on Wednesd...
Wed, Jul 23
US STOCKS-S&P 500 and Nasdaq rally to record highs on optimism about trade deals
Tariffs on Japanese autos cut to 15% from 27.5%Thermo Fisher surges after beating Street estimatesTexas Instruments slumps as tariff uncertainty hits demandTesla reports after the bell, investors brace for revenue fallS&P 500 +0.78%, Nasdaq +0.61%, Dow +1.14%By Noel Randewich and Nikhil Sharma ...
Wed, Jul 23
CSX Q2 revenue misses estimates
OverviewCSX Q2 revenue falls 3% yr/yr to $3.57 bln, missing analyst expectationsOperating income down 11% yr/yr, with EPS decreasing 10% yr/yrCo cites lower coal prices, reduced fuel surcharges for revenue declineOutlookCSX focused on completing major infrastructure projects for growthCompany notes
Wed, Jul 23
Hanover Bancorp Q2 net income rises
OverviewHanover Bancorp Q2 net income rises to $2.4 mln from $0.8 mln in 2024Net interest income for Q2 2025 increased 11.69% year-over-yearOutlookCompany anticipates higher C&I lending and deposit activity in 2025Company sees continued expansion into Eastern Long IslandHanover expects interest ...
Wed, Jul 23
Chicago wheat futures dip on profit-taking, larger production forecasts
CHICAGO, July 23 (Reuters) - Chicago Board of Trade wheat futures fell on Wednesday amid signs of profit-taking and reports of ample global supplies, market analysts said.Wheat price losses were somewhat capped by a North Dakota crop tour report that came out late on Tuesday, traders said.Crop scout...
Wed, Jul 23
Wall Street advances, gold retreats as trade talks progress boosts markets
NEW YORK, July 23 (Reuters) - U.S. stocks followed their global counterparts higher on Wednesday, and Treasury yields reversed their three-day slide after a trade deal between the United States and Japan, and a report of a similar deal with the European Union provided welcome signs of progress in Pr
Wed, Jul 23
Takeaways of US-Japan deal include potential gains for Trump, Ishiba and EU
July 23 (Reuters) - An emerging U.S.-Japanese trade deal could unlock major investment, avert a potential shock to the global economy and may deliver political wins for both U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba, though many specifics of the agreement remain unclear.
Wed, Jul 23
General Dynamics profit, revenue beat estimates on strong marine business, jet deliveries
Marine segment revenue up 22.2% from submarine programsCombat systems revenue down due to contract cancellationAerospace segment sees strong demand, G800 jet certifiedBy Aatreyee Dasgupta and Mike Stone July 23 (Reuters) - General Dynamics' GD.N second-quarter profit and revenue topped analys...
Wed, Jul 23
US and EU close in on 15% tariff deal, FT reports
July 23 (Reuters) - The EU and United States are closing in on a trade deal that would impose 15% tariffs on European imports, similar to the agreement U.S. President Donald Trump struck with Japan this week, the Financial Times reported on Wednesday.Both the EU and US would waive tariffs on some pr...
Wed, Jul 23
Amphenol forecasts upbeat quarterly results on strong demand for electronic equipment
July 23 (Reuters) - Amphenol APH.N forecast third-quarter results above Wall Street estimates on Wednesday, after seeing strong demand for its products such as cables, sensors and antennas, sending its shares up 4%. Massive investments by technology and defense firms in new technologies like artific...
Wed, Jul 23
Lennox International Inc reports results for the quarter ended June 30 - Earnings Summary
Lennox International Inc LII.N reported quarterly adjusted earnings of $7.82 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $6.83. The mean expectation of nineteen analysts for the quarter was for earnings of $6.86 per share. Wall...
Wed, Jul 23
Some market relief after Japan trade deal
Dow, S&P 500 modestly higher early, Nasdaq slightly in the redJun existing home sales 3.93M vs 4.00M estimateEuro STOXX 600 index up ~0.9%Dollar ~flat; gold, crude dip; bitcoin down ~1.5%U.S. 10-Year Treasury yield rises to ~4.37%Welcome to the home for real-time coverage of markets brought to y...
Wed, Jul 23
Lamb Weston rises on upbeat sales forecast, Q4 beat
**Shares of frozen potato products maker Lamb Weston LW.N rise as much as 19% to $58.50 in early trade after company forecasts annual revenue largely above estimates ** Stock set for best day on record, if gains hold** Expects fiscal 2026 sales in the range of $6.35 bln to $6.55 bln, versus analysts...
Wed, Jul 23
NVR's quarterly profit drops on lower homebuilding margins
July 23 (Reuters) - NVR NVR.N on Wednesday posted a decline in second-quarter profit, as incentives for buyers lowered margins on home sales amid higher interest rates and rising costs.The homebuilder's net income fell 17% to $333.7 million in the quarter ended June 30 from a year ago, amounting...
Wed, Jul 23
