News
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Six Flags Entertainment Corp expected to post a loss of $2.21 a share - Earnings Preview
Six Flags Entertainment Corp FUN.N, FUN is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Charlotte North Carolina-based company is expected to report a 129.4% increase in revenue to $233.091 million from $101.62 million a year ...Reuters
Tue, May 6
ACM Research Inc expected to post earnings of 37 cents a share - Earnings Preview
ACM Research Inc ACMR.OQ ACMR.O is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Fremont California-based company is expected to report a 8.6% increase in revenue to $165.341 million from $152.19 million a year ago, according t...Reuters
Tue, May 6
Soho House & Co Inc expected to post a loss of 11 cents a share - Earnings Preview
Soho House & Co Inc SHCO.N, SHCO.K is expected to show a rise in quarterly revenue when it reports results on May 8 (estimated) for the period ending March 31 2025The New York City-based company is expected to report a 7.3% increase in revenue to $282.265 million from $263.15 million a year ag...Reuters
Tue, May 6
Zoetis raises forecast for 2025 revenue, profit on weaker US dollar
May 6 (Reuters) - Animal healthcare company Zoetis ZTS.N on Tuesday raised its forecasts for annual adjusted profit and revenue above Wall Street expectations, after beating first-quarter estimates, benefiting from a weak U.S. dollar.The New Jersey-based firm expects its 2025 revenue to be between $...Reuters
Tue, May 6
Uber to acquire 85% stake in Trendyol GO food delivery business for $700 million
May 6 (Reuters) - Uber Technologies UBER.N said on Tuesday it has entered into an agreement with Turkish e-commerce firm Trendyol Group to acquire an 85% stake in its Trendyol GO online food delivery business for about $700 million in cash.Reuters
Tue, May 6
American Electric Power beats profit estimates, expects minimal tariff impact
May 6 (Reuters) - American Electric Power AEP.O beat Wall Street estimates for first-quarter profit on Tuesday, benefiting from higher demand from commercial customers, and said it expects minimal direct impact on its long-term spending plan from tariffs.Big Tech's massive investments into artif...Reuters
Tue, May 6
Elon Musk to go ahead with lawsuit against OpenAI despite nonprofit control statement, lawyer says
May 5 (Reuters) - Elon Musk plans to proceed with his highly watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday, hours after the AI startup dialed back its earlier plan to remove control by its non-profit arm.Under OpenAI's newly proposed plan, its non-profit parent would co...Reuters
Tue, May 6
Merz to have a second go at German chancellor vote on Tuesday, conservative says
BERLIN, May 6 (Reuters) - The German parliament will hold a second vote to elect a new chancellor at 3:15 pm (1315 GMT), senior conservative Jens Spahn told reporters on Tuesday, appealing to parties to back Friedrich Merz after he failed to get through in a first round."The whole of Europe, per...Reuters
Tue, May 6
German parliament to hold second vote on Merz as chancellor, says SPD leader
BERLIN, May 6 (Reuters) - The German parliament will hold a second vote to confirm conservative Friedrich Merz as chancellor after the first one failed, the leader of the centre-left SPD said on Tuesday."We have now succeeded in applying for a second vote to be held today so that we can quickly ...Reuters
Tue, May 6
UBS partners with General Atlantic to expand into private credit
May 6 (Reuters) - Swiss lender UBS Group AG UBSG.S and U.S. investment firm General Atlantic have launched a partnership to expand into the private credit market, the companies said on Tuesday.Private credit refers to the loans typically made to risky borrowers or companies looking to clinch mega bu...Reuters
Tue, May 6
OpenAI dials back conversion plan, nonprofit to retain control
OpenAI retains nonprofit control amid criticism and legal challengesNonprofit to control public benefit corporation, easing capital-raising restrictionsConcerns remain over balancing profit with AI mission, Musk's lawsuit ongoingBy Krystal Hu, Arsheeya Bajwa, Aditya Soni and Anna Tong May 5 (...Reuters
Tue, May 6
WK Kellogg Lowers 2025 Organic Net Sales Growth Guidance - SEC Filing
May 6 (Reuters) - WK Kellogg Co KLG.N:WK KELLOGG CO - LOWERS 2025 ORGANIC NET SALES GROWTH GUIDANCE TO -2.0% TO -3.0% - SEC FILINGWK KELLOGG CO - LOWERS 2025 ADJUSTED EBITDA GROWTH GUIDANCE TO FLAT TO -2.0% - SEC FILINGWK KELLOGG CO: REMAIN ON TRACK TO DELIVER ABOUT 500 BPS OF MARGIN IMPROVEMENT AS ...Reuters
Tue, May 6
Wistron Corp to invest additional $455 million in new U.S. unit
TAIPEI, May 6 (Reuters) - Taiwanese electronics manufacturer and AI server maker Wistron Corp 3231.TW said on Tuesday its board has approved an additional investment of $455 million in its new U.S. subsidiary.The new planned investment would bring the total planned capital injection into the subsidi...Reuters
Tue, May 6
Sempra expected to post earnings of $1.32 a share - Earnings Preview
Sempra SRE.N, SRE is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The San Diego California-based company is expected to report a 7.6% increase in revenue to $3.917 billion from $3.64 billion a year ago, according to the mean estim...Reuters
Tue, May 6
US banks modest use of risk transfers is credit positive, Moody's says
By Shankar RamakrishnanMay 6 (Reuters) - A very small proportion of U.S. banks have issued a complex product that enabled them to shed risk from loan portfolios and the relatively modest use of the products was a credit positive, Moody’s Ratings said in a report after surveying 69 rated U.S. banks.I...Reuters
Tue, May 6
RPT-BREAKINGVIEWS-Buffett’s exit risks shrinking Berkshire’s vistas
By Jonathan Guilford NEW YORK, May 5 (Reuters Breakingviews) - Warren Buffett has done what novice investors are taught is nearly impossible: beaten the market for decades. On Saturday, the 94-year-old announced that he would step down as CEO of $1 trillion conglomerate Berkshire Hathaway BRKa.N...Reuters
Tue, May 6
IQVIA beats quarterly profit estimates on higher demand for research services
May 6 (Reuters) - Contract research firm IQVIA Holdings IQV.N beat Wall Street estimates for first-quarter profit on Tuesday, helped by better-than-expected demand for its drug research and development services.The company also raised its 2025 revenue forecast to between $16 billion and $16.4 billio...Reuters
Tue, May 6
Jacobs beats quarterly results on higher infrastructure services demand
May 6 (Reuters) - Engineering services provider Jacobs Solutions J.N on Tuesday beat Wall Street estimates for second-quarter profit and revenue, led by higher sales in its larger Infrastructure & Advanced Facilities segment.The segment, which caters to the utilities, infrastructure and biopharm...Reuters
Tue, May 6
Russia and Ukraine exchange 205 prisoners of war each, Russian military reports
MOSCOW, May 6 (Reuters) - Russia and Ukraine on Tuesday swapped 205 prisoners of war each, the Russian Defence ministry said in a statement.The ministry said that the United Arab Emirates had helped mediate the exchange and that the freed Russian prisoners were currently in Belarus receiving medical...Reuters
Tue, May 6
