27/07/2024 |
Cooling US inflation bolsters September rate cut hopesU.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve to begin cutting interest rates in September.
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Microsoft's LinkedIn settles advertisers' lawsuit over alleged overchargesLinkedIn agreed to pay $6.625 million to settle a proposed class action accusing the Microsoft (MSFT.O , opens new tab unit of overcharging advertisers by inflating how many people watched video ads on its platform.
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Exclusive: Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widensBoeing (BA.N , opens new tab is asking suppliers to disclose records on Chinese titanium since 2014, according to a letter seen by Reuters, as the U.S. planemaker widens checks for false paperwork used to authenticate the metal used in commercial jets.
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25/07/2024 |
US new home sales fall to seven-month low in JuneSales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery faltered in the second quarter.
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NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billionRead More |
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Ford profit disappoints, stock falls 11% as quality issues dog automakerFord Motor(F.N , opens new tab reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 11% in after-hours trading.
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24/07/2024 |
Tesla profit margins worst in five years as price cuts, incentives weighTesla (TSLA.O , opens new tab on Tuesday reported its lowest profit margin in more than five years and missed Wall Street earnings targets in the second quarter, as the electric vehicle maker cut prices to revive demand while it increased spending on AI projects.
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Google parent Alphabet beats Q2 revenue, profit estimates on strong ads, cloudAlphabet (GOOGL.O , opens new tab beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year.
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Visa reports rare quarterly revenue miss, shares dropVisa's (V.N , opens new tab third-quarter revenue growth fell short of Wall Street targets in a rare miss for the world's largest payments processor as steep borrowing costs limited consumer spending, sending its shares down 4.6% in extended trading.
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23/07/2024 |
McDonald's extends $5 meal deal at most US outlets into AugustBurger chain McDonald's (MCD.N , opens new tab $5 value meal offer will be extended to August at most U.S. locations after about 93% of its restaurants voted in favor of the plan, according to a memo seen by Reuters.
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