AmEx’s revenue miss eclipses strong annual profit forecast
By Niket Nishant (Reuters) -American Express’s second-quarter revenue jumped 9% to a record $16.33 billion on the back of robust…
Category: Business
Exclusive-Chrysler-parent Stellantis paid $190.7 million in US fuel economy penalties
By David Shepardson (Reuters) -Chrysler parent Stellantis paid $190.7 million in civil penalties for failing to meet U.S. fuel economy…
Northern Trust’s profit surges on fee income boost, accounting gain
(Reuters) – Asset and wealth manager Northern Trust posted a more than two-fold jump in second-quarter profit on Wednesday, thanks…
Netflix’s efforts to grow ad tier in focus as subscriber growth slows
By Harshita Mary Varghese (Reuters) – Netflix likely added the fewest number of subscribers in five quarters during April-June as…
Chip stocks tumble on fears of tighter US curbs on sales to China
(Reuters) – Shares of chipmakers fell more than 4% before the bell on Wednesday amid reports of possible tighter restrictions…
Microsoft’s hiring of former Inflection AI staff prompts UK probe
By Yadarisa Shabong and Martin Coulter (Reuters) – Britain’s competition regulator has started a formal investigation into Microsoft’s hiring of…
UnitedHealth expects bigger hit to annual profit from hack costs
(Reuters) – UnitedHealth on Tuesday raised its estimates for a hit to earnings this year from a February hack at…
Musk says SpaceX will move headquarters to Texas from California
(Reuters) -Rocket company SpaceX will move its headquarters to Starbase, Texas from California, CEO Elon Musk said on Tuesday in…
BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks
By Arasu Kannagi Basil and Davide Barbuscia (Reuters) – Assets managed by BlackRock hit a record $10.65 trillion in the…
Apple gains after Morgan Stanley calls stock ‘top pick’ for AI efforts
(Reuters) – Apple’s shares rose about 2% on Monday after Morgan Stanley raised its price target on the iPhone maker’s…