By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) – World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and boosting investor sentiment also. In my
Aug 4 (Reuters) – Casino operator Wynn Resorts beat Wall Street expectations for second-quarter profit and revenue on Tuesday, driven by strong business in its Macau properties, sending its shares up 6% after the bell. Wynn also said that Wynn Al Marjan Island, set to be the UAE’s first casino resor
By Tom Polansek CHICAGO, Aug 4 (Reuters) – Sysco, the biggest U.S. food distributor, has stopped buying iceberg lettuce from Mexico due to the U.S. cyclosporiasis outbreak, CEO Kevin Hourican said on Tuesday. The move shows how the largest U.S. outbreak of cyclosporiasis on record has forced adjustm
By Anshuman Tripathy Aug 4 (Reuters) – Booking Holdings beat Wall Street estimates for second-quarter profit on resilient U.S. domestic travel, but trimmed its annual gross bookings forecast as the online travel firm navigates the fallout of the conflict in the Middle East. Shares of the Norwalk, Co
By Abhirup Roy SAN FRANCISCO, Aug 4 (Reuters) – Lucid plans to launch its more affordable EVs in the second half of 2027, delaying the planned rollout from late this year, its CEO said on Tuesday, as the company carries out a major business review and cuts costs. The EV maker’s shares were down abou
BEIRUT (AP) — An oil spill caused by leakage from a U.K.-sanctioned tanker grounded for weeks off Oman appears to be expanding dramatically, reaching shorelines and far out to sea, according to experts and satellite images reviewed by The Associated Press. Greenpeace Germany said in a statement Mond
By Deena Beasley and Puyaan Singh Aug 4 (Reuters) – Gilead Sciences on Tuesday reported second-quarter product sales rose 8%, led by double-digit gains for its HIV drugs, but it posted a quarterly loss due to costs related to a series of acquisitions. The company’s overall revenue rose 10% to $7.8 b
By Jody Godoy Aug 4 (Reuters) – Lawsuits challenging Paramount Skydance’s acquisition of Warner Bros. Discovery will go to trial in March 2027, a federal judge in California ruled on Tuesday. • The ruling is a win for California Attorney General Rob Botna, who had sought an April trial. Paramount ha
LOS ANGELES (AP) — Sparks from an idle transmission tower owned by Southern California Edison caused the 2025 Eaton fire in the Los Angeles area that killed 19 people and destroyed more than 9,400 homes and businesses, Los Angeles County fire officials said in a report released Tuesday. It took fire
By Waylon Cunningham Aug 4 (Reuters) – McDonald’s replaced the head of its U.S. business on Tuesday after the company missed second-quarter U.S. sales-growth expectations, blaming what its CEO called execution lapses that blunted a drive to bring back low-income consumers who have cut back on eating
By Nicole Jao and Arunima Kumar NEW YORK, Aug 4 (Reuters) – U.S. refiner Marathon Petroleum on Tuesday reported second-quarter profit jumped four-fold to $5.14 billion, topping analyst estimates as prolonged disruptions to crude supplies through the Strait of Hormuz doubled refining margins. U.S. re
NEW YORK (AP) — Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher. Six of Europe’s largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher than last year. Profits at
Aug 4 (Reuters) – Chipotle Mexican Grill said on Tuesday it had removed jalapenos from all its restaurants in Minnesota and other locations that received the product after identifying the peppers as a potential common ingredient in a salmonella outbreak under investigation by public health authoriti
CAIRO (AP) — Iran and the Gulf Arab state of Oman have made progress toward a deal to reopen the Strait of Hormuz, a potential breakthrough that could help wind down the war in the Middle East, regional officials said Tuesday. Under the emerging agreement, ships would enter the Persian Gulf through
Aug 4 (Reuters) – British warehouse landlord Segro has accepted a takeover offer by rival U.S. logistics firm Prologis in a deal worth up to £14.3 billion ($19.19 billion), the companies said on Tuesday, following pressure from investors. The deal adds to a record year for mergers and acquisitions i
By Stine Jacobsen, Maggie Fick and Bhanvi Satija COPENHAGEN, Aug 4 (Reuters) – Novo Nordisk raised its full-year profit and sales outlook on Tuesday but disappointed investors who focused instead on a narrow sales miss for its new Wegovy pill and a trial setback for its next-generation obesity drug
Aug 4 (Reuters) – Procter & Gamble will acquire supplements maker Thorne for $3.8 billion, CEO Shailesh Jejurikar told CNBC on Tuesday, as the consumer goods giant deepens its push into health and wellness to capitalize on growing demand for self-care products. “What I can say is the price is a good
By Chris Kirkham and Ju-min Park Aug 4 (Reuters) – Tesla has several paths to separating its China business – each of them complicated – should CEO Elon Musk decide that’s a necessary step to combine the automaker with his rocket company SpaceX. Analysts and investors see the strongest possibilities
WASHINGTON (AP) — U.S. job openings fell slightly in June, but the labor market continued to show resilience in the face of an economic shock from fighting in Iran and the closure of the Strait of Hormuz. Employers posted 7.36 million vacancies in June, down from 7.54 million in May, the Labor Depar
WASHINGTON, Aug 4 (Reuters) – New orders for U.S. factory goods unexpectedly fell in June, but demand elsewhere was solid as businesses continued to boost investment in artificial intelligence infrastructure. Factory orders dropped 0.3% after a revised 1.1% decrease in May, the Commerce Department’s
Syria Bets on Tourism Revival, but Visitor Surge Faces Test of Security and Services The Tourism Ministry says Syria received 3.52 million visitors in the first half of 2026, up 111% from the same period last year, however, most of these ‘visitors’ were Syrian expatriates By Rizik Alabi / The Media
WASHINGTON, Aug 4 (Reuters) – Meta, Anthropic, Google and OpenAI staff will meet with U.S. President Donald Trump’s advisers on Tuesday about voluntary safety testing for advanced AI models, according to four sources familiar with the meeting, as concerns over rogue AI agents grow. The meeting follo
By Lucia Mutikani WASHINGTON, Aug 4 (Reuters) – The U.S. trade deficit narrowed in June, but the trend is unlikely to be sustained amid an artificial intelligence buildout that is heavily reliant on imports. Both imports and exports declined in June, the report from the Commerce Department showed on
McDonald’s posted a strong profit in its second quarter and named a new head of the U.S. market with sales at home under pressure as many Americans grow increasingly cautious about spending. Same-store sales, or sales at locations open at least a year, edged up 0.8% in the U.S. That’s a sharp slowdo
By Luciana Magalhaes SAO PAULO, Aug 4 (Reuters) – Chinese automaker BYD is launching its first Brazilian-made plug-in hybrid flex-fuel car on Tuesday after a two-year investment of 100 million reais ($19.6 million), the company’s top executive in the country told Reuters. The Song Pro Super-Hibrido
By Michael S. Derby NEW YORK, Aug 4 (Reuters) – U.S. Treasury Secretary Scott Bessent’s call on the Federal Reserve to expand a facility that lends cash to official foreign accounts could add to the firepower available to help Japan bolster its currency but could unleash other risks, such as temptin
WASHINGTON (AP) — President Donald Trump is making a rare visit to California and Nevada to draw contrasts with Democrats on the economy and other issues. Trump is seeking to shore up support for fellow Republicans in November elections that will determine whether his party keeps control of Congress
By Maha El Dahan and Sarah El Safty DUBAI, Aug 4 (Reuters) – The world has lost more than 2.6 billion barrels of oil since the U.S.-Israeli war with Iran began in February, the head of Saudi oil giant Aramco said, warning that global inventories were running low despite emergency measures to cushion
By Savyata Mishra Aug 4 (Reuters) – McDonald’s on Tuesday missed U.S. sales growth expectations for the second quarter as its value deals failed to sufficiently draw lower-income diners who have been cutting back restaurant spending due to growing economic worries. Comparable sales in the largest ma
By Pooja Menon Aug 4 (Reuters) – DuPont narrowed its annual sales forecast on Tuesday, hurt by weakness in its Middle East water business and a lower foreign-exchange benefit, sending shares down nearly 5% premarket despite a quarterly profit beat and higher full-year earnings forecast. The industri
