By Sanskriti Shekhar July 28 (Reuters) – Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to the travel disruptions caused by the Middle East conflict. Geopolitical uncertaint
IRBIL, Iraq (AP) — Drivers in Iraq’s semiautonomous northern Kurdish region waited in line for hours, some overnight, to buy gasoline in recent days as a fuel crisis gripped the main city, Irbil. Most private gas stations were shuttered Tuesday, with only a handful of government-run stations still s
WASHINGTON (AP) — The Federal Reserve is expected to keep its key interest rate unchanged when it meets Tuesday and Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed him. The Iran war has reignit
By Elisa Anzolin and Gianluca Lo Nostro MILAN, July 28 (Reuters) – Franco-Italian eyewear group EssilorLuxottica reported a 15% rise in first-half adjusted operating profit on Tuesday, comfortably beating analysts’ expectations, as the Ray-Ban maker benefited from U.S. tariff refunds. EssilorLuxotti
By Dominique Patton PARIS, July 28 (Reuters) – Sales at Kering’s flagship brand Gucci fell less than expected in the second quarter, as strong U.S. demand for its new handbags partly offset weaker spending elsewhere, suggesting the luxury group’s turnaround efforts are gaining traction. Gucci sales
WASHINGTON (AP) — Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July from 92.2 in June. That’s essentially the same tepid r
By Echo Wang and Rohith Nair July 28 (Reuters) – FIFA plans to create a new commercial subsidiary valued at $20 billion, world soccer’s governing body said on Tuesday, as it seeks backing from its 211 member associations for the proposal in a move already criticised by UEFA. The ambitious plan would
By Neil J Kanatt and Koyena Das July 28 (Reuters) – Yum Brands earnings on Thursday will offer the clearest view yet of whether a growing cyclospora outbreak linked to Taco Bell has hit sales at the fast-food chain’s growth driver. The crisis is new Yum Brands CEO Chris Turner’s first major challeng
By Jonathan Stempel July 28 (Reuters) – A federal appeals court has revived a proposed class-action lawsuit accusing Chobani of deceiving consumers by falsely advertising some of its Greek-style yogurt as sugar free. • The 7th U.S. Circuit Court of Appeals in Chicago ruled on Monday that consumers c
By Ross Kerber, Bianca Flowers and Simon Jessop July 28 (Reuters) – As U.S. President Donald Trump intensifies his campaign against diversity programs, appointments of women and racial minorities to S&P 500 boards have dropped to their lowest level in more than a decade, threatening to unwind years
By Anirban Sen NEW YORK, July 28 (Reuters) – Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half performance for money managers across most investment strategies, according to a Goldman
By Lucia Mutikani WASHINGTON, July 28 (Reuters) – The U.S. trade deficit in goods narrowed in June amid a broad decline in imports, but the improvement was probably insufficient to prevent trade from again subtracting from economic growth in the second quarter. The report from the Commerce Departmen
HONG KONG (AP) — China pushed back Tuesday against claims of overcapacity in the world’s second largest economy, ahead of the release of results of a U.S. probe on the matter that could result in new tariffs. Massive capacity in a slew of Chinese industries, from automaking to solar panels, cement a
WASHINGTON, July 28 (Reuters) – U.S. single-family house prices increased in May and could combine with higher mortgage rates to make home ownership even less affordable for most young people. House prices rebounded 0.3% after an unrevised 0.1% dip in April, the Federal Housing Finance Agency said o
SHELBYVILLE, Ky. (AP) — KFC founder Colonel Sanders ‘ pressure cooker, black bow tie and dozens of other personal items are up for public auction, along with his former home and a dinner house Sanders opened after selling his iconic restaurant chain. Harland Sanders, still known as the face of the w
By Doyinsola Oladipo and Nandan Mandayam July 28 (Reuters) – JetBlue Airways on Tuesday reinstated its annual outlook for revenue per available seat mile, a proxy for pricing power, as stronger demand and higher fares helped it recover more of its fuel costs than previously anticipated in the second
July 28 (Reuters) – Textron beat second-quarter profit and revenue estimates on Tuesday, driven by higher aircraft pricing and sustained growth in its Bell helicopter business. • The business jet maker’s Bell unit has been benefitting from the Bell V-280 Valor program, which the U.S. Army designates
By Gianluca Lo Nostro July 28 (Reuters) – Airbus completed a marathon test flight lasting more than 24 hours that triggered a surge in online tracking, when an A350 jet being developed for record-beating commercial flights touched down in France from Melbourne on Tuesday. The test marks a key step i
July 28 (Reuters) – Hormel Foods on Tuesday named insider and industry veteran John Ghingo as CEO, as the Skippy peanut-butter maker looks to drive growth and modernize operations amid a challenging consumer spending environment. Ghingo, 53, has more than 25 years of leadership experience across the
A reader asked about the capital appreciation potential of bonds: Strictly speaking, the underlying dollar value of most bonds won’t appreciate. With few exceptions, a bond’s price at maturity (also known as par value) will never increase; it remains fixed throughout the bond’s lifetime. Because the
July 28 (Reuters) – PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as “low-ball”. The payments company, once t
July 28 (Reuters) – Coca-Cola on Tuesday raised its annual revenue and profit forecasts, betting on strong demand for its zero sugar beverages as well as its fairlife milk brand in the United States. The company expects organic revenue growth of about 5%, compared with its prior target of 4% to 5% g
July 28 (Reuters) – Hilton Worldwide Holdings raised its forecast for full-year room revenue growth on Tuesday as demand from its luxury properties remained robust. Wealthier households have continued to spend on luxury experiences despite persistent inflationary pressures and weaker revenue from th
By Mike Dolan July 28 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chip stock correction snowballed again overnight amid growing concerns about rising competition and circular financing. This comes ahead of a set of critical earnin
By Marc Jones LONDON, July 28 (Reuters) – The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and unprecedented AI spending may be running ahead of uncertain future returns. In it
LOS ANGELES, July 28 (Reuters) – United Parcel Service raised its annual revenue forecast and posted second-quarter results above Wall Street estimates on Tuesday after a planned pullback in Amazon.com volumes as a promised return to year-over-year growth materialized. The world’s largest parcel del
By Ann Saphir and Michael S. Derby WASHINGTON, July 28 (Reuters) – The bar for a Federal Reserve interest rate hike this week is likely higher than reflected in rate futures markets, not only due to cooler-than-expected inflation data and another lull in hostilities between the U.S. and Iran but als
July 28 (Reuters) – Shares in LVMH were seen falling 2% to 3% in premarket on Tuesday, after the French luxury giant reported overnight second-quarter sales that failed to convince investors about an imminent recovery at its most profitable division. The owner of Louis Vuitton, Dior and Moet & Chand
By Lucie Barbier and Alessandro Parodi July 28 (Reuters) – The chief executive of Philips said on Tuesday that delayed orders in the U.S. and market pressure in China weighed on the healthcare tech group’s second-quarter results, even as it lifted its margin outlook for the full year. The Dutch make
HONG KONG (AP) — South Korea’s Kospi index plunged more than 11% on Tuesday on heavy selling of chipmaking stocks that have been battered recently by sell-offs due to fears the boom in artificial intelligence may turn out to be a bubble. Most other markets in Asia declined and U.S. futures edged low
