Month: July 2024
S&P 500 futures slip after worst day for benchmark since 2022: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images Stock futures were mixed Thursday as investors looked ahead to the release of key data and tried to recover after a tough session for Wall Street. S&P 500 futures and […]
Read More
American shares drop 7% on weak profit forecast after backfired sales plan, industry oversupply
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. Kevin Carter | Getty Images American Airlines shares shed more than 7% in premarket trading Thursday after the carrier slashed its profit forecast for the year after a backfired […]
Read More
Unilever pops 6% on margin guidance raise, Ben & Jerry’s spinoff on track to complete by end of 2025
Unilever shares popped on Thursday morning, after the consumer goods giant raised its full-year margin guidance and said the spinoff of its ice cream business was on track to complete by the end of 2025. Shares climbed nearly 8% during the morning, before gains cooled to around 6.5% by 12:15 p.m. in London. The company, […]
Read More
Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales
In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California. Justin Sullivan | Getty Images Keurig Dr Pepper reported quarterly earnings and revenue that met analysts’ expectations on Thursday as higher prices fueled its U.S. soda sales. Shares of the company rose 2% in premarket trading. Here’s what the […]
Read More
Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
A bag on display at a Gucci luxury boutique in London, UK, on Friday, July 19, 2024. Hollie Adams | Bloomberg | Getty Images Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the […]
Read More
China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow
Key Points China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the pandemic. Authorities announced they would allocate 300 billion yuan ($41.5 billion) in ultra-long special government bonds to expand an existing trade-in and equipment upgrade policy. The policy at least doubles the subsidies for new energy […]
Read More
Philippines battles to contain oil spill as tanker sinks, leaving one dead
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images A tanker carrying 1.4 million liters of industrial fuel capsized off the coast of Philippines, leading to one casualty and a vast oil spill, local authorities said Thursday. The Philippine-flagged MT Terra Nova submerged 3.6 nautical miles east off Limay, Bataan […]
Read More
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024. Mike Blake | Reuters Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying. […]
Read More
Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images British regulators fined Coinbase’s U.K. arm £3.5 million ($4.5 million) on Thursday over breaching a voluntary agreement designed to stop the cryptocurrency exchange from onboarding “high-risk customers.” Coinbase Global shares […]
Read More
Now you can see Taylor Swift’s costumes, shoes and instruments at a top London museum — for free
Taylor Swift performing during “The Eras Tour” at Veltins Arena on July 17, 2024, in Gelsenkirchen, Germany. Andreas Rentz/TAS24 | Getty Images LONDON — Taylor Swift’s “The Eras Tour” has helped the singer become a billionaire and boosted the economies of the multiple cities she’s performed in. Fans attending her U.K. shows spent upward of […]
Read More