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BNSF: New UP-CN deal ‘undermines’ case for merger
FreightWaves19d agoneutral
BNSF: New UP-CN deal ‘undermines’ case for merger

A deal by Union Pacific to win over a key competitor for its merger with Norfolk Southern actually undermines its proposal, says BNSF The post BNSF: New UP-CN deal ‘undermines’ case for merger appeared first on FreightWaves.

American Express Q2 profit rises 8% to $4.53 a share, topping forecasts
Associated Press19d agoneutral
American Express Q2 profit rises 8% to $4.53 a share, topping forecasts

Credit card giant American Express said its second-quarter profits rose 8% from a year earlier, helped by higher spending by its card members, fewer delinquencies and more customers signing up for its premium products like the Platinum Card and Gold Card. The results beat analysts' forecasts, who were looking for AmEx to earn a profit of $4.40 a share, according to FactSet. AmEx continues to benefit from global economic growth that has disproportionately benefited the wealthy and high net worth individuals, as its customer bases skews heavily toward those demographics with the Platinum Card, Gold Card and other high-end credit cards.

Newmont Resources delivers mixed second quarter earnings
Proactive19d agoneutral
Newmont Resources delivers mixed second quarter earnings

Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, XETRA:NMM) reported mixed results for the second quarter, with revenue falling short of expectations as the company generated record free cash flow and maintained its full-year production guidance. The gold miner reported adjusted earnings of...

EXCLUSIVE: Spotify Deleted 500,000 Fake Malcolm Todd Streams. A Former SEC Lawyer Says the Bots May Have Committed a Federal Crime
Benzinga19d agoneutral
EXCLUSIVE: Spotify Deleted 500,000 Fake Malcolm Todd Streams. A Former SEC Lawyer Says the Bots May Have Committed a Federal Crime

Spotify (NYSE:SPOT) reportedly deleted more than 500,000 fake streams of Malcolm Todd’s “Earrings” after the song shot to the top of the U.S. chart overnight. The suspected motive: a $3 million Kalshi market on June’s most-streamed song. Traders had reportedly priced Todd’s chances below 3% before the surge began, meaning a winning bet paid roughly 30 times its stake. There is no indication Todd or his label were involved. Why Fake Streams May Be A Federal Crime Ashley Ebersole, co-founder and c

Bloomberg19d agoneutral
BlackRock Kicks Off $12.3 Billion Bond Sale for Meta Data Center

(Bloomberg) -- BlackRock Inc. began marketing $12.3 billion of high-grade bonds to fund a Meta Platforms Inc. data center project, testing investor appetite amid growing concerns about excessive AI infrastructure spending. Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump Rebuilds Tariffs With New Levies on 60 EconomiesAlphabet Fall

It's Been a Brutal Week for Bond Markets
The Wall Street Journal19d agoneutral
It's Been a Brutal Week for Bond Markets

The latest escalation in the Middle East conflict has been tough on fixed-income investors. Global government bonds have tumbled this week, sending yields sharply higher, as surging oil prices revived inflation fears.

3 Dividend Stocks Baby Boomers Should Own for the Rest of Their Lives
24/7 Wall St.19d agoneutral
3 Dividend Stocks Baby Boomers Should Own for the Rest of Their Lives

Fixed-rate bonds cannot outrun inflation over a 25-year retirement, yet most boomers keep reaching for them anyway. Three companies have raised their dividends for between 50 and 70 consecutive years and may offer a more durable solution, though each carries a hidden transition risk that income investors need to weigh.