Estée Lauder is set to release its fourth-quarter results next month, and analysts expect its earnings per share to surge by triple digits from a year ago.
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By Anna Szymanski July 24 (Reuters) - From the Editor Hello Morning Bid readers! Cash burn and spiking crude prices dominated market headlines this week.
Deckers Brands (NYSE:DECK) shares slipped 3. 5% in premarket trading on Friday despite the footwear company reporting record first-quarter revenue, beating earnings expectations and raising its full-year profit outlook.
Target will release its fiscal second-quarter earnings shortly, with consensus estimates calling for a single-digit year-over-year increase in earnings per share.
Intel's shares rose 6% in premarket trading on Friday after bullish forecasts signaled the AI boom was propelling the chipmaker's long-awaited turnaround. The company forecast third-quarter revenue above Wall Street expectations and raised this year's capital expenditure estimate to $20 billion from $18 billion. Intel's improving outlook reflects growing adoption of its data center central processing units (CPUs) by customers building infrastructure for artificial intelligence, as CEO Lip-Bu Tan works to position the company as a broader beneficiary of AI-driven semiconductor demand despite Nvidia's lead in accelerator chips.
July 24 (Reuters) - U.S. stock index futures edged higher on Friday after a tech-led selloff in the previous session, as investors weighed fresh earnings, escalating Middle East tensions and a new
(Bloomberg) -- The dollar is heading for its best week in a month as investors return to the traditional haven amid heightened geopolitical tensions.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 Falls as $205 Billion Spending Plan Fuels AI Cost FearThe greenback sits near
These companies are nearing trillion-dollar valuations. However, only one is actually living up to the hype at the moment.
By Lewis Krauskopf NEW YORK, July 24 (Reuters) - A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and
A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial intelligence. Major equity indexes were on track for weekly declines, dragged down on Thursday by steep slides in Alphabet and Tesla following their quarterly reports. The fallout for Google parent Alphabet, sparked in part by an increase in its already massive AI spending plans, set a negative tone ahead of results next week from other AI "hyperscalers": Microsoft, Amazon and Meta Platforms.
NEW YORK, July 24 (Reuters) - Defense tech firm Anduril is in discussions with investors for a new funding round that could see it valued at roughly $100 billion, rivaling companies such as Northrop Grumman and Lockheed Martin, two sources familiar with the matter told Reuters. The funding round and the valuations, reported here for the first time, are still fluid, the sources said.
Amazon customers, act fast to see if you're eligible for money from the company's settlement with the Federal Trade Commission.
Plus, Trump’s frustrations over the Iran war, behind the scenes with our travel columnist, and the fight to save all-you-can-eat buffets in Las Vegas.
Volkswagen (ETR:VOW3) reported lower first-half vehicle deliveries and weaker profit as sharply declining demand in China, U.S. tariff costs and intense competition weighed on results, while management said stronger cash generation and a growing European electric-vehicle order book showed signs of r
(Bloomberg) -- Universities and companies are scaling back or eliminating women’s scholarships as a way to avoid scrutiny from the Trump Administration, even though officials haven't explicitly barred single-sex scholarships. 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 F
U. S. stock futures edged higher on Friday as investors balanced escalating geopolitical tensions in the Middle East against encouraging corporate earnings from the technology sector.
Founder Elon Musk wants to establish a permanent human colony on the moon.
Novo Nordisk said it asked a U.S. court to preliminarily halt rival Eli Lilly from advertising weight-loss drugs, days after accusing the Indianapolis drugmaker of using deceptive advertising to mislead consumers in a lawsuit. Friday’s preliminary injunction request, filed in the District of New Jersey, escalates legal proceedings initiated earlier this week. Novo has now asked the court to stop Eli Lilly from advertising its GLP-1 drugs while the lawsuit proceeds.
Nike is losing the fashion battle to Japan’s Asics. Running’s growing popularity has helped catapult shares in Asics, a favorite among runners. Nike cruised on popular lifestyle sneakers—Air Jordan 1s, Air Force 1s and Dunks—for too long and fell behind on running.
By Tharuniyaa Lakshmi and Purvi Agarwal July 24 (Reuters) - European shares recovered on Friday after registering their steepest one-day loss in two weeks in the previous session, as investors drew
The world's largest sportswear company has accelerated a wave of store closures across the U.S., shutting down roughly a dozen locations in a single month as it works to reshape its retail footprint. The move comes at a time when competition across the athletic apparel industry is intensifying. ...
The absence of fresh overnight escalations between the U.S. and Iran halted the global oil benchmark’s upward march, as investors hope leaders seek an off-ramp.
Stocks stabilized on Friday but were on track for weekly losses as investors assessed a new set of global tariffs against a backdrop of AI jitters, rising oil prices, and elevated bond yields.
Newmont reported better-than-expected second-quarter earnings, despite weaker gold prices and an earthquake. Cost control helped. Through Thursday trading, Newmont stock has been strong, up almost 60% over the past 12 months, benefiting from the rise in gold prices.
Tesla influencer AleXandra Merz expects a potential Tesla-SpaceX merger to take seven to 12 months to complete.
Today Earnings: American Express, Verizon, Charter Communications, HCA Healthcare, Volkswagen, Canadian National Railway Economic data: Commerce Department data on new home sales for June, S&P flash U.
European equity indexes largely edged higher in early trade after sharp selling in the last session, and oil pared some recent gains.
By Aditya Kalra NEW DELHI, July 24 (Reuters) - First, the U.S.-Israeli war on Iran sparked a Diet Coke shortage in India by squeezing supplies of aluminum cans, triggering an unusual wave of "Diet
By Aditya Kalra NEW DELHI, July 24 (Reuters) - First, the U.S.-Israeli war on Iran sparked a Diet Coke shortage in India by squeezing supplies of aluminum cans, triggering an unusual wave of "Diet
At the end of last year, Wall Street analysts who ventured guesses on second-quarter earnings predicted 14% growth, on average. By the end of June, analysts were predicting 22% earnings growth. Stock market gains have lately lagged behind.