Finance and markets: business, quotes, gold, energy and releases.
Found 4723 articles
Tesla is pushing its autonomous taxi footprint into Tampa and Orlando, marking a rapid expansion just 24 hours ahead of the company's second-quarter earnings report. The move signals an aggressive scaling strategy even as federal regulators intensify scrutiny over how the software interacts with emergency vehicles on public roads.
A long-standing Tier-1 operator in the Asia-Pacific region has finalized a five-year agreement with Ceragon Networks, marking a $70 million commitment to upgrade nationwide mobile infrastructure. This contract, intended to accelerate the modernization of existing 4G and 5G transport networks, triggered a 7% surge in the company's share price.
Pet owners across the United States can now fill prescriptions for their dogs and cats at 9,000 CVS Pharmacy locations. By integrating common veterinary treatments into its retail footprint, the company aims to simplify access to essential animal care, ranging from antibiotics to specialized pain relief and allergy management.
Facing a formal investigation by the Competition Bureau, Empire Co. is abandoning the use of restrictive property covenants that effectively barred rival grocers from setting up shop nearby. The move marks a significant shift for the parent company of Sobeys and Safeway, which previously used such controls to stifle local competition.
A regulatory filing revealed that Nvidia owns 22.3 million Class A shares of Nebius Group, a move that sent the artificial intelligence cloud provider’s stock surging 6.7% to $194.90 in Tuesday’s premarket trading. The investment represents a 9.3% stake in the company, valued at approximately $4.06 billion.
AerCap is doubling down on its wide-body fleet, securing an order for 15 additional Boeing 787-9 Dreamliner aircraft. This acquisition bolsters the lessor's holdings to approximately 140 planes, reinforcing its position as a central figure in the long-haul aviation market despite the absence of disclosed financial terms.
A surge in demand pushed Swiss watch exports to 2.39 billion francs in June, marking an 11% year-on-year increase. This uptick offers a rare moment of stability for an industry long buffeted by aggressive trade tariffs, shifting geopolitical tides, and a broader slump in global luxury spending.
Joseph Larson, head of government at OpenAI, has been appointed lead independent director at Arkenstone Defense. The move bolsters the startup's leadership team as it attempts to streamline how defense contractors navigate the complex federal compliance landscape following a recent $35 million seed funding round.
The U.S. Navy has finalized a $1.8 billion contract extension with RTX subsidiary Raytheon, deepening its commitment to the SPY-6 radar program. This expansion follows a 2022 production agreement and pushes the potential total value of the partnership to $3.3 billion, provided the military exercises remaining options on the deal.
Shares of Danaher plunged 15% to $170.75 in premarket trading Tuesday, as the Washington-based diagnostics firm issued a cautious outlook for the third quarter. Despite posting a strong second quarter that beat analyst expectations, management signaled that persistent delays in customer project timelines will weigh on near-term bioprocessing revenue.
A 12% drop in premarket trading greeted MSCI investors Tuesday morning after the financial analytics firm reported second-quarter earnings that fell short of analyst expectations. The sell-off erased much of the company's 9% year-to-date gain, as shifting expense projections rattled market confidence in the firm's immediate outlook.
A recovery in semiconductor shares pushed the Nasdaq Composite up 0.9% on Tuesday, offering a temporary reprieve for a market that has struggled with recent volatility. Investors are now bracing for a critical wave of quarterly reports from Alphabet, Tesla, and IBM, which arrive as the broader index seeks to regain momentum.
Barrick Gold has moved to secure a foothold in Kingfisher Metals, investing C$20.9 million to acquire a nearly 10% stake in the junior explorer. The deal, executed through a nonbrokered private placement, grants the Toronto-based mining giant significant equity and potential for future expansion in the TSX Venture-listed company.
Marsh outperformed Wall Street expectations in the second quarter, posting $7.4 billion in revenue as its core risk, insurance, and consulting divisions maintained steady momentum. The professional-services firm navigated a complex market to deliver a quarterly profit of $1.27 billion, signaling resilience across its primary business segments.
Investors sent Equifax shares tumbling 10% in premarket trading Tuesday after the credit-reporting giant trimmed its full-year earnings outlook. Despite an 11% surge in quarterly revenue, rising service costs and a significant legal settlement charge weighed down the bottom line, leaving profit margins under pressure across key business segments.
A cooling North American automotive market has forced Genuine Parts to scale back its full-year profit expectations, even as the industrial replacement parts supplier managed to outperform second-quarter earnings projections. The firm cited persistent regional demand weakness and rising restructuring costs as the primary drivers behind the downward revision.
Jack Mallers has resigned as chief executive of Bitcoin-focused firm Twenty One Capital to dedicate his full attention to his digital payments venture, Strike. Raphael Zagury, a current board member and founder of Elektron Energy, will immediately assume the helm of the Austin-based company to lead its next phase.
Driven by an 8% jump in purchase volume and lower funding costs, Synchrony Financial has raised the bottom end of its full-year profit guidance. The lender now expects earnings between $9.25 and $9.50 per share, outpacing market expectations after a strong second quarter fueled by robust consumer engagement across its five platforms.
Magnolia Oil & Gas shares tumbled 6.6% to $23.85 in Tuesday premarket trading as the company finalized the pricing of a 46.3 million-share offering. The move follows Monday's announcement that the firm intends to acquire WildFire Energy for approximately $4.06 billion, a deal currently driving investor sentiment.
A surge in demand within the life sciences sector propelled Danaher to a robust second quarter, with net income climbing to $870 million. The Washington-based conglomerate surpassed analyst expectations on both profit and revenue, signaling a clear recovery in its core biotechnology and diagnostics business segments.
Stamford-based Synchrony Financial is lifting its quarterly dividend by 13 percent, moving the payout from 30 cents to 34 cents per share. This adjustment, confirmed by the company on Tuesday, fulfills a commitment the consumer-financing firm made earlier this spring to return more capital to its investors before year-end.
Investors pushed British defense stocks higher on Tuesday following the appointment of John Healey as the new finance chief. Markets are banking on the former defense secretary to leverage his new position to accelerate military procurement and secure a substantial increase in national defense spending.
Banco Santander reports second-quarter earnings Wednesday, with consensus estimates pointing to a total income of 15.70 billion euros. While the eurozone’s largest bank by market capitalization has seen its shares climb 17% year-to-date, investors are looking past the headline profit figures toward long-term operational restructuring and regional volatility.
European governments have trimmed borrowing early in their fiscal cycles, yet these gains face a precarious outlook. Escalating energy costs linked to the Middle East conflict threaten to stifle the growth required to keep debt trajectories on target, complicating the start of Prime Minister Andy Burnham’s administration in the U.K.
Shareholders of the Grand Rapids-based Mercantile Bank will see their quarterly dividend rise to 40 cents, a 2.6% increase from the previous 39-cent payout. This adjustment, confirmed by the company on Tuesday, reflects the financial institution's latest policy shift as it balances capital returns for its investor base.
TotalEnergies SE executed a series of share repurchases between July 13 and July 17, 2026, acquiring a total of 1,462,893 shares. The transactions, conducted under shareholder authorization granted in May 2026, represent a total investment of approximately 102.95 million euros at a weighted average price of 70.38 euros per share.
A 40 percent drop in net profit defined the first quarter for Tokyo-based PCA Corp, as the company reported 207 million yen in earnings for the period ending June 30. Despite a modest uptick in overall revenue, the firm struggled to maintain its bottom-line performance compared to the previous year.
A 3.3% surge in Japan's Nikkei 225 led a broader rally across Asian markets, providing a positive tailwind for U.S. index futures. While the S&P 500 and Dow Jones Industrial Average signaled gains of 0.5% and 0.3% respectively, European indices remained largely muted during morning trading sessions.
A sharp rebound in Asian chip stocks on Tuesday signaled a cooling of recent panic, as investors pivoted from last week’s selloff to focus on upcoming U.S. tech earnings. Markets across Taiwan, South Korea, and Japan climbed as traders sought evidence that massive artificial intelligence spending is finally yielding tangible financial returns.
Regional equity markets climbed on Tuesday as renewed diplomatic efforts to secure a 10-day ceasefire between the United States and Iran countered concerns over recent military escalations. Qatar has proposed a pause in hostilities and a removal of shipping restrictions, though the feasibility of a lasting deal remains uncertain.