Marvell Stock Is Soaring—Here’s Why

Marvell Stock Is Soaring—Here’s Why

David Paul Morris / Bloomberg via Getty Images Despite Wednesday’s gains, Marvell stock has dropped more than 20% since the start of t...

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Housing contract activity slumped again in June as buyers remain priced out

Housing contract activity slumped again in June as buyers remain priced out

Home contract signings slumped more than expected in June, the latest sign that the housing market is still essentially frozen. The Pending Home S...

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Starbucks CEO Brian Niccol promises a return to glory days: Opening Bid top takeaway

Starbucks CEO Brian Niccol promises a return to glory days: Opening Bid top takeaway

It’s Federal Reserve interest rate decision day, with a side of earnings season madness. The Fed is widely expected to leave interest rates...

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Telefonica ditches Huawei’s 5G gear in Spain and Germany; keeps it in Brazil

Telefonica ditches Huawei’s 5G gear in Spain and Germany; keeps it in Brazil

MADRID (Reuters) -Spanish telecom giant Telefonica is replacing all of its 5G equipment made by Chinese manufacturer Huawei in Spain and Germany ...

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Trump says Powell must lower interest rates ‘now’ following GDP uptick

Trump says Powell must lower interest rates ‘now’ following GDP uptick

President Trump used a return to GDP growth ahead of a widely expected Federal Reserve decision to keep monetary policy unchanged to say that Fed ...

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Trump pushes rate cut as Fed meets, second quarter data released

Trump pushes rate cut as Fed meets, second quarter data released

WASHINGTON (Reuters) -President Donald Trump on Wednesday again called on the Federal Reserve to lower benchmark rates after data showed U.S. eco...

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Illinois Tool Works: Q2 Earnings Snapshot

Illinois Tool Works: Q2 Earnings Snapshot

GLENVIEW, Ill. (AP) — GLENVIEW, Ill. (AP) — Illinois Tool Works Inc. (ITW) on Wednesday reported second-quarter earnings of $755 million. The Gle...

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Watsco: Q2 Earnings Snapshot

Watsco: Q2 Earnings Snapshot

MIAMI (AP) — MIAMI (AP) — Watsco Inc. (WSO) on Wednesday reported second-quarter net income of $183.6 million. The Miami-based company said it ha...

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China’s SpaceX rival LandSpace eyes IPO in Shanghai

China’s SpaceX rival LandSpace eyes IPO in Shanghai

BEIJING (Reuters) -Chinese rocket developer LandSpace Technology is seeking to list on the Shanghai Stock Exchange’s tech-focussed STAR Mar...

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SiteOne Landscape: Q2 Earnings Snapshot

SiteOne Landscape: Q2 Earnings Snapshot

ROSWELL, Ga. (AP) — ROSWELL, Ga. (AP) — SiteOne Landscape Supply, Inc. (SITE) on Wednesday reported second-quarter profit of $129 million. The Ro...

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Israel’s Bezeq Telecom raises 2025 profit amid regulatory shaekeup on fibre costs

Israel’s Bezeq Telecom raises 2025 profit amid regulatory shaekeup on fibre costs

By Steven Scheer JERUSALEM (Reuters) -Bezeq Israel Telecom on Wednesday raised its 2025 profit outlook after Israel’s telecoms regulator ann...

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Copper, Iron Ore Fall After China Politburo Readout Underwhelms

Copper, Iron Ore Fall After China Politburo Readout Underwhelms

(Bloomberg) — Copper edged lower along with iron ore, after a policy readout from a top Chinese leadership meeting underwhelmed investors. M...

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Panasonic’s battery-making energy unit books 47% y/y growth in Q1 profit

Panasonic’s battery-making energy unit books 47% y/y growth in Q1 profit

TOKYO (Reuters) -Panasonic on Wednesday said operating profit at its battery-making energy unit grew strongly in the first-quarter due to the AI ...

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Spain’s HBX trims full-year guidance on trade uncertainty, weaker dollar

Spain’s HBX trims full-year guidance on trade uncertainty, weaker dollar

(Reuters) -Spanish travel technology firm HBX Group said on Wednesday it was revising its full-year guidance as a result of the macroeconomic bac...

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Trump’s tariffs give chocolate makers in Canada, Mexico an edge over US firms

Trump’s tariffs give chocolate makers in Canada, Mexico an edge over US firms

By May Angel, Helen Reid and Jessica DiNapoli LONDON/NEW YORK (Reuters) -U.S. President Donald Trump’s trade tariffs are meant to boost dom...

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Foxconn says it will hold a press conference with TECO Electric on Wednesday

Foxconn says it will hold a press conference with TECO Electric on Wednesday

TAIPEI (Reuters) -Taiwan’s Foxconn said it will hold a press conference with Taiwanese industry motor maker TECO Electric & Machinery C...

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