(Reuters) -Illumina Inc cut annual profit forecast, in a sign that a funding crunch among its biotech and pharmaceutical clients is expected to weigh on sales for its genetic testing tools and diagnos[...]
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August 9, 2023
Trucking firm Yellow explores alternate bankruptcy loans
By Dietrich Knauth NEW YORK (Reuters) -Bankrupt trucking company Yellow Corp will not seek court approval to borrow $142.5 million from private equity firm Apollo Global Management as planned on Wedne[...]
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US boardroom diversity gains slow as S&P 500 seeks resumes from finance
By Ross Kerber (Reuters) – Boards of S&P 500 companies made recruiting directors with financial expertise their top priority over the past year, slowing boardroom gains for minorities, accor[...]
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Global stocks slip before CPI data, dollar dips on China selling
By Herbert Lash NEW YORK (Reuters) -Global stocks slipped on Wednesday, a day before the release of key U.S. inflation data, while the dollar eased after data showed the Chinese economy slipped into d[...]
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Wynn Resorts beats Wall Street estimates on Vegas, Macau strength
(Reuters) – Wynn Resorts on Wednesday reported second-quarter results above Wall Street estimates as strength in its Las Vegas and Macau properties drove growth in gaming, dining and hotel booki[...]
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Stifel’s Bannister expects little change for S&P 500 through year end
By Lewis Krauskopf NEW YORK (Reuters) – After a “relief rally” in the first half of 2023, the S&P 500 is set to remain largely flat through the end of the year as inflation keeps[...]
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Pratt engine issues easing but shortages to last through 2024 -airBaltic
By Tim Hepher PARIS (Reuters) – Shortages of Pratt & Whitney engines for Airbus A220 passenger jets have eased but it will take around 18 months before disruption is lifted altogether, the h[...]
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Congresswoman Waters ‘deeply concerned’ about PayPal’s stablecoin launch
(Reuters) – Democrat Congresswoman Maxine Waters said on Wednesday she was “deeply concerned” about payment giant PayPal launching its own stablecoin in the absence of a federal fram[...]
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US dollar inches lower ahead of inflation report
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar drifted lower on Wednesday in thin rangebound trading, with investors looking ahead to Thursday’s U.S. consumer prices repo[...]
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