(Reuters) – Block reported a profit for the second quarter, compared to a loss a year earlier, as the payments firm benefited from robust consumer spending. A tight labor market has afforded job[...]
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August 1, 2024
Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs
(Reuters) – Bleach maker Clorox forecast annual profit above estimates after beating fourth-quarter profit on Thursday, banking on consecutive price hikes of its home care products and easing in[...]
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US EPA issues fuel waiver for Midwest states hit by refinery outage
By Shariq Khan and Rahul Paswan (Reuters) -The U.S. Environmental Protection Agency (EPA) on Thursday issued an emergency waiver to help alleviate fuel shortages in four Midwest states where the suppl[...]
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Canada’s capital gains tax target falls short by C$2 billion, says budget officer
OTTAWA (Reuters) – Canadian federal government’s target for a bump in its controversial capital gains tax over the next five years will fall short by a tenth, according to an analysis rele[...]
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Occidental closes $12 billion CrownRock deal
(Reuters) – Occidental Petroleum said on Thursday it has closed its $12 billion deal to buy CrownRock. The company had received a second request about the deal from the U.S. Federal Trade Commis[...]
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MercadoLibre’s net profit more than doubles in second quarter, beats estimates
SAO PAULO (Reuters) – Latin America e-commerce giant MercadoLibre said on Thursday its net profit more than doubled in the second quarter from a year earlier, beating analysts estimates. Mercado[...]
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MP Materials swings to quarterly loss on sliding prices for rare earths
(Reuters) – U.S. rare earths producer MP Materials said on Thursday it swung to a loss in the second quarter due to falling prices for the strategic minerals and operational challenges. The Las[...]
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Coinbase’s second-quarter revenue surges on crypto trading resurgence
(Reuters) – Coinbase reported a surge in second-quarter revenue on Thursday as trading volumes at the crypto exchange roared back to life thanks to market euphoria over easing regulatory roadblo[...]
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British Airways owner IAG scraps deal to acquire Air Europa
By Joanna Plucinska, Foo Yun Chee and Corina Pons (Reuters) -British Airways owner IAG terminated its proposed takeover of Spain’s Air Europa on Thursday, citing regulatory environment concerns,[...]
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