MILAN (Reuters) – Ferrari said on Tuesday its Dutch parent company Ferrari N.V. has strengthened ties with the Italian tax authority by joining a compliance programme that includes regular and p[...]
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July 30, 2024
AI bots talk dirty so OnlyFans stars don’t have to
By Andrew R.C. Marshall, Jason Szep and Linda So (Reuters) – OnlyFans is a porn-saturated website that offers its subscribers a chance to forge “authentic relationships” with content creators. B[...]
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Diageo shares hit four-year low as CEO warns of troubles ahead
By Emma Rumney LONDON (Reuters) – Diageo warned challenges could persist into next year after missing full-year profit expectations on Tuesday, sending shares in the world’s top spirits ma[...]
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Alaska Airlines, Hawaiian Airlines extend review period of deal amid antitrust scrutiny
(Reuters) – Alaska Air Group has agreed to extend the review period for the proposed $1.9 billion acquisition of rival Hawaiian Airlines amid antitrust scrutiny from the U.S. Department of Justi[...]
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Analysis-So far, global earnings are just good enough to feel disappointing
By Medha Singh (Reuters) -Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the[...]
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Leidos lifts 2024 profit target as global conflicts fuel weapons demand
(Reuters) – Defense contractor Leidos raised its annual profit forecast on Tuesday, banking on strong worldwide weapons demand and increased defense spending amid growing geopolitical tensions.[...]
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Hedge funds make massive retreat from short yen positions, UBS says
By Summer Zhen HONG KONG (Reuters) – Global hedge funds made a massive retreat from their bearish bets on the Japanese yen during the currency’s strong rise against the U.S. dollar over th[...]
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Microsoft and job openings to hit pre-Fed vigil
A look at the day ahead in U.S. and global markets from Mike Dolan To the extent that worries about pricey tech stocks and rising AI capex spending were partly behind last week’s market shakeout[...]
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Meta Q2 ad sales expected to rise; focus on AI roadmap, costs
By Yuvraj Malik (Reuters) – Meta Platforms is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investo[...]
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