By Will Dunham WASHINGTON (Reuters) – Not far from Camp David, the U.S. presidential retreat in Catoctin Mountain Park in Maryland, lies the remnants of an iron forge called Catoctin Furnace founded in the late 18th century, an important site for understanding the dawn of the Industrial Revolution in early U.S. history. The site now…
By Amanda Cooper and Yoruk Bahceli LONDON/AMSTERDAM (Reuters) – The Bank of England’s modest rate hike on Thursday soothed politicians’ angst over runaway borrowing costs while its pledge to deliver more if needed signalled to markets that it won’t let up on inflation, but there was little comfort for the pound. After lifting rates by…
NEW YORK (Reuters) – A Long Island Rail Road train derailed outside a station in New York City’s Queens borough on Thursday morning, leaving at least seven people with minor injuries, according to the New York City Fire Department. Firefighters responded to the scene just east of Jamaica station to help rescue the passengers, none…
By Mike Stone WASHINGTON (Reuters) -U.S. officials want to tinker with the mix of chemicals fueling missiles and rockets to gain an advantage in the Pacific by increasing the range of its frontline munitions so U.S. forces can operate farther away from China. The Pentagon and Congress are looking at a retrofit that could extend…
By Arathy Somasekhar and Mrinalika Roy HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Earnings at U.S. oil producers have been dented by weak oil and gas prices in recent months, though higher production at some of the larger…
By Pritam Biswas and Laura Matthews (Reuters) – Intercontinental Exchange on Thursday reported second-quarter profit above Wall Street estimates as higher trading volumes at the New York Stock Exchange parent more than offset weakness in its mortgage technology unit, whose weak outlook weighed on shares. Revenue from ICE’s exchanges segment, its biggest business, rose 9%…
HOUSTON (Reuters) -Top U.S. liquefied natural gas exporter Cheniere Energy Inc reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook. The better-than-expected results, despite lower LNG prices and weaker LNG shipments, sent its share price up 2.8% in mid-day trading to $163.54. Results included a $782 million gain in the…
By Rajesh Kumar Singh CHICAGO (Reuters) -Spirit Airlines on Thursday warned that its September quarter revenue will suffer as it is being forced to ground seven Airbus’ A320neo jets through the end of the year due to a snag with RTX’s Pratt & Whitney Geared Turbofan (GTF) engines. RTX last week said a “rare condition”…
Qualcomm Inc (NASDAQ:QCOM) experienced a significant drop in its share price during early trading on Thursday, following the announcement of weaker guidance. The company’s latest earnings release garnered attention from analysts, with various takeaways worth noting. Susquehanna’s analyst, Christopher Rolland, maintained a Positive rating on the stock while raising the price target from $140 to…
Get Ahead with Today’s Key Insights In the fast-paced world of investments, here are some crucial points to keep in mind today: Earnings Anticipation Investors are eagerly awaiting earnings reports from industry giants like Apple Inc (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN), with hopes that positive results will boost the overall stock market, particularly in the…
