By Chuck Mikolajczak NEW YORK (Reuters) – The Dow Jones Industrial Average and S&P 500 index rose modestly on Wednesday, with the blue-chip Dow registering its eighth straight day of gains as investors gauged the latest round of corporate earnings, but a decline in Microsoft held the Nasdaq near the unchanged mark. Bank stocks extended…
By Tatiana Bautzer, Sinéad Carew and Saeed Azhar NEW YORK (Reuters) – U.S. banking giants reported lackluster results for investment banking in the second quarter, but that has not stopped investors from buying their stocks as a bet on revived dealmaking. Goldman Sachs profit slumped 58% to the lowest in three years, it reported Wednesday,…
WASHINGTON (Reuters) – The White House warned on Wednesday that Russia may expand its targeting of Ukrainian grain facilities to include attacks against civilian shipping in the Black Sea. Adam Hodge, White House National Security Council spokesperson, said U.S. officials have information indicating Russia laid additional sea mines in the approaches to Ukrainian ports. “We…
By David Shepardson WASHINGTON (Reuters) -U.S. government agencies are targeting buying 9,500 electric vehicles in the 2023 budget year, but face supply issues and higher costs, a federal report said on Wednesday. That’s almost three times the number acquired in the prior budget year. The Government Accountability Office said 26 agencies with approved EV acquisition…
By Patricia Zengerle WASHINGTON (Reuters) – Leaders of the U.S. Senate said on Wednesday they expected a sweeping defense policy bill to pass the chamber with strong bipartisan support, which could mean a clash with a largely party-line bill approved by the House of Representatives. Democratic Senate Majority Leader Chuck Schumer and Republican leader Mitch…
By Doyinsola Oladipo NEW YORK (Reuters) -Las Vegas Sands Corp’s second-quarter revenue exceeded Wall Street estimates, benefiting from non-gaming programming in Macao as tourism rebounds from China’s loosening of its zero-COVID policy and mass gaming reaching another record in Singapore. The casino operator’s revenue rose to $2.5 billion in the second quarter from $1.05 billion…
BERLIN (Reuters) – Tax revenues of Germany’s federal and regional state governments fell by 7.3% in June compared with the previous year, reflecting tax relief measures to compensate for inflation and a one-off effect, the finance ministry said on Thursday. Federal and state governments’ tax revenue declined to a total of 86.39 billion euros ($96.71…
(Reuters) -Major U.S regional banks said their deposits mostly stabilized and net interest income rose after the first-quarter collapse of Silicon Valley Bank sparked industry turmoil, sending their shares soaring on Wednesday. Three major U.S. regional banks met or beat profit expectations as higher interest rates allowed them to charge more for loans. M&T Bank’s…
By Sinéad Carew (Reuters) – Shares in Discover Financial Services tumbled more than 13% in after-hours trading on Wednesday after its quarterly earnings fell short of expectations and it announced a share repurchase pause as it investigates incorrect classification of credit card accounts from around mid-2007. Discover, a U.S. provider of digital banking and payment…
MOSCOW/LONDON (Reuters) -Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying military cargoes, after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The moves by both countries on Wednesday came just days after Russia quit a…
