By Sam Nussey TOKYO, July 31 (Reuters) – Sony hiked its full-year earnings forecast on Friday, as strong performance at its gaming business helped the Japanese conglomerate deliver a better-than-expected jump of 40% in first-quarter profit. The company has been praised for its pivot to entertainment, but the market is concerned about the impact of…
As of the end of Q2, our balance sheet and liquidity position is strong, our portfolio credit performance remains stable, and our investment portfolio continued to generate net investment income in Q2 that comfortably covered our base shareholder distribution by 125%. Coming off a record-breaking Q1 for originations, our platform continued to see robust deal…
Until crude reestablishes its historical trade patterns, we cannot predict exactly where a flat price or differentials land. What we can say with more confidence is that this environment favors refiners with crude slate flexibility and proximity to stable crude supply in the Americas. Shorter voyages and quicker, more reliable deliveries are real advantages. PBF’s…
Within Back-up Care, our largest segment by earnings contribution, we outlined three key growth drivers: deepening penetration within our existing clients, expanding our ecosystem of care and education solutions, and winning new logos. Let me update you on our progress on all three fronts. Starting with deeper penetration, Back-up Care revenue grew 19% to $194…
Building on the strength of our second quarter results, the increased business momentum and the opportunity to drive more progress over the balance of this year, we have raised our 2026 full year guidance to between $775 million and $845 million, up $85 million at the midpoint. As in previous quarters, Rich will cover our…
This includes effective revenue management, enhancements to asset efficiency and productivity, execution on our $40 million cost savings program, and our differentiated multimodal model. We continue to see meaningful opportunity ahead. We want to thank our associates, especially our professional drivers, for their hard work, which helped drive earnings to more than double sequentially, representing…
By Lucia Mutikani WASHINGTON, July 30 (Reuters) – U.S. economic growth slowed in the second quarter as imports widened the trade deficit, but robust consumer spending and business investment related to the buildout of artificial intelligence infrastructure underscored strong domestic demand. The moderation reported by the Commerce Department in its snapshot of gross domestic product…
The artificial intelligence (AI) boom has become one of the most powerful forces driving the stock market, fueling massive gains in semiconductor companies, data-center suppliers, utilities, and the tech giants leading the spending race. At the center of that boom are hyperscalers like Alphabet (GOOGL), Meta Platforms (META), Microsoft (MSFT), and Amazon (AMZN). These companies…
July 30 (Reuters) – Data-center developer Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic, with Alphabet’s Google offering financial guarantees and supplying chips, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Big Tech has been pouring billions of dollars into…
By Alun John and Stefano Rebaudo LONDON/MILAN , July 30 (Reuters) – The bond market selloff after this week’s Federal Reserve meeting highlights the challenge policymakers face as they grapple with what higher energy prices and the uncertain consequences of AI advances will mean for their economies. The Fed left interest rates unchanged on Wednesday,…
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