Forward Air said Tuesday that it will continue working with one of its largest customers, which had provided notice in May that it might pull all of its business. A non-binding arrangement with the customer will allow Forward to keep half, and potentially up to 75%, of the $250 million account. A memorandum of understanding…
Investors seem to have forgotten that Meta’s (META) ambitious AI capital expenditures drilled the stock when the company reported first quarter earnings in April. And there are two reasons why sentiments have turned around since then. Quick insight: The bulls are circling Meta ahead of its July 29 earnings report, in part because of potential…
Hasbro raised its full-year financial outlook on Tuesday after Magic: The Gathering surpassed $500 million in quarterly revenue for the first time in the card game’s history, driving a 16% jump in overall company sales. The Pawtucket, Rhode Island-based company lifted its full-year revenue growth target to a range of 5% to 7% in constant…
BlackRock is seeking to sell more than $12 billion in bonds to help finance a Meta Platforms data center campus in El Paso, Texas, according to Bloomberg. The bond issuer is a holding company tied to BlackRock’s 80% ownership position in Project Sopaipilla Holdings, with Meta accounting for the other 20%. JPMorgan Chase and Morgan…
Charles Schwab (SCHW) said Tuesday that profits soared 32% from a year ago, fueled by record client trading activity during a busy quarter for Wall Street. Schwab reported net income of $2.8 billion, or $1.62 per share on a adjusted basis. Total net revenue increased 21% to $7.1 billion, driven in part by a 28%…
By Niket Nishant and Jiaxing Li BENGALURU/HONG KONG, July 21 (Reuters) – The U.S. dollar held steady on Tuesday as markets balanced signs of escalating tensions in the Middle East against lingering optimism from softer inflation data last week. The U.S. dollar index, which measures the currency against a basket of six peers, was largely…
By Marcela Ayres BRASILIA, July 21 (Reuters) – Brazil’s Pix, one of the world’s most successful instant-payment systems, has become a flashpoint between Brasília and Washington as the Trump administration aims to protect U.S. firms from the model’s growing appeal in dozens of countries. U.S. Trade Representative Jamieson Greer named Pix, operated by Brazil’s central…
By Akash Sriram and Abhirup Roy July 21 (Reuters) – Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off. CEO Elon Musk has pivoted the electric-vehicle maker’s focus from manufacturing…
According to the Zillow lender marketplace, the average 30-year fixed rate is 6.402%, down 8.2 basis points since yesterday. The 15-year fixed loan is currently at 5.866%, 3.2 basis points lower than yesterday. The 5/1 ARM is 6.399%, 6.5 basis points lower than on Monday. Weekly survey of mortgage lenders with the lowest rates: 6% is…
US stock futures rose on Tuesday as investors braced for a flurry of earnings reports amid signs of a revival in chip stocks, with fresh US tariffs on Canada and Middle East hostilities also in focus. Contracts for the Nasdaq-100 (NQ=F) jumped 1.3% as semiconductor names took center stage ahead of Big Tech results this…
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