NEW YORK (AP) — U.S. stocks rose Wednesday after the U.S. Treasury Department announced a move that could ease pressure coming from the bond market. Strong profit reports for the spring from Estee Lauder, Target and other U.S. companies also helped support Wall Street. The S&P 500 climbed 0.2% for its first gain in four…
Australian oil and gas producer Santos reported a better-than-expected first-half profit despite a year-on-year decline, as higher costs associated with the start-up of Barossa LNG and Pikka offset increased production and broadly stable revenue. Underlying profit fell to $397 million from $508 million a year earlier, while net profit after tax declined to $355 million…
Ocean freight spot rates have skyrocketed by over 400%, but surprisingly, demand isn’t the primary cause. This SONAR Update breaks down how capacity control and strategic blank sailings by concentrated ocean carriers are driving prices. Plus, we dive into the state of trucking tender rejections, rising operating costs, and the shift towards a more regulated…
Klarna (KLAR) stock plunged on Tuesday after the consumer financing firm reported second-quarter earnings that topped views but the company lowered guidance. Shares in rival Affirm Holdings (AFRM) dipped on the news. Sweden-based Klarna reported an adjusted per-share profit of 1 cent versus a 14-cent loss a year earlier. Revenue climbed 27% to $1.04 billion….
Microsoft (MSFT) staged a spectacular recovery after its earnings report, only to risk a sell signal on Tuesday. But there were a few telltale chart features that have kept some investors away even when the stock broke out earlier in August. Is Microsoft stock a sell now? Shares cleared a cup base at a pivot…
Shared truckload could cut shipping costs 30% to 40% as truckload rates climb. Flock Freight CEO Pat Dillon breaks down how it works, where it fits between FTL and LTL, and why shippers are leaning on it ahead of peak season.In this conversation, Dillon also digs into cargo security, fraud controls, peak-season capacity, and what…
Costco Wholesale Corporation and nonprofit insurer SCAN Group announced a partnership on Tuesday to sell Costco-branded Medicare plans, marking the retailer’s first entry into the Medicare market. The two companies plan to begin with Medicare Advantage products in two states and a Medicare supplement plan in a third, pending regulatory approval from the Medicare agency,…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. GM! Today’s top news: Crypto majors slightly green with BTC leading +1% at $64.2k Bond yields hit multi-decade high, pausing stock rally ETH Foundation researchers prioritize privacy for Hegota…
Baidu reported second-quarter revenue of 31.33 billion yuan ($4.62 billion) on Tuesday, falling short of analyst expectations as a steep decline in online advertising outpaced growth in its AI cloud business. Revenue fell 4% from a year earlier. Analysts had forecast 31.96 billion yuan, according to Reuters. Baidu stock dropped 3.5% in premarket trading. Online…
Around one in four Gen Z investors now prefer to choose sports betting as their primary plan for building wealth — and the NFL season starts in a few weeks. Findings from Betterment’s fourth annual Retail Investor Survey show that 26% of Gen Z investors want to bet on sports consistently and even see betting…
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