US airline stock valuations stuck on runway despite travel boom
(Reuters) – Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings. However, their shares have…
Brazil’s Azul launches notes offering as part of broad restructuring plan
(Reuters) – Brazilian airline Azul announced on Wednesday it is launching a public offering of senior secured notes due 2028,…
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.54%
Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Retail, Financial Services and Insurance sectors…
HSBC cuts European and U.S. EV penetration, raises China estimates
HSBC Research on Wednesday cut their 2024-30 European BEV forecasts for the fourth time in a row as they expect…
Amazon Prime Day sales rise as deep discounts tempt inflation-hit customers
(Reuters) – Amazon.com’s (NASDAQ:AMZN) Prime Day shopping event saw U.S. online sales rise nearly 6% to $6.4 billion from a…
Illumina hit with record $476 million EU antitrust fine over Grail deal
(Reuters) – U.S. genetic testing company Illumina (NASDAQ:ILMN) was fined a record 432-million-euro ($476 million) by the EU on Wednesday…
Audi in talks to acquire SAIC’s EV platform
According to reports by Reuters Wednesday, citing “people familiar with the matter,” Germany’s Audi is in talks with SAIC Motor…
Brazil’s JBS reboots plans to list shares in New York, shares jump 7%
(Reuters) – JBS SA, the world’s largest meat packer, on Wednesday proposed listing its shares in New York, hoping the…
Lucid shares drop on flat second-quarter deliveries, production drop
(Reuters) – Lucid Group’s electric-vehicle production dropped and its deliveries in the second quarter remained flat compared to the previous…
Domino’s to start using Uber for food orders, shares surge
(Reuters) -Domino’s Pizza shares surged 10% on Wednesday after the pizza chain said customers can start using Uber (NYSE:UBER)’s Uber…