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Wednesday, September 3
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SRN News
Campbell’s forecasts muted fiscal 2026 on tariff pressures, slow demand
(Corrects to add dropped word in paragraph 1) (Reuters) -Campbell’s Co forecast annual sales and profit below Wall Street estimates on Wednesday, pressured by weak demand for snacks and ready-to-eat meals as well as higher costs from tariffs. The maker of Goldfish crackers and Campbell’s soups ...
Wednesday, September 3
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SRN News
Nuveen partners with Hunter Point and Temasek for private credit push
(Reuters) -Investment manager Nuveen’s private debt arm has partnered with Hunter Point Capital and Temasek, the company said on Wednesday, as it furthers its push into the fast-growing slice of corporate financing market. Under the agreement, Hunter Point and Temasek will make minority investments in ...
Wednesday, September 3
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SRN News
S&P 500, Nasdaq futures up on Alphabet antitrust ruling; jobs data ahead
By Purvi Agarwal and Ragini Mathur (Reuters) -Futures linked to the S&P 500 and Nasdaq recovered on Wednesday after Alphabet gained on a favorable antitrust ruling and investors awaited labor market data that could influence the central bank’s upcoming interest-rate decision. Alphabet jumped 6.2% in ...
Wednesday, September 3
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SRN News
HSBC lifts S&P 500 year-end target on strong tech earnings
(Reuters) -HSBC raised its year-end S&P 500 forecast to 6,500 from 6,400, citing stronger-than-expected Q2 earnings and resilient macro conditions, with tech and financials driving momentum. Brokerage added that tariff impacts have been modest so far, while AI-driven capex by major tech firms continues ...
Wednesday, September 3
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SRN News
Dollar Tree raises annual targets on steady demand for cheaper goods
(Reuters) -Dollar Tree raised its annual sales and profit forecasts on Wednesday as Americans across income brackets increasingly turn to its stores for cheaper products, even as the company tackles some tariff pressure on costs. Dollar Tree’s shares, which have jumped about 50% this year, ...
Wednesday, September 3
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SRN News
Edmunds SUV comparison: New Honda Passport vs Toyota 4Runner
Toyota has released a redesigned 4Runner for 2025. This is a big deal for fans of this SUV, as the previous generation was on sale for a lengthy 14 years. The new Toyota 4Runner has distinctive new styling, the latest technology features, and an ...
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Wednesday, September 3
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SRN News
Macy’s quarterly profit and sales fall but it raises guidance with those declines limited
NEW YORK (AP) — Macy’s profit and sales slipped in the second quarter with the department store grappling with customers that have grown cautions about spending, as well as higher costs from President Donald Trump’s tariffs. Yet the New York retailer raised its outlook for ...
Wednesday, September 3
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SRN News
Exclusive-US trading firm Jane Street files case against India markets regulator, document shows
By Jayshree P Upadhyay MUMBAI (Reuters) -Jane Street on Wednesday filed a case against India’s markets regulator which has accused the U.S. high-frequency trading giant of market manipulation, according to a case document reviewed by Reuters. The case has been filed in the Securities Appellate ...
Wednesday, September 3
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SRN News
Morning Bid: US long bond yield tests 5% again
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Anxieties in long bonds continued to unsettle world markets on Wednesday, with 30-year government borrowing rates in Japan, Europe and the United ...
Wednesday, September 3
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SRN News
Exclusive-OPEC+ to consider further oil output hike on Sunday, sources say
By Alex Lawler and Olesya Astakhova LONDON/MOSCOW (Reuters) -OPEC+ will consider further raising oil production at a meeting on Sunday, two sources familiar with the discussions said, as the group seeks to regain market share. OPEC+ has reversed its strategy of output cuts from April and ...
Wednesday, September 3
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SRN News
Macy’s lifts annual forecasts as turnaround efforts start paying off
(Reuters) -Macy’s raised its annual sales and profit forecasts on Wednesday, helped by resilient demand across banners including Bloomingdale’s and Bluemercury chains as the retailer’s turnaround plan takes shape. Shares of the company were up about 7% in premarket trading. Shedding some underperforming banners as part ...
Wednesday, September 3
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SRN News
EV maker Polestar posts wider quarterly loss on tariffs, pricing pressure
STOCKHOLM (Reuters) -Electric vehicle maker Polestar reported a wider loss for the second quarter on Wednesday, after U.S. tariffs and intensifying price pressure led to an impairment charge of its flagship model, Polestar 3. Despite strong sales in its home market of Europe, demand ...
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