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Jack in the Box CEO says Hispanic consumers pulling back spending over ‘uncertainty’

By Waylon Cunningham (Reuters) -Hispanic consumers in Jack in the Box’s core markets “face uncertainty and have pulled back their spending,” with the issue having an outsized impact on the U.S. fast-food chain’s sales, its CEO said. Same-store sales for Jack in the Box declined ...
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Australian miner Fortescue lands near $2 billion loan to advance decarbonisation

(Reuters) -Fortescue said on Friday it had secured a syndicated term loan facility worth 14.2 billion Chinese yuan ($1.98 billion) as the Australian miner looks to support its ambitious decarbonisation plans. The mining giant said at the end of July that it was scaling ...
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Motorola Solutions raises annual revenue forecast on steady demand

(Reuters) -Safety and enterprise security services provider Motorola Solutions raised annual revenue forecast on Thursday, driven by robust demand for its safety and security solutions. Government agencies and businesses have been making efforts to strengthen their security and communication infrastructure, aiming to prevent disruptions to ...
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Citigroup hires JPMorgan’s Baygual as co-head of M&A, memo shows

(Reuters) -Citigroup has appointed JPMorgan Chase’s Guillermo Baygual as co-head of mergers and acquisitions, according to an internal memo seen by Reuters on Thursday, as the U.S. bank seeks to grow its share of the lucrative dealmaking business. Baygual, who has spent over 25 years ...
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Instacart forecasts strong quarter on demand for cheaper grocery deliveries

(Reuters) -Instacart forecast third-quarter gross transaction value above Wall Street estimates on Thursday, betting on resilient demand amid efforts to offer cheaper groceries through its platform, sending its shares up 9% in extended trading. The company, also known as Maplebear, has doubled down on its ...
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Take-Two lifts annual bookings forecast on ‘Mafia’, ‘Borderlands’ launches

By Zaheer Kachwala (Reuters) -Take-Two Interactive raised its annual bookings forecast on Thursday, betting on strong demand for its new “Mafia” and “Borderlands” titles, sending its shares up 5% in extended trading. The firm stuck to the May 26 launch date for its highly awaited ...
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Tesla disbands Dojo supercomputer team, Bloomberg News reports

(Reuters) -Tesla is disbanding its Dojo supercomputer team and its leader, Peter Bannon, will depart the company, Bloomberg News reported on Thursday, citing people familiar with the matter. The Dojo supercomputer was designed to process vast amounts of data and video from Tesla cars to ...
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Pemex plan disappoints suppliers awaiting billions in overdue payments

By Ana Isabel Martinez and Adriana Barrera MEXICO CITY (Reuters) -The head of an association representing global oilfield service firms in Mexico said on Thursday that a new business plan for state oil company Pemex lacks concrete measures to address its massive debt with suppliers, ...
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MSCI announces changes to equity indexes

By Rodrigo Campos NEW YORK (Reuters) -MSCI said on Thursday it will add 42 securities and delete 56 from its widely followed ACWI equity index. The three largest companies by market capitalization to be added to the developed markets index are Rocket Lab, SoFi Technologies and ...
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Trading Day: Tariffs, Fed fears vs tech optimism

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Tariffs and worries over the Federal Reserve’s independence battled against tech resilience in U.S. stock market trading on Thursday, while the Bank of England’s narrow call to ...
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Chime beats revenue estimates in first earnings since blowout US IPO

(Reuters) -Chime beat Wall Street estimates for second-quarter revenue on Thursday, driven by strong demand for its digital banking and financial services, in its first results following a blockbuster U.S. listing. Younger customers in the U.S., disillusioned with fees and limited flexibility at large banks, ...
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INSTANT VIEW – Trump picks Stephen Miran to fill open spot on Fed board

NEW YORK (Reuters) -U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor. Here are some investor comments about the impact to markets: JOHN VELIS, AMERICAS MACRO STRATEGIST, BNY, NEW YORK: ...
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