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Wall Street set for steady open on Fed rate cut hopes; earnings in focus

By Nikhil Sharma and Pranav Kashyap (Reuters) -Wall Street was poised for a steady start on Wednesday, as ongoing optimism about Federal Reserve interest rate cuts kept markets afloat and investors assessed a fresh wave of corporate earnings. At 8:15 a.m. ET, S&P 500 E-minis were ...
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Swiss cheesemakers fear for US sales if hit by tariffs

By Manuel Ausloos Yverdon-Les-Bains, Switzerland (Reuters) -Swiss cheese producers are bracing for a steep drop in U.S. sales after President Donald Trump announced a 39% tariff on Swiss imports due to take effect on Thursday. Swiss President Karin Keller-Sutter and Business Minister Guy Parmelin have travelled ...
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Carlyle’s second-quarter profit tops estimate on fee growth as AUM climbs

By Isla Binnie and Niket Nishant (Reuters) -Carlyle Group reported a better-than-expected profit in the second quarter on Wednesday, helped by a pickup in fees as it grew its assets under management. Its CEO Harvey Schwartz has been working on a turnaround after a few ...
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New York Times forecasts subscription revenue above estimates on bundling strength

(Reuters) -The New York Times forecast third-quarter subscription revenue growth above Wall Street expectations on Wednesday, as it bet on adding more customers through its bundled strategy. Shares of the publisher rose more than 4% in premarket trading. The NYT has been packaging its core news ...
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UK watchdog clears Omnicom’s $13.25 billion deal to buy Interpublic

(Reuters) -Britain’s competition regulator said on Wednesday it would not refer the merger between Omnicom and Interpublic to an in-depth phase 2 probe, clearing the way for the creation of the world’s largest advertising and marketing agency. Omnicom struck the $13.25 billion all-stock deal for ...
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Disney’s 3Q profit climbs as it sees strength at domestic parks, adds streaming subscribers

Disney’s profit and revenue climbed in its fiscal third quarter as the entertainment company continued to add subscribers to its streaming service and see strength at its domestic theme parks. The Walt Disney Co. earned $5.26 billion, or $2.92 per share, for the three months ...
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McDonald’s posts better-than-expected sales as chicken strips, Minecraft meal drive traffic

Hot products like a “Minecraft”-themed meal helped McDonald’s turn around its sagging sales in the second quarter. The Chicago burger giant said Wednesday its revenue rose 5% to $6.8 billion in the April-June period. That was higher than the $6.7 billion Wall Street forecast, according ...
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Japan’s Honda forecasts drop in profits despite strong US auto sales

TOKYO (AP) — Honda’s profit in the last quarter was half of what it was a year earlier, the company said Wednesday, as automakers were hit by 25% tariffs on vehicle exports to the United States. The Japanese automaker reported Wednesday that its April-June ...
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ESPN reaches multi-year extension to air NFL Draft as well as additional rights for DTC service

ESPN will continue to broadcast the NFL Draft as well as obtaining new digital rights for its upcoming direct-to-consumer service. The two agreements were announced Wednesday morning, two hours before the Walt Disney Company announced its third-quarter earnings. It also came after the NFL and ESPN ...
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Tariffs in crucial sectors could last beyond Trump era, says JPMorgan’s geopolitics arm

(Reuters) -The effective tariff rate on U.S. imports will settle near 22% and duties on sensitive sectors critical to national security are unlikely to be lifted, JPMorgan Chase’s Center for Geopolitics wrote in a report on Wednesday. Tariffs are being viewed across party lines as ...
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Shopify forecasts third-quarter revenue above estimates

(Reuters) -Shopify forecast third-quarter revenue above market estimates on Wednesday, as its AI features and platform upgrades boosted demand for its e-commerce services despite tariff-related uncertainty pressuring retail businesses. The company expects revenue to rise mid-to-high twenties percentage rate in the current quarter, while ...
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McDonald’s global sales top estimates as affordable meal options boost demand

By Savyata Mishra (Reuters) -McDonald’s global comparable sales beat Wall Street expectations for second quarter, as affordable meal bundles and promotions drew in budget-conscious diners looking to stretch their dollars amid persistent economic uncertainty. Strong demand in the U.S. and international markets powered a 3.8% ...
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