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Southwest misses profit expectations as weak domestic demand erodes fares

(Reuters) -Southwest Airlines missed Wall Street estimates for second-quarter profit on Wednesday, pressured by weak domestic travel demand that has led to more empty seats and softer fares. Shares of the carrier were down 2% in aftermarket trading. The budget carrier reported an adjusted profit per ...
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US stocks hit more records following US-Japan trade deal 

NEW YORK (AP) — U.S. stocks set more records on Wednesday following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports coming to the United States.  The S&P 500 added 0.8% to its all-time high. The Dow Jones Industrial ...
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Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals

(Reuters) -Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday. According to a Worker Adjustment & Retraining Notification dated July 18, the U.S. energy major laid off the employees ...
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Factbox-The five female Fed presidents who may have been on Bessent’s mind

(Reuters) -One of the Federal Reserve’s five female regional bank presidents could replace U.S. central bank chief Jerome Powell, Treasury Secretary Scott Bessent said on Tuesday – an intriguing comment given that none of the 12 Fed regional bank presidents have signaled they are ...
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Trump administration canceled a $4.9B loan guarantee for a line to deliver green power

TOPEKA, Kan. (AP) — The Trump administration on Wednesday canceled a $4.9 billion federal loan guarantee for a new high-voltage transmission line for delivering solar and wind-generated electricity from the Midwest to the eastern U.S. The U.S. Department of Energy declared that it is “not ...
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Meta launches new teen safety features, removes 635,000 accounts that sexualize children

Instagram parent company Meta has introduced new safety features aimed at protecting teens who use its platforms, including information about accounts that message them and an option to block and report accounts with one tap. The company also announced Wednesday that it has removed ...
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Hershey and other chocolate makers hike prices as cocoa remains near record highs

Here’s the good news: The Hershey Co. says it’s not raising prices for Halloween candy this year. But here’s the bad news: Hershey and other chocolate makers are continuing to hike prices, saying a volatile cocoa market gives them no choice. Hershey, the maker of Reese’s, ...
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Paramount+ wins’South Park’ library and new episodes after prolonged negotiations

(Reuters) -Paramount Global has extended its partnership with “South Park” creators Trey Parker and Matt Stone for another five years, the company said on Wednesday. Under the new deal, Paramount will pay South Park Digital Studios, co-owned by the media giant and Park County, ...
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US refiners may see Q2 profit recover on stronger diesel margins 

By Nicole Jao NEW YORK (Reuters) -Investors are expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boost earnings. Fuelmakers have reaped unexpected profits from producing key products in recent ...
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US, EU trade talks boosted by Trump’s agreement with Japan

By Philip Blenkinsop and Trevor Hunnicutt BRUSSELS/WASHINGTON (Reuters) -The European Union and the U.S. are heading for a potential trade deal that includes a 15% U.S. baseline tariff on EU goods and possible exemptions, two European diplomats said on Wednesday, potentially moving President Donald Trump ...
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Wise’s U.S. move proposals face fresh opposition from shareholder advisers

By Elizabeth Howcroft (Reuters) -A shareholder adviser group, Glass Lewis, expressed new concerns about UK-based money transfer company Wise’s plans to change its primary listing to the U.S., just days before a shareholder meeting, and another adviser, PIRC, said that it opposed the plans. In a ...
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Mexico’s Banorte warns FX, potential dividend could weigh on full-year results

By Natalia Siniawski MEXICO CITY (Reuters) -Executives at Mexican lender Banorte on Wednesday warned that foreign-exchange volatility and a potential dividend payout could weigh on the company’s performance for the remainder of the year. The cautionary outlook came a day after the bank reported a 4% ...
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