Reuters

(Reuters) - KeyCorp forecast a bigger drop in average loans in 2024 than previously anticipated on Thursday, and posted a 5% fall in second-quarter profit as costlier deposits eroded the regional lender's interest income, sending its shares down 2% in premarket trading.

KeyCorp forecasts bigger drop in annual average loans on tepid demand

First Horizon Corp. shares fell in intraday trading Wednesday after the company reported second-quarter results lower than analysts' projections. Revenue and profits fell year-over-year as net interest income (NII) decreased. First Horizon also lowered its full-year NII outlook. Shares of First Horizon Corp. (FHN) slipped in intraday trading Wednesday after...

First Horizon Stock Slides as Regional Bank Lowers Outlook, Earnings Miss

Marsh McLennan reported second-quarter earnings and sales below Wall Street's estimates. Revenue grew in both the company's insurance and consulting divisions. The company's shares fell Thursday, but remain up some 15% this year. Marsh & McLennan Cos, (MMC) reported second-quarter sales and earnings that missed Wall Street's estimates before the...

Marsh & McLennan Stock Slips After Its Sales, Earnings Miss Estimates

(Reuters) - Textron beat Wall Street estimates for second-quarter profit on Thursday, on higher demand across its businesses that make private jets and military helicopters. Private jet makers have gained from robust demand for aircraft since the pandemic, as the wealthy switched to private flying.

Textron posts quarterly profit beat on business jet, helicopter demand

State Street posted records for both assets under control/administration and assets under management. Its quarterly profit and sales beat estimates. The financial services firm reported higher interest income and fee revenue. State Street shares rose to their highest level in more than a year. Shares of State Street (STT) rose...

State Street Stock Climbs as Assets Rise, Profit Beats Estimates

PNC Financial (PNC) shares surged over 4% Tuesday after the bank reported second-quarter profit and revenue that beat analysts' estimates. The bank also gave a stronger outlook for net interest income (NII). PNC reported revenue rose 2.2% from a year ago to $5.41 billion, slightly above expectations. Earnings per share...

PNC Stock Surges on Q2 Revenue, Earnings Beat

U.S. Bancorp (USB) shares surged in intraday trading Wednesday after the bank holding company’s second-quarter results beat analysts' expectations on the top and bottom lines. The company reported earnings per share (EPS) of $0.97 on revenue of $6.87 billion, above Visible Alpha consensus estimates of $0.94 per share in...

U.S. Bancorp Stock Pops on Q2 Earnings Beat

Goldman Sachs analysts anticipate Apple Inc. (NASDAQ:AAPL) will surpass earnings expectations for the third quarter of fiscal 2024. They project Apple will report revenue of $85.1 billion, a 4% year-over-year increase, and earnings per share (EPS) of $1.36, compared to the FactSet consensus of $1.33. Goldman Sachs expects iPhone revenue...

Goldman Sachs expects Apple to post an earnings beat

Taiwan Semiconductor Manufacturing Company reported second-quarter results that beat analysts' estimates amid surging demand for artificial intelligence chips. Sales rose 40% year-over-year, while profits rose 36%, with the company projecting continued growth for the third quarter. TSMC shares gained in early trading Thursday before turning lower, extending Wednesday's losses on...

TSMC's Q2 Earnings, Revenue Beat Amid AI Chip Boom

Darden Restaurants will buy Tex-Mex restaurant chain Chuy's for $605 million in cash. The $37.50-per-share deal is a 48.4% premium over Chuy's closing price Wednesday. Chuy's has a 30-day "go-shop" option to look for other potential suitors. Shares of Chuy’s Holdings (CHUY) soared Thursday after Darden Restaurants (DRI) announced it...

Darden Restaurants Pays a Big Premium To Buy Chuy's Tex-Mex Restaurant Chain

Jefferies analysts expect that a slide in business IT spending will bottom out soon. That could help shares of EPAM Systems, they wrote, upgrading the shares to a a buy and raising their price target. EPAM will benefit from artificial intelligence demand and an attractive valuation, Jefferies wrote. Jefferies sees...

Jefferies Sees a Bottom for IT Spending—EPAM Systems Stock Could Get a Boost

Investing.com - Netflix (NASDAQ: NFLX) reported second quarter EPS of $4.88, $0.14 better than the analyst estimate of $4.74. Revenue for the quarter came in at $9.56B versus the consensus estimate of $9.53B. Guidance. Netflix sees Q3 2024 EPS of $5.10 versus the analyst consensus of $4.74. Netflix sees Q3...

Netflix earnings beat by $0.14, revenue topped estimates

Although Domino’s Pizza reported 4.8% same-store sales growth for the second quarter ended June 16, the company’s stock took a 14% nosedive after failing to meet investors’ expectations and suspending its store growth guidance due to challenges in international markets. As U.S. sales steadily increased for Domino’s...

Domino’s positive Q2 same-store sales are offset by lackluster international performance

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J. Souza

There's nothing quite like having a balcony cabin on a cruise ship. But while that semi-private space might seem like yours to do with as you please, Carnival is making sure cruisers know it comes with limitations.

Carnival Issues Ban on Balcony Activity Popular with Another Cruise Line

NEW YORK, July 15, 2024 – The Goldman Sachs Group, Inc. (NYSE: GS) reported net revenues of $12.73 billion and net earnings of $3.04 billion for the second quarter ended June 30, 2024. Diluted earnings per common share (EPS) were $8.62, and the annualized return on average common shareholders’ equity (ROE) was 10.9% for the second quarter of 2024.

Goldman Sachs reports Q2 earnings per share of $8.62

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

LONDON - Schlumberger Ltd . (NYSE: NYSE:SLB) shares edged up 1.85% as the company reported second-quarter earnings and revenue that surpassed analyst expectations. The oilfield services giant posted adjusted earnings per share (EPS) of $0.85, which was $0.02 higher than the consensus estimate of $0.83. Revenue for the quarter also exceeded forecasts, coming in at $9.14 billion against the anticipated $9.08 billion.

SLB shares edge up as Q2 earnings and revenue top estimates

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Shares of Abbott Laboratories (ABT) declined in intraday trading Thursday as the healthcare products maker’s sales of COVID-19 tests slumped with the pandemic ending. The company reported second-quarter adjusted earnings per share (EPS) of $1.14, with revenue rising 4% year-over-year to $10.38 billion. Both beat estimates. The results were...

Abbott Laboratories Posts Big Drop in COVID-19 Testing Revenue

Washington State

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Mill Creek, WA

Timothy A Gruver

The Washington State Department of Labor & Industries reported on Wednesday that it fined four roofing contractors more than a million dollars for letting their workers perform on top of homes without fall protection gear, among other safety violations.

Roofing Companies Fined $1.27M for Endangering Workers

NewsBreak

Autoliv Misses Estimates and Cuts Outlook as Auto Sales Slow

Autoliv blamed a slump in car demand for a drop in second-quarter sales and lowered its guidance. The Swedish maker of automotive safety equipment missed quarterly...

Autoliv Misses Estimates and Cuts Outlook as Auto Sales Slow

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