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UPS Lifts FY26 Outlook, Despite Weak Q2 Profit
Logistics major United Parcel Service Inc. reported Tuesday shaply lower profit in its second quarter, hurt by transformation charges, despite higher revenues. Further, the firm lifted fiscal 2026 outlook. Carol Tomé, UPS chief executive officer, stated, "We entered the second half of the year with strong momentum..."
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43 days ago
CAC 40 Advances On Positive Corporate Results
French stocks advanced for a third consecutive session Tuesday, with the CAC 40 index climbing to 8,429.21, up 0.28%. Strong corporate earnings and weak oil prices amid easing Middle East tensions supported gains across major sectors.
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43 days ago
Indian Shares End Choppy Session Little Changed; IT Stocks Surge
Indian shares ended a choppy session marginally lower on Tuesday, even as IT stocks surged as concerns over China's rising semiconductor capabilities coupled with Nvidia's AI infrastructure deals worth more than $750 billion sparked fears of an AI bubble and circular financing.
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44 days ago
Gold Prices Dip Toward $4000 Ahead Of Fed Decision
Gold prices were sharply lower on Tuesday as traders waited for the Federal Reserve policy decision.
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44 days ago
Automakers Lead German Market Higher On Industry Push
The DAX index rose 0.34% Tuesday as oil prices declined to one-week lows on U.S.-Iran negotiations hopes. Automakers led gains, with Mercedes-Benz and Volkswagen rallying on auto industry revival initiatives.
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44 days ago
Philips Stock Drops On Weak Q2 Orders, Despite Profit Growth, Positive Outlook
Shares of Koninklijke Philips N.V. Were losing around 11 percent in Amsterdam as well as in pre-market activity on the NYSE, after the Dutch consumer electronics giant reported Tuesday weak orders in its second quarter, even as profit increased significantly, mainly on US tariff refund and slightly higher net sales. Further, the firm lifted fiscal 2026 Adjusted EBITA outlook to reflect US tariff..
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44 days ago
Oil Extends Declines For Third Day Amid US-Iran Truce Hopes
Oil extended declines to hit their lowest levels in more than a week on Tuesday after U.S. President Donald Trump said the U.S. was having "good talks" with Iran, raising optimism over the prospects for a negotiated peace deal.
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44 days ago
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European Shares Surge Amid Earnings Deluge
European stocks were moving higher on Tuesday as investors reacted to a barrage of earnings results and looked forward to the Federal Reserve's rate decision on Wednesday for directional cues.
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44 days ago
Australian Dollar Falls After RBA Bullock Comments And Tech Rout
The Australian dollar weakened against other major currencies in the European session on Tuesday, following the comments of the Reserve Bank of Australia (RBA) Governor Michele Bullock.
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44 days ago
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against other major currencies in the European session on Tuesday.
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44 days ago
Asian Shares Mixed On AI Spending Worries
Asian stocks ended mixed on Tuesday, with tech-heavy Japan and South Korea leading losses amid doubts over returns from billions of dollars of artificial-intelligence spending.
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44 days ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the European session on Tuesday.
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44 days ago
European Shares Seen Broadly Higher At Open
European stocks are seen opening broadly higher on Tuesday, even as London's FTSE 100 may pull back as oil prices extended their sharp retreat on hopes for diplomatic progress between the United States and Iran to end the conflict in the Middle East.
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44 days ago
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