Verizon Communications Inc on Thursday beat second-quarter profit estimates as the largest U.S. mobile carrier added far more net new phone subscribers who pay a monthly bill than expected.
Yum Brands Inc beat Wall Street expectations for quarterly profit and sales on Thursday, as the restaurant chain operator benefited from better-than-expected growth at KFC, Pizza Hut and Taco Bell.
U.S. grains merchant Archer Daniels Midland Co on Thursday reported a 41.3% drop in second-quarter adjusted profit and missed Wall Street expectations, after being battered by the U.S.-China trade war and severe U.S. weather this spring that caused it significant supply-chain woes.
Funding Report for July 2019
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U.S. refiner Marathon Petroleum Corp on Thursday beat estimates for quarterly profit, as it transported more crude through its pipelines and benefited from higher sales from its gas stations business.
Health insurer Cigna Corp raised its forecast for full-year adjusted earnings on Thursday after posting a better-than-expected profit in the second quarter, helped by higher revenue from its pharmacy benefits unit and its commercial health plans.
Uncertainty looms after the Fed;'s rate cut, but traders haven't lost optimism.
London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg.
General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast.
Yum Brands Inc beat analysts' expectations for quarterly profit and sales on Thursday, as the restaurant chain operator benefited from better-than-expected growth at all its restaurant chains, including Pizza Hut, sending its shares up 4%.
The number of Americans filing applications for unemployment benefits increased last week, but the trend in claims remained consistent with tightening labor market conditions.
Goldman Sachs estimates an 80% probability of another rate cut this year to wrap up the Fed's easing cycle.
The Federal Reserve delivered their first rate cut since 2008 but Wall Street economists disagree about what happens next.
Bombardier Inc on Thursday lowered its full-year core earnings and free cash flow forecasts, and reported a quarterly loss, as the Canadian plane and train maker wrestles with challenges in its important rail division.
U.S. stock futures bounced on Thursday, a day after the S&P 500 and Dow saw their worst day since May, as focus shifted from the Federal Reserve's cautious stance on further interest rate cuts to corporate earnings, which have been robust.