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Latest Articles
Mercedes gets shares boost on stable second quarter despite China woes
49+ min ago (483+ words) BERLIN, July 28 (Reuters) – Shares in Mercedes-Benz got a boost on Tuesday after cost cuts helped stabilise profit in the second quarter, with further measures planned at its German plants, but intense Chinese competition cast a shadow over its core business....
Morning Bid: Chip rout snowballs
28+ min ago (596+ words) July 28 (Reuters) – By Mike Dolan, Editor-at-Large, Finance and Markets The chip stock correction snowballed again overnight amid growing concerns about rising competition and circular financing. This comes ahead of a set of critical earnings reports from tech companies on Wall…...
India’s Pine Labs profit jumps four-fold as digital payments adoption increases
45+ min ago (178+ words) July 28 (Reuters) – Indian fintech firm Pine Labs on Tuesday posted a more than four-fold increase in first-quarter profit, driven by increased adoption of digital payments and the underlying infrastructure in the country. • The company’s consolidated profit rose to 195.7 million rupees…...
Sports betting industry spending on US midterm elections surpasses $72 million
56+ min ago (711+ words) NEW YORK, July 28 (Reuters) – DraftKings, FanDuel and other online sports betting companies have ramped up election spending on the U.S. midterms to at least $72 million so far, the latest campaign election data shows, as prediction markets like Kalshi and Polymarket…...
Hilton raises annual room revenue growth forecast on strong luxury hotel demand
50+ min ago (151+ words) July 28 (Reuters) – Hilton Worldwide Holdings raised its forecast for full-year room revenue growth on Tuesday, as demand from its luxury properties remains robust. Wealthier households have continued to spend on luxury experiences despite persistent inflationary pressures and weaker revenues from…...
Yum CEO faces first big test as Taco Bell outbreak clouds earnings
50+ min ago (489+ words) By Neil J Kanatt and Koyena Das July 28 (Reuters) – Yum Brands earnings on Thursday will offer the clearest view yet of whether a growing cyclospora outbreak linked to Taco Bell has hit sales at the fast-food chain’s growth driver. The…...
The Questions About the Delay Regarding the Presser About the Seattle Shooting Rattle Its Mayor
11+ min ago (183+ words) As questions linger about delays in updating the public after Sunday’s deadly mass shooting at Seattle Center, Gov. Bob Ferguson and U.S. Rep. Pramila Jayapal say they weren’t to blame. A Seattle police public information officer told journalists Sunday night…...
Europe’s Record Wildfires
10+ min ago (230+ words) You’re reading The Morning Dispatch, our flagship daily newsletter explaining all the news you need to know today in fewer than 15 minutes. To unlock the full version, become a Dispatch member today. Happy Tuesday! In shocking news, New York’s Metropolitan…...
Heritage Foundation Civil War Exposes Deep Fissures in the Post-Trump Right
1+ hour, 14+ min ago (266+ words) An intense ideological civil war within the Heritage Foundation over Project 2025 threatens to redefine the future of the American conservative movement. The Heritage Foundation, historically the unassailable intellectual engine of American conservatism, is visibly fracturing. An intense ideological and generational…...
Why a Former FDA Official Got Very Uncomfortable During This Interview on CNBC
16+ min ago (465+ words) Amy shared a story yesterday: Anthony Fauci acts like a diva, with an ego big enough to fill the entire United States, and frankly, he deserves to be hated as one of the most insufferable people in the country. He…...