Investing.com - Walt Disney (NYSE: DIS) has reported profit and revenue in its fiscal second quarter that topped estimates, while the entertainment giant annual forecast also beat projections despite lingering concerns over tariff-fueled economic uncertainty.
Adjusted earnings per share for the second quarter came in at $1.45, up from $1.21 a year earlier. Analysts had anticipated $1.20, according to Bloomberg consensus forecasts.
Revenue, meanwhile, climbed by 7% to... (continue reading...)
Investing.com -- Brussels is preparing to propose tariffs on Boeing (NYSE: BA) aircraft as part of a broader response plan if ongoing trade talks with Washington fail to yield progress, the Financial Times reported on Wednesday.
Citing two sources familiar with the discussions, the report notes that the European Commission plans to include civilian aircraft on a list of around €100 billion worth of U.S. imports that could be targeted.
These measures, however, would only... (continue reading...)
Investing.com -- Bank of America upgraded Advanced Micro Devices (NASDAQ: AMD) to Buy from Neutral, citing a “compelling” risk-reward profile and potential for 20%+ top-line growth in the next two years.
The firm raised its price objective to $120 from $105, reflecting increased earnings estimates and higher confidence in AMD’s product roadmap.
Following AMD’s first-quarter beat and a stronger-than-expected Q2 sales outlook of $7.4 billion, 10% above BofA’s forecast... (continue reading...)
Investing.com-- U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with their Chinese counterparts for trade negotiations in Switzerland this week, their offices said on Tuesday.
Both Bessent and Greer will meet with Swiss President Karin Keller-Sutter, and will also meet with their counterparts from the People’s Republic of China “to discuss trade matters,” their respective offices said in a statement. The two will travel to... (continue reading...)
Investing.com -- Crude Oil WTI Futures rebounded Tuesday, following a slump a day earlier when major oil producers announced plans to ramp up production in the coming months, but the bears may soon retake the reins, Scotiabank (TSX:BNS) says, warning of a supply surplus.
"The latest OPEC+ June quota increase of another 411,000 barrels per day will further pressure the already weakened oil market," Scotiabank analysts said in a recent note.
The analysts expect that as... (continue reading...)
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