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Analysis-Jersey Mike’s, Reformation IPOs pose test for US retail listings

Analysis-Jersey Mike’s, Reformation IPOs pose test for US retail listings

By Abigail Summerville NEW YORK, July 22 (Reuters) - Sandwich chain Jersey Mike's and women's fashion retailer Reformation are advancing their planned IPOs, putting the spotlight on U.S. retail listings whose volumes this year are the lowest in a decade amid a broader resurgence in IPOs.
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Blackstone-backed Jersey Mike's Targets $7.9 Billion Valuation in US IPO

Blackstone-backed Jersey Mike's Targets $7.9 Billion Valuation in US IPO

Blackstone-backed Jersey Mike's Targets $7.9 Billion Valuation in US IPO
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Jersey Mike's Subs Targets $7.9 Billion Valuation in US IPO

Jersey Mike's Subs Targets $7.9 Billion Valuation in US IPO

Jersey Mike's Subs Targets $7.9 Billion Valuation in US IPO
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Tesla cash burn to test investor faith in AI bets

Tesla cash burn to test investor faith in AI bets

By Akash Sriram and Abhirup Roy July 21 (Reuters) - Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.
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Many US patients opt for obesity drug injections, defying some expectations

Many US patients opt for obesity drug injections, defying some expectations

By Chris Prentice and Mariam Sunny NEW YORK, July 22 (Reuters) - Many patients have opted for injectable forms of the wildly popular GLP-1 obesity medications through a pilot program of the U.S. government's Medicare health insurance program for Americans aged 65 and older, according to early
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US exchanges to see volume boost, but regulatory stance to take center stage

US exchanges to see volume boost, but regulatory stance to take center stage

By Utkarsh Shetti July 21 (Reuters) - U.S. exchanges will this week start reporting results, which will see a boost from volatility-driven trading volumes, but analysts are likely to weigh that against worries over the regulatory environment and potential higher competition from newer entrants.
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3M boosts annual profit forecast driven by resilient industrial unit

3M boosts annual profit forecast driven by resilient industrial unit

July 21 (Reuters) - 3M lifted its full-year profit forecast on Tuesday on the back of cost-control measures, price hikes and continuing strength in its safety & industrial business, sending shares of the industrial giant up 6% in premarket trading.
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Northrop Grumman raises 2026 forecasts on strong weapons demand

Northrop Grumman raises 2026 forecasts on strong weapons demand

By Mike Stone and Aishwarya Jain July 21 (Reuters) - Defense supplier Northrop Grumman on Tuesday lifted its 2026 sales and adjusted profit forecast, supported by sustained demand for weapons amid a wave of global geopolitical conflicts. U.S.
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Charles Schwab posts record quarterly profit on trading boom

Charles Schwab posts record quarterly profit on trading boom

July 21 (Reuters) - Brokerage firm Charles Schwab posted a record second-quarter profit on Tuesday, driven by robust trading activity and increased asset management fees.
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Halliburton tumbles on tepid revenue forecast, Middle East recovery warning

Halliburton tumbles on tepid revenue forecast, Middle East recovery warning

By Vallari Srivastava July 21 (Reuters) - Halliburton shares fell more than 6% on Tuesday after the U.S. oilfield services provider forecast weaker third-quarter revenue and flagged uncertainty about the pace of recovery in the Middle East.
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Amgen settles shareholder lawsuit claiming it hid $10.7 billion tax bill

Amgen settles shareholder lawsuit claiming it hid $10.7 billion tax bill

By Jonathan Stempel NEW YORK, July 21 (Reuters) - Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes.
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How PayPal went from Wall Street favorite to unwilling merger target

How PayPal went from Wall Street favorite to unwilling merger target

By Hannah Lang, Milana Vinn and Manya Saini July 20 (Reuters) - Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like.