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JetBlue Airways posts bigger second-quarter loss as fuel costs surge

JetBlue Airways posts bigger second-quarter loss as fuel costs surge

July 28 (Reuters) - U.S. carrier JetBlue reported a bigger second-quarter loss on Tuesday, hurt by a surge in fuel costs after the war in Iran curbed oil supplies. The airline also introduced a long-term profit target of at least $1.00 per share for 2028, citing benefits from its strategic overhaul.

Nucor beats quarterly results on strong pricing, demand

Nucor beats quarterly results on strong pricing, demand

July 27 (Reuters) - Nucor beat Wall Street estimates for second-quarter profit and revenue on Monday, helped by higher pricing and strong volumes in its steel mills segment.

PayPal presses on with turnaround in pivotal quarter as sale questions linger

PayPal presses on with turnaround in pivotal quarter as sale questions linger

July 28 (Reuters) - PayPal doubled down on its turnaround plan on Tuesday, raising its 2026 profit forecast and outlining cost-saving steps, as it looks to convince investors that it is worth more than the $53 billion takeover offer that analysts described as "low-ball".

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

Zhongji Innolight raises $6.81 billion in Asia's second-largest listing of 2026

By Yantoultra Ngui and Roshan Thomas SINGAPORE, July 28 (Reuters) - Chinese optical parts maker Zhongji Innolight said on Tuesday it had priced its Hong Kong listing at HK$980 per H share, raising HK$53.41 billion ($6.81 billion) in Asia's second-largest listing this year.

UPS raises full-year forecast after upbeat quarter, wraps up Amazon volume transition

UPS raises full-year forecast after upbeat quarter, wraps up Amazon volume transition

LOS ANGELES, July 28 (Reuters) - United Parcel Service raised its annual revenue forecast and posted second-quarter results above Wall Street estimates on Tuesday after a planned pullback in Amazon.com volumes as a promised return to year-over-year growth materialized.

Boeing posts larger-than-expected Q2 loss as Air Force One costs rise

Boeing posts larger-than-expected Q2 loss as Air Force One costs rise

By Dan Catchpole SEATTLE, July 28 (Reuters) - Boeing on Tuesday reported a larger-than-expected quarterly loss after taking a $280 million charge on its troubled Air Force One replacement program, but generated positive free cash flow as its turnaround plans gained momentum.

Cadence raises annual forecasts as demand booms for AI chip design

Cadence raises annual forecasts as demand booms for AI chip design

July 27 (Reuters) - Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software. Shares of the company rose more than 5% in extended trading.

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

Nasdaq futures slide as AI worries mount ahead of pivotal earnings

By Johann M Cherian and Ragini Mathur July 28 (Reuters) - Nasdaq futures fell on Tuesday, mirroring a cautious mood across global markets toward AI chip stocks on concerns about hefty corporate spending and rising Chinese competition, ahead of earnings from some of the biggest companies on Wall

Cincinnati Financial's quarterly profit falls on higher catastrophe losses

Cincinnati Financial's quarterly profit falls on higher catastrophe losses

July 27 (Reuters) - Property and casualty insurer Cincinnati Financial on Monday reported a fall in second-quarter profit on higher catastrophe losses, sending its shares down 5.1% in extended trading.

European shares subdued as earnings boost counters tech slide

European shares subdued as earnings boost counters tech slide

July 28 (Reuters) - European shares were subdued on Tuesday as a global selloff in technology stocks was balanced by earnings-driven gains in luxury and consumer stocks, with lower oil prices lending additional support. The pan-European STOXX 600 index held its ground at 645.32, as of 0703 GMT.

Apollo Global to invest $1.5 billion in Keppel oil rig fund

Apollo Global to invest $1.5 billion in Keppel oil rig fund

July 27 (Reuters) - Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday.

European shares steady as tech weakness offsets US-Iran optimism

European shares steady as tech weakness offsets US-Iran optimism

By Tharuniyaa Lakshmi, Purvi Agarwal and Avinash P July 27 (Reuters) - European shares ended little changed on Monday as losses in technology stocks, led by ASML, stifled a rally fuelled by easing U.S.-Iran tensions and a sharp drop in oil prices.