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S&P 500, Dow at record highs as Mideast hopes offset SpaceX, AMD drag

S&P 500, Dow at record highs as Mideast hopes offset SpaceX, AMD drag

By Johann M Cherian and Shashwat Chauhan Aug 5 (Reuters) - The S&P 500 and the Dow traded at all-time highs on Wednesday, as hopes of a Middle East peace breakthrough offset the slide in shares of SpaceX and AMD after the upbeat forecasts issued by the companies failed to impress investors.
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Carlyle tops profit expectations on pick-up in fees, deals

Carlyle tops profit expectations on pick-up in fees, deals

Aug 5 (Reuters) - Global investment firm Carlyle topped Wall Street estimates for second-quarter profit on Wednesday, as fee-related earnings climbed and the group booked proceeds from deals in Japan and the U.S.
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Marathon Petroleum's profits surge on big refining margin boost

Marathon Petroleum's profits surge on big refining margin boost

By Nicole Jao and Arunima Kumar NEW YORK, Aug 4 (Reuters) - U.S. refiner Marathon Petroleum on Tuesday reported second-quarter profit jumped four-fold to $5.14 billion, topping analyst estimates as prolonged disruptions to crude supplies through the Strait of Hormuz doubled refining margins.
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European shares hover near record highs as earnings offset Mideast uncertainty

European shares hover near record highs as earnings offset Mideast uncertainty

By Tharuniyaa Lakshmi and Ragini Mathur August 5 (Reuters) - European shares were muted on Wednesday as investors assessed a fresh batch of corporate earnings while keeping an eye on fast-moving developments in the Middle East.
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Lilly's Mounjaro, Zepbound sales surge, widening lead over Novo Nordisk

Lilly's Mounjaro, Zepbound sales surge, widening lead over Novo Nordisk

By Mrinalika Roy and Mariam Sunny Aug 5 (Reuters) - Sales of Eli Lilly's Zepbound and Mounjaro injectable weight-loss and diabetes drugs soared during the second quarter, easily beating Wall Street estimates and widening the gap with Danish rival Novo Nordisk.
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US stock futures advance as strong AI-linked earnings continue

US stock futures advance as strong AI-linked earnings continue

By Johann M Cherian and Shashwat Chauhan Aug 4 (Reuters) - U.S. stock index futures rose on Tuesday after strong forecasts from Palantir and ON Semiconductor reassured investors about AI-driven demand, while Middle East developments and U.S. earnings were also in focus to gauge the health of
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Coinbase Bitcoin Premium Index Hits Record Negative Streak Amid Market Uncertainty

Coinbase Bitcoin Premium Index Hits Record Negative Streak Amid Market Uncertainty

Coinbase Bitcoin Premium Index Hits Record Negative Streak Amid Market Uncertainty
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Bernstein Warns of Crypto Market Selloff if Clarity Act Fails

Bernstein Warns of Crypto Market Selloff if Clarity Act Fails

Bernstein Warns of Crypto Market Selloff if Clarity Act Fails
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CVS 2027 profit outlook overshadows strong quarter, shares fall

CVS 2027 profit outlook overshadows strong quarter, shares fall

By Amina Niasse and Christy Santhosh NEW YORK, Aug 5 (Reuters) - CVS Health raised its 2026 profit forecast to reflect a better-than-expected second quarter, but provided a tepid 2027 outlook that appeared to underwhelm investors, and shares fell nearly 6%.
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Stablecoin Market Faces Fragmentation as Tech Giants and Startups Compete

Stablecoin Market Faces Fragmentation as Tech Giants and Startups Compete

Stablecoin Market Faces Fragmentation as Tech Giants and Startups Compete
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Circle Internet Group Poised to Lead Stablecoin Market with USDC

Circle Internet Group Poised to Lead Stablecoin Market with USDC

Circle Internet Group Poised to Lead Stablecoin Market with USDC
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Stablecoin Supply Declines by $14 Billion Amid New U.S. Regulations

Stablecoin Supply Declines by $14 Billion Amid New U.S. Regulations

Stablecoin Supply Declines by $14 Billion Amid New U.S. Regulations