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Chrysler parent Stellantis weighs price cuts as profit dives

Stellantis posted a steep first-half drop in earnings that fell below forecasts as more cars sat at dealerships in the U.S., prompting the company to consider price cuts and reduce production.

Durable-goods orders fall sharply in June after four straight gains

Orders down 6.6%, excluding volatile transportation up 0.5%

Japanese yen surges to fresh two-month high as carry-trade confidence crumbles

The Japanese yen early Thursday strengthened more than 1% to below 152 per U.S. dollar for the first time since early May.

Hasbro profit beats Wall Street estimate as digital gaming business grows

Hasbro’s second-quarter adjusted profit of $1.22 a share was well above the FactSet consensus estimate of 78 cents a share.

ServiceNow’s stock heads for best day since 2022 upon ‘unique’ AI traction

ServiceNow has a “solidifying position as one of the few true AI beneficiaries in software,” an analyst says.

NYCB stock drops on steeper-than-expected losses on office and multi-family loans

New York Community Bancorp’s stock fell 6% in premarket trading after the lender reported a second-quarter loss and larger-than-expected charge-offs mostly on office and multi-family property loans that it doesn’t expect to be paid back.

Dow’s stock dives as a weak economic recovery leads to rare earnings miss

Shares of Dow Inc. dove toward an eight-month low Thursday, after the materials-science company missed on second-quarter earnings, citing continued weakness in the economy.

AbbVie’s quarterly results top estimates as newer drugs cushion Humira’s slide

AbbVie on Thursday reported second-quarter sales and profit that beat expectations as newer immunology drugs delivered the rapid growth needed to offset plunging sales of blockbuster Humira.

Southwest Airlines to move ahead with assigned seating and premium seating options

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Here’s the one factor that can douse the benefits of stock buybacks, according to Morgan Stanley

A Morgan Stanley fund crunched the numbers on companies that do buybacks while awarding employees stock

Oil prices fall after another China rate cut underlines demand worries

Oil futures fell early Thursday after China’s central bank delivered another cut to rates, underlining worries about demand from the world’s second largest crude consumer.

Nestle and Unilever see share prices diverge on rival price hiking strategies

Nestle hiked its prices at a faster rate than its rival Unilever in a strategy that saw the Swiss firm’s revenue drop as its British competitor posted an increase in its sales over the same period
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