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Norwegian Cruise’s stock surges after a profit beat as demand remains ‘robust’

Norwegian Cruise Line’s stock rallied Wednesday after the cruise company reported second-quarter profit that beat expectations and raised its full-year outlook, citing continued “robust” market demand.

Delta says CrowdStrike outage will cost it about $500 million: report

Delta Air Line Chief Executive Ed Bastian told CNBC-TV on Wednesday that he expects the cost of information technology outages caused by CrowdStrike’s computer software glitch to be about $500 million.

Altria’s profit climbs, but adjusted profit falls short of estimates

A Jefferies analyst reiterates a ‘buy’ rating and says the tobacco giant’s share of non-smoking products is growing.

Mastercard’s stock gains as spending growth holds steady into July

Mastercard’s spending growth to start the current quarter has been stable, and that seemed welcome news to investors on Wednesday.

Nvidia’s stock set to climb as Microsoft says the magic words

Microsoft discussed plans to grow capital spending in the new fiscal year and indicated that its AI spending delivers returns. That’s welcome news for chip investors.

Boeing’s stock jumps after company names industry veteran Robert K. Ortberg CEO

News overshadowed the company’s weaker-than-expected quarterly earnings.

Yen surges to 150 per dollar after Bank of Japan hikes rates

Japanese currency hits four-month high after central bank tightens policy

Treasury says it won’t have to increase coupon auction sizes for ‘the next several quarters’

The U.S. Treasury will auction $125 billion in notes and bonds next week.

Kraft Heinz beat on profit, but sales fell shy as consumer remains ‘cautious’

Kraft Heinz’s stock gained ground in early Wednesday trading, after the food and beverage brands company beat profit expectations but missed on sales, citing a continued “cautious” consumer.

ADP says 122,000 jobs added in July. Smallest gain in six months points to weaker labor market.

U.S. businesses added just 122,000 new jobs in July, paycheck company ADP said, in another sign the labor market has cooled off and fewer people are being hired.

Marriott’s stock falls after it projects lower-than-expected Q3 profit

Hotel giant expects to report adjusted profit of $2.27 a share to $2.33 a share, below the analyst estimate of $2.38 a share.

Humana’s new CEO warns of ‘challenging’ environment, despite profit beat

CEO Jim Rechtin said Humana is “not realizing the full promise of the company” and that market conditions remained challenging due to an interest-rate environment “that has not kept pace with accelerated medical cost trends.”
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