 | | | | The European Commission gave Hungary a final month to address its concerns about the rule of law before asking European Union governments to suspend some of the funds Hungary is to get under the bloc's 2021-2027 budget. | | | | | | Verizon Communications Inc on Friday cut its annual profit forecast as the U.S. wireless carrier added fewer-than-expected monthly phone subscribers in the second quarter, a sign that red-hot inflation has begun impacting its business. | | | | | | Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution ahead of crucial central bank meetings in which rate hikes are expected to be announced. | | | | | | S&P 500 and Nasdaq futures fell on Friday, with social media firms and companies that sell online ads leading declines after Snap Inc missed quarterly revenue targets. | | | | | | Schlumberger NV on Friday raised its annual revenue forecast, buoyed by higher demand for its oilfield services from producers looking to raise output as oil prices surged. | | | | | | American Express Co raised its annual revenue forecast on Friday as consumers, undeterred by decades-high inflation and the threat of a recession, spend heavily on its cards for travel and entertainment. | | | | | | Hundreds of British Airways workers at London's Heathrow airport voted on Friday to call off strike action after accepting a pay offer, the GMB union said. | | | | | | Target Chief Executive Officer Brian Cornell pledged in a June blog post that the retailer would take necessary actions to adapt to a post-pandemic landscape, paring a record $15.1 billion in unsold merchandise. | | | | | | German online takeaway food company Delivery Hero on Friday forecast a smaller loss for the year as it shifts its focus more firmly to profitability in the improving competitive environment. | | | | | | The global economy looks increasingly likely to be heading into a serious slowdown, just as central banks aggressively reverse ultra-loose monetary policy adopted during the pandemic to support growth, data showed on Friday. | | | | | |
