Thursday, 11 August 2022

Hope for smaller rate rises to lift Wall Street, oil gains

Hope for smaller rate rises to lift Wall Street, oil gains

Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.

Futures extend gains ahead of more data on inflation

U.S. stock index futures crawled higher on Thursday, adding to strong gains from the previous session on first signs of cooling inflation, with investors looking for more evidence from data on producer prices and the labor market.

AerCap revenue jumps as global travel recovery strengthens

A strengthening rebound in air travel "across all major regions" boosted second-quarter revenue at AerCap as the world's top aircraft lessor predicted that supply chain issues for planemakers would support leasing demand for years to come.

Haleon not a party to U.S. litigation focused on Zantac - spokesperson

Haleon - GSK's recently spun off consumer health unit - is not a party to U.S. litigation focused on the heartburn medicine Zantac, a spokesperson told Reuters on Thursday.

Dollar slides further after U.S. inflation surprise

The dollar lost further ground versus other major currencies on Thursday, after traders reined in bets on an aggressive interest rate hike by the Federal Reserve after softer-than-expected U.S. inflation data the previous day.

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Canada Goose revenue beats estimates as luxury demand defies inflation

Canada Goose Holdings Inc , on Thursday beat Wall Street estimates for quarterly revenue as affluent consumers undeterred by decades-high inflation snapped up its luxury parkas and jackets.

China's Didi EV joint venture with Li Auto applies for bankruptcy - court

Chinese ride-hailing firm Didi's joint venture with Li Auto has applied for bankruptcy, according to a court filing, pointing to the end of a four-year-old partnership to make electric vehicles (EV).

Walmart's long-lasting challenge: luring budget shoppers back to its stores

Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than driving farther to a Walmart Supercenter when gasoline was $5 a gallon.

Antitrust rules, Petro-Canada profits may hinder Suncor from selling unit

Suncor Energy could reap over $8 billion and boost returns to unhappy shareholders if it sells its Petro-Canada gas station business, but Canadian antitrust rules and the need for the unit's steady profits could deter that move, analysts and shareholders said.

Is Netflix envy over in Hollywood? Not quite

Over an earnings period that appeared to signal the end of Netflix envy, Walt Disney Co restored hopes that growth in the streaming business will continue.

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