BUSINESS

Walmart Inc nudged up its annual profit forecast on Tuesday, partly reversing a hefty cut less than a month ago, as discounts to clear excess merchandise and lower fuel prices helped it beat expectations for quarterly sales.

U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the housing market could contract further in the third quarter.

Swiss dental implants maker Straumann maintained its moderate 2022 outlook on Tuesday despite strong first-half sales driven by high demand, sending its shares tumbling as much as 10% in afternoon trading.

US industrial output jumps in July on solid manufacturing gain

The Dow inched higher on Tuesday as results from Walmart and Home Depot lifted the retail sector, while a slide in megacap growth stocks and signs of a slowing global economy weighed on the Nasdaq and the S&P 500.

A sharp rebound in Israel's economic activity and a jump in annual inflation have made a 0.75-point interest rate increase more likely next week, analysts said on Tuesday.

Elliott Management, the hedge fund that pushed for big changes at Twitter two years ago, exited the stock during the second quarter, soon after Elon Musk announced plans to buy the social media company, a regulatory filing shows.

It looks like Ethereum mega-upgrade is happening. Finally.

Dutch health technology company Philips on Tuesday unexpectedly announced the imminent departure of CEO Frans van Houten.

Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year.

The European Union is working to boost its presence in the Pacific through economic ties and new security commitments as geostrategic competition in the region intensifies.

The safe-haven U.S. dollar hovered near a one-week high on Tuesday while the Aussie, euro and Chinese yuan remained under pressure as weak global economic data reignited recession fears.

A federal judge in California has signed off on Apple Inc.'s $30.5 million settlement in a nearly decade-old lawsuit claiming the company shortchanged 15,000 retail workers by not paying them for time spent in security checks after their shifts.

Blockchain at heart is a ledger, a way of storing transactions that is -- according to fans -- secure, transparent and permanent.

The Bank of England will deliver another bumper 50 basis points (bps) increase to borrowing costs next month but then slow the pace to a more regular 25 basis point rise in November before pausing, a Reuters poll forecast.

America's tech giants are taking a modern-day crash course in India's ancient caste system, with Apple emerging as an early leader in policies to rid Silicon Valley of a rigid hierarchy that's segregated Indians for generations.

Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis pushes growing numbers of Britons to part with their pets.

Britain's main opposition Labour Party will call for the energy price cap to be frozen this autumn, a party source said, to help the public deal with another expected surge in energy bills during the worst cost-of-living crisis in decades.

Futures for Canada's main stock index inched higher on Friday as the country's two main telecoms firms made headway with their merger deal, but sentiment was expected to be downbeat on worries over "soft landing" challenges for the economy.

European shares rose on Friday after GSK led a rebound in healthcare stocks, while Flutter fuelled a rally in the travel and leisure sector after an upbeat earnings forecast.

India's consumer inflation dipped to 6.71% in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central bank may rein in the pace of its policy rate hikes next month.

Britain's economy shrank in the second quarter, official data showed Friday.

Britain's economy contracted by less than feared in June, when public holidays had been expected to exert a big drag.

Some stock market bulls are watching a technical indicator for clues on whether a summer rebound in U.S. equities will roll on.

Oil prices fell on Friday as recession fears clouded the demand outlook yet remained on track for a weekly rise.

British betting group Entain said it would buy Croatia's SuperSport Group for 600 million pounds ($731 million) in cash on Thursday after the owner of Ladbrokes, Coral and Bwin reported a 20% increase in half-year profit.

Rivian blamed its losses on investments in people and technology, along with auto production lines capable of cranking out lots of cars running at low capacity.

John Mack's immersive art exhibition and awareness-raising forum A Species Between Worlds: Our Nature, Our Screens will run for the whole of September in NYC.

Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher.