US Services Industry Expands at a Steady Pace
The Institute for Supply Management's services index rose 0.1 point to 54.1, according to data released Wednesday. Michael McKee reports on "Bloomberg Open Interest."
The Institute for Supply Management's services index rose 0.1 point to 54.1, according to data released Wednesday. Michael McKee reports on "Bloomberg Open Interest."
Clear Channel Outdoor (NYSE:CCO) reported second-quarter revenue of $438.0 million, up 8.7%, as roadside and airport advertising sales increased.
CorVel Corporation (NASDAQ:CRVL) reported fiscal first-quarter revenue of $259.9 million, up 11%, alongside higher gross profit and earnings.
Elanco Animal Health (NYSE:ELAN) reported second-quarter revenue of $1.368 billion, up 10%, as Pet Health and Farm Animal sales increased.
Vishay Precision Group (NYSE:VPG) reported fiscal second-quarter revenue of $83.9 million, up 11.7%, while bookings reached $95.5 million.
Ken Griffin's flagship Citadel fund rose almost 6% in July after buying most of Situational Awareness's public stocks at a discount. Citadel is up almost 12% on the year. Fallout from the troubled artificial-intelligence Situational Awareness hedge fund is still rippling through markets. Bloomberg's Hema Parmar reports on "Bloomberg Open Interest." (Correction: This video has been updated with a graphic reflecting Citadel's performance)
LivaNova (NASDAQ:LIVN) reported second-quarter revenue of $390.6 million, up 10.8%, as Cardiopulmonary and Neuromodulation sales increased.
Walt Disney Co.'s fiscal third quarter profit beat Wall Street estimates as soaring income from its entertainment division and the resilience of its theme parks in California and Florida delivered a second straight quarter of better-than-expected profitability for Chief Executive Officer Josh D'Amaro. Geetha Ranganathan of Bloomberg Intelligence has more.
Taboola (NASDAQ:TBLA) reported second-quarter revenue of $476.8 million, up 2.4%, while ex-TAC gross profit increased 11.8% to $192.4 million.
The US Treasury retained its previous guidance for future debt issuance, signaling no change in note and bond auction sizes well into 2027. The quarterly refunding will raise about $28.7 billion in new cash. Auctions will be held on August 11, 12 and 13. Bloomberg's Michael McKee reports.
Thomson Reuters (NASDAQ:TRI) reported second-quarter revenue of $1.954 billion, up 9%, as its three largest segments delivered 10% organic growth.
Hagerty (NYSE:HGTY) reported second-quarter written premium of $425 million, up 19%, while reported revenue fell 6% to $355 million.