Business

British energy major Shell on Thursday reported stronger-than-expected second-quarter profit, benefitting from the jump in oil and gas prices amid the sprawling Middle East conflict. The oil giant posted adjusted earnings of $9.84 billion for the April to June period, comfortably beating analyst expectations of $8.79 billion, according to an LSEG-compiled consensus. A separate, company-provided…

Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee, as the Federal Reserve holds interest rates steady, at the Federal Reserve, in Washington, July 29, 2026. Evelyn Hockstein | Reuters The Federal Reserve on Wednesday followed through on expectations for no interest rate change, and…

Crude oil prices rose sharply Wednesday, after President Donald Trump said the U.S. will hit Iran hard in retaliation for an attempted surprise attack on American forces in the Middle East. Brent crude futures, the international benchmark, gained about 6.5% to $89.52 a barrel. U.S. West Texas Intermediate futures advanced about 6.3% to $84.26. Trump told Fox…

The logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026. Jung Yeon-je | Afp | Getty Images SK Hynix shares nosedived on Wednesday as exponential second-quarter earnings and revenue growth still failed to satisfy analysts’ supercharged expectations for an artificial-intelligence darling. Here…

A semiconductor wafer is on display at Touch Taiwan, an annual display exhibition in Taipei, Taiwan April 16, 2025. Ann Wang | Reuters Asian technology stocks extended their sell-off on Wednesday, with semiconductor names leading declines after another weak session in the U.S. In South Korea, SK Hynix slid more than 15% after the chip…

Ford at the New York International Auto Show in New York City on April 2, 2026. Danielle DeVries | CNBC DETROIT — Ford Motor raised its 2026 earnings forecast Tuesday after beating Wall Street’s second-quarter earnings expectations despite reporting a decline in revenue that slightly missed estimates. Ford shares rose nearly 7% in after-hours trading…

U.S. President Donald Trump returns from a trip to Michigan on July 27, 2026 at Joint Base Andrews, Maryland. Andrew Harnik | Getty Images News | Getty Images Ukrainian President Volodymyr Zelenskyy is expected at the White House on Tuesday for talks with U.S. President Donald Trump, as he looks to shore up support for…

SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Tuesday, June 30, 2026. SeongJoon Cho | Bloomberg | Getty Images Semiconductor shares tumbled Tuesday in Asia, extending a rout in chipmakers after another weak session on Wall Street. SK Hynix plunged more than 13%, while Samsung Electronics fell over 12%. Other…

The cyclospora outbreak that has sickened thousands in the U.S. is drawing renewed attention to a decades-long shift in how fresh food moves through the country. While investigators work to identify the original source of contamination, some food safety experts say the industry’s centralized sourcing and distribution networks after a wave of consolidation can help…

COTIGNAC, FRANCE – JULY 21: Bystanders watch the smoke and flames from a wildfire on July 21, 2026 in Cotignac, France. Over 1,000 firefighters were called in to control the fast-moving wildfire that has burned more than 2,500 hectares in southern France. (Photo by FBM Media/Getty Images) Fbm Media | Getty Images News | Getty…