Siemens raises profit guidance again as industrial demand ramps up

German engineering and technology company Siemens (SIEGn.DE) raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand.
CVS hedges on 2022 earnings growth target as COVID-19 uncertainty persists

CVS Health Corp (CVS.N) on Wednesday hedged a bit on its long-term target for double-digit earnings growth for next year, pointing to uncertainty around COVID-19 vaccination and testing demand, as well as medical costs, sending shares down 3%.
Fed says economic recovery remains on track despite COVID-19 surge

The U.S. economic recovery is still on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday in a new policy statement that remained upbeat and flagged ongoing talks around the eventual withdrawal of monetary policy support.
Visa gets vaccine boost as domestic spending back near pre-COVID levels

Visa Inc (V.N) beat estimates for quarterly profit on Tuesday, with domestic spending almost back to pre-pandemic levels and international travel on the road to recovery as rising vaccinations and reopening economies take effect.
JLR parent sees demand recovering, warns of short term impact of chip shortage

India’s Tata Motors Ltd (TAMO.NS) said on Monday it expects performance to improve from the second half of its current financial year, anticipating an easing of global supply constraints on rapid COVID-19 vaccinations.
United Airlines revenue tops estimates as travel rebounds, sees 3rd-quarter turning point

United Airlines (UAL.O) reported its sixth consecutive quarterly loss on Tuesday due to the coronavirus pandemic, though revenue quadrupled from a year ago and topped estimates with a strong domestic travel rebound.
World Bank trims East Asia, Pacific GDP forecast amid COVID-19 concerns

Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said on Thursday, as many countries in the region grapple with spikes in COVID-19 cases, new variantsand vaccine supply constraints.
BlackRock profit beats as assets grow to a record $9.5 trillion

BlackRock Inc (BLK.N), the world’s largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company’s funds, driving robust fee growth and boosting its assets under management to a record high.
U.S. producer prices post biggest annual gain in more than 10-1/2 years

U.S. producer prices accelerated in June, leading to the largest annual increase in more than 10-1/2 years, suggesting inflation could remain high as robust demand fueled by the economy’s recovery from the COVID-19 pandemic strains the supply chain.
U.S. consumer prices post largest gain in 13 years; inflation has likely peaked

U.S. consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum.