Mercedes-Benz Group (MBG) reported higher revenue and adjusted earnings before interest and taxes (EBIT) for the second quarter compared to last year, despite the effects of “semiconductor bottlenecks and supply-chain disruptions.” The supply disruptions led to a 7% drop in sales, Mercedes said, but revenue still rose 8% from a year ago, and adjusted EBIT spiked 20%. Better pricing and margins boosted both for Mercedes. The German automaker also upped its guidance for the year, now seeing… Source link

CHICAGO — Google will take over the Thompson Center in The Loop, officials announced Wednesday. The tech giant has agreed to buy all of the building for $105 million after it is renovated by other organizations. The Thompson Center will be “entirely redeveloped” into an office suite for Google’s workers as part of the deal, Gov. JB Pritzker said at a news conference. The sale will benefit the company, as well as Illinois taxpayers and Chicagoans, he said. “Google is one of… Source link

Donald Trump’s widely expected 2024 campaign — which he could formally announce as early as this year — appears likely to focus on upending Washington’s bureaucracy. The former president and his allies would put thousands of government employees in their sights who are traditionally insulated from politics. On Tuesday, during a summit in Washington, Trump and his top political allies sketched out an economic component of their attacks on bureaucracy, targeting an old GOP villain:… Source link

Democrats during the Joe Biden presidency have earned a reputation for big plans that go unfulfilled. Biden’s “build back better” legislation has withered to nothing. Efforts to address climate change, improve health care, expand the social-safety net and raise new revenue from businesses and the wealthy have flopped as Democrats failed to unify in support. Yet Americans still view the Democratic Party as the one more likely to have their backs. A new Yahoo Finance / Morning Consult… Source link

By summer end, Mr. Market could be back to taking souls. But a few more weeks, one top Wall Street strategist argues, conditions are in place for July’s rally to be extended, “We had expected ‘face-ripping’ rallies followed by ‘soul-crushing’ sell-offs,” Wells Fargo Head of Equity Strategy Chris Harvey wrote in a recent note to clients. “Those sell-offs may be delayed until late summer. With the 10-year U.S. Treasury now an unexpected 2.81% (we hear of massive short covering), and 1- year… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported profit of $112.7 million in its second quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share. The Russian search engine posted revenue of $2.3 billion in the period. … Source link

Google is rolling out a small but significant update to its Google Photos service that will make it easier to keep control of your storage. In this recent update, spotted by 9To5Google, Google has added extra information to each photo, allowing you to view its selected backup quality as well as the amount of your precious Google One storage quota it’s using. If you have received the update, and not everyone has, you can view the new information by going to the Google Photos web interface,… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported profit of $112.7 million in its second quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share. The Russian search engine posted revenue of $2.3 billion in the period. _____ This… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported profit of $112.7 million in its second quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share. The Russian search engine posted revenue of $2.3 billion in the period. _____ … Source link

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