New York Times Reports Ad Rebound, Slowing Subscriber Growth

The company's results benefited from comparisons with 2020, an anomalous year in which advertisers slashed spending and news audiences soared.

 
Robinhood Stock Price Jumps as Options Trading Begins

The stock nearly doubled Wednesday morning and was halted several times.

 
Boeing Bounces Because the MAX Might Get Approved in China

Boeing stock earlier jumped on reports that the 737 MAX would be tested for recertification in China.

 
GM Posts $2.8 Billion Profit, Raises Full-Year View

General Motors raised its pretax profit outlook for the year to between $11.5 billion and $13.5 billion but said the lingering computer-chip shortage and rising commodity costs would weigh on second-half results.

 
Shale Profits Capped by Wrong-Way Bets as Oil Prices Rose

Oil companies collected billions of dollars in cash as oil prices surged in the second quarter. But the sum was limited by hedging contracts meant to protect drillers from another price crash.

 
Casino Owner Vici Properties to Buy MGM Growth Properties

Casino operator MGM Resorts International will get about $4.4 billion in cash as part of the deal between the two REITs.

 
CVS Stock Will Be Fine Once Vaccines Wear Off

Covid-19 vaccines boosted the chain's second quarter performance, but strong results from its Aetna unit suggest an extended run of good health is in store.

 
Royal Caribbean Earnings Reveal Larger Than Expected Loss

The cruise-line operator also said it expects a full-year loss.

 
Apollo Profit Climbs as Gains Outpace Broader Markets

The private-equity firm reported higher second-quarter profit as the value of its private-equity portfolio climbed faster than the broader market.

 
Kraft Heinz Earnings Top Expectations. Its Stock Is Dropping.

The food purveyor reported an adjusted profit of 78 cents a share, beating forecasts for 72 cents a share, on sales of $6.6 billion, topping expectations for $6.55 billion.

(END) Dow Jones Newswires

August 04, 2021 13:15 ET (17:15 GMT)

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