Chinese EV battery maker CATL posts 13.4% jump in second-quarter profit

Chinese electric vehicle battery giant CATL's second-quarter net profit jumped 13.4% year on year, a stock market filing showed on Friday, extending gains for a second straight quarter.

Sign up for Reuters newsletters Reuters Business Reuters Business

Chinese EV battery maker CATL posts 13.4% jump in second-quarter profit  Chinese electric vehicle battery giant CATL's second-quarter net profit jumped 13.4% year on year, a stock market filing showed on Friday, extending gains for a second straight quarter.

Treasury likely to keep most auction sizes steady for now  The U.S. Treasury Department is likely to announce next week that it will keep most of its coupon-bearing U.S. Treasury auction sizes steady over the coming quarter, offering the market some relief after recent large increases.

Barry Diller says Paramount pursuit 'might be over' for IAC, CNBC reports  Billionaire Barry Diller signaled his digital-media conglomerate IAC was no longer in the race to buy Paramount Global , CNBC reported on Friday.

Insurer Mapfre buoyed by US recovery and fewer natural disasters  Spanish insurer Mapfre said on Friday its first-half net profit jumped thanks to fewer and more benign natural disasters and a turnaround in its car insurance business in the United States.

Walmart looks to bet $200 mln on autonomous forklifts -sources  Walmart has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse operations, according to three people familiar with the matter.

Deckers Outdoor shares surge as full-price sales of Hoka, UGG footwear help raise FY profit forecast  Deckers Outdoor shares jumped 11% to $932 before the bell on Friday after the sportswear company raised its annual profit forecast, betting on full-price sales of its hot-selling Hoka running shoes and UGG boots.

Bristol Myers second-quarter results beat expectations, helped by new drugs  Drugmaker Bristol Myers Squibb posted better-than-expected second-quarter results, driven by growth from new products like anemia treatment Reblozyl and heart drug Camzyos as well as from its top-seller, blood thinner Eliquis.

Insurance broker Aon quarterly profit rises on gains in investment income  Aon reported a rise in its second-quarter adjusted profit on Friday, helped by gains in interest earned from investments as well as growth in its commercial risk solutions business.

3M raises annual profit forecast on cost cuts, demand recovery  Industrial conglomerate 3M raised the lower end of its annual adjusted profit forecast on Friday, looking to benefit from its restructuring measures and increasing demand for electronics, sending its shares up more than 7% before the bell.

TSX futures gain; US inflation data in focus  Futures linked to Canada's main stock index regained some ground on Friday as investors awaited a crucial inflation reading from the United States to gauge the timing of the first interest-rate cut by the Federal Reserve.

Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters.com Reuters Business is sent every weekday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. Reuters Terms & Conditions and Privacy Statement

© 2024 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036