Cboe's profit beats estimate as investors drive up hedging activity

Cboe Global Markets reported a higher-than-expected second-quarter profit on Friday, helped by strong growth in options trading as geopolitical tensions and elevated interest rates prompted investors to actively hedge their exposure.

Sign up for Reuters newsletters Reuters Business Reuters Business

Cboe's profit beats estimate as investors drive up hedging activity  Cboe Global Markets reported a higher-than-expected second-quarter profit on Friday, helped by strong growth in options trading as geopolitical tensions and elevated interest rates prompted investors to actively hedge their exposure.

Exxon delivers $9.2 billion second-quarter profit, raises output target  Exxon Mobil on Friday posted a better than expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil firm Pioneer Natural Resources.

JPMorgan CEO Jamie Dimon opines on next US president without endorsing anyone  JPMorgan Chase CEO Jamie Dimon has outlined his wish list of leadership skills that the next U.S. president should possess, but stopped short of endorsing a candidate.

Morning Bid: Rethinking recession risks and AI, markets take fright  A look at the day ahead in U.S. and global markets from Mike Dolan

Chevron reports Q2 earnings miss on weak refining margins  Chevron reported second-quarter earnings on Friday that missed Wall Street estimates due to industry-wide pressure from lower refining margins and natural gas prices, sending its shares down 1.5% in premarket trading.

Intel set for biggest slide in 24 years as turnaround struggle deepens  Intel was set to erase nearly $25 billion in stock market value on Friday in potentially its worst selloff since 2000 after it suspended dividend and slashed workforce to fund a costly turnaround for its chip-making business.

Google-parent Alphabet cut stake in Crowdstrike before July global outage  Google-parent Alphabet cut its stake in cybersecurity company Crowdstrike , according to a regulatory filing on Friday, much before a global outage last month triggered by a software update.

UPS plan to sweeten holiday profits could turn off shippers  UPS, the world's biggest package delivery courier, is the first major industry player to announce this year's holiday surcharges, unveiling hefty hikes that analysts say could backfire.

Size of looming Fed rate cuts may hinge on job market  For financial markets, the key question hanging over the Federal Reserve's expected policy easing increasingly revolves around the size of interest rate cuts and less on their timing.

NHTSA launches engineering analysis into nearly 1 mln Stellantis' Dodge SUVs  The National Highway Traffic Safety Administration on Friday upgraded its investigation into nearly 1 million Stellantis' Dodge brand vehicles to an engineering analysis from a preliminary evaluation over faulty door locks and windows.

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