Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Suncorp Cuts 2026 Premium Growth Forecast as Australia, New Zealand Markets Weaken 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
Ford Motor Co. posted a surprise second-quarter profit of $561 million mainly because of better-than-expected factory production despite a global shortage of computer chips.
The high sales prices for its pickup trucks and SUVs also helped.
The Dearborn, Michigan, company warned earlier in the year about the effects of a global chip shortage exacerbated by a fire at the Japanese supplier of automotive-grade chips, Renesas.
In April, Ford predicted that the chip shortage would cut its second-quarter global production by 50 percent, or by 1.1 million vehicles, causing a quarterly loss.
The company earned 13 cents per share excluding one-time items, far better than Wall Street expectations of a 3-cent-per-share loss.
The carmaker also posted revenue of $26.8 billion, way above analysts' forecasts of over $23 billion.
Ford raised its full-year pretax income guidance by $3.5 billion to around $10 billion.
However, it noted that higher commodity prices and capital investments would offset sales volume expected to rise by about 30 percent in the second half over the first half of this year.
With orders up for its Mustang Mach-E SUV and the new Bronco SUV, Ford is poised for a rebound when chip supplies stabilize, says its CEO Jim Farley.
Ford's average US vehicle sales price, led by the F-Series pickup, jumped 6.3 percent to $47,961 for the quarter.
The US remains Ford's most profitable market, with sales rising nearly 10 percent on-year even after losing over a quarter of its market share, which fell to 10.6 percent.
