Today: September 20, 2024
Today: September 20, 2024

Stocks

Business|Economy|Technology

Google parent Alphabet reclaims spot in $2 trillion valuation club

Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70

Google parent Alphabet reclaims spot in $2 trillion valuation club
Business|Economy|News

S&P 500 Q1 earnings estimated growth improves; stocks up for week

U.S. first-quarter estimated earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost

S&P 500 Q1 earnings estimated growth improves; stocks up for week
Business|News

Marathon Petroleum beats Q1 profit estimates on elevated fuel demand, tight supplies

Top U.S. refiner Marathon Petroleum beat first-quarter profit estimates on Tuesday, as demand for refined products remained at high levels and global fuel supplies

Marathon Petroleum beats Q1 profit estimates on elevated fuel demand, tight supplies
Business|Economy|News

Clorox lifts annual profit forecast on pricing benefits

Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs.

Clorox lifts annual profit forecast on pricing benefits
Business|Economy|News

Trump social media firm's rising shares pressure short-sellers, S3 says

Short-sellers in Trump Media & Technology Group are feeling the heat from the recent rally in the company's stock and the higher cost of borrowing its shares,

Trump social media firm's rising shares pressure short-sellers, S3 says
Business|Economy|Technology|World

Bottler Coca-Cola HBC beats revenue estimate on strong demand

Bottler Coca-Cola HBC beat market forecast for first-quarter revenue on Tuesday, and reiterated its operating profit would rise this year, supported by strong demand for its coffee, energy

Bottler Coca-Cola HBC beats revenue estimate on strong demand
Business|News

FTSE 100 extends record streak on company news

Britain's FTSE 100 extended its record rally for the fifth straight session on Monday, helped by positive corporate updates, while a

FTSE 100 extends record streak on company news
Business|Economy|News

Agrochemicals company Syngenta posts big drop in Q1 sales, earnings

Seeds and pesticides maker Syngenta suffered big drops in first quarter sales and profit, the company said on Monday, just a few weeks after the Swiss company shelved its plans for a

Agrochemicals company Syngenta posts big drop in Q1 sales, earnings
Economy|News

Sri Lankan shares end higher as financials, industrials gain

Sri Lankan shares closed higher on Thursday, driven by gains in financial and industrial stocks.

Sri Lankan shares end higher as financials, industrials gain
Business|Economy

Kering shares slump after luxury company warns of H1 operating profit drop

Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

Kering shares slump after luxury company warns of H1 operating profit drop
Business|Economy

Baker Hughes beats profit estimates on international demand, raises dividend

Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter profit on higher international drilling demand and increased its dividend.

Baker Hughes beats profit estimates on international demand, raises dividend
Business|Economy|News|World

Morning Bid: Tanking Tesla reports, Europe business beats

A look at the day ahead in U.S. and global markets from Mike Dolan World markets have cheered up a bit this week, but ailing Tesla's tanking stock price faces a critical earnings test later on Tuesday

Morning Bid: Tanking Tesla reports, Europe business beats
Business|Economy

Etsy misses first-quarter sales, profit estimates on lower discretionary demand

Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its

Etsy misses first-quarter sales, profit estimates on lower discretionary demand
Business|Economy|Technology

Cognizant first-quarter revenue beats estimates on steady spending by clients

Cognizant Technology Solutions beat Wall Street estimates for first-quarter revenue on Wednesday, helped by steady spending by clients, sending its shares up more than 4% in aftermarket

Cognizant first-quarter revenue beats estimates on steady spending by clients
Business|Health

CVS cuts annual profit forecast and flags challenges in 2025, shares fall 18%

CVS Health Corp slashed its annual profit forecast on Wednesday and flagged challenges for next year's health insurance plans for older adults, and its

CVS cuts annual profit forecast and flags challenges in 2025, shares fall 18%
Business|Economy

Marriott boosts full-year profit view after mixed Q1 results

Hotel operator Marriott International raised its forecast for annual adjusted profit on Wednesday after mixed first-quarter results, banking on

Marriott boosts full-year profit view after mixed Q1 results
Business|Economy|Food

Starbucks shares hit two-year low as China, US demand clouds outlook

Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-

Starbucks shares hit two-year low as China, US demand clouds outlook
Business|Economy|Health

Pfizer lifts profit forecast as CEO sees reason for optimism in 2024

Pfizer lifted its annual earnings forecast on Wednesday and reported a first-quarter profit above Wall Street estimates, boosted by cost cutting

Pfizer lifts profit forecast as CEO sees reason for optimism in 2024
Business|Economy

NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says

Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected

NYCB short sellers stare at $42 million in losses after post-earnings rally, Ortex says
Business|Economy|Health

Sensodyne-maker Haleon posts tepid sales as demand for some products cool off

Consumer healthcare company Haleon reported first-quarter revenue slightly below market estimates on Wednesday, as volumes declined due to retailer destocking in U.S. and cooling demand for

Sensodyne-maker Haleon posts tepid sales as demand for some products cool off
Business|Economy|Travel

Booking tops Q1 profit estimates on robust international travel demand

Booking Holdings beat Wall Street estimates for first-quarter profit on Thursday, as strong demand for international travel offset moderating leisure travel demand in the U.S.

Booking tops Q1 profit estimates on robust international travel demand
Business|Economy|News

Stocks jump after Fed, US data; yen strengthens

A gauge of global stocks climbed on Thursday after the Federal Reserve indicated it was leaning toward a dovish stance, while the dollar retreated against the

Stocks jump after Fed, US data; yen strengthens
Business|Economy

Pop-Tarts maker Kellanova tops estimates on steady demand, higher prices

Pop-Tarts maker Kellanova on Thursday beat Wall Street estimates for first-quarter sales and profit on higher prices and firm demand for its breakfast cereals and ready

Pop-Tarts maker Kellanova tops estimates on steady demand, higher prices
Business|Economy

Moody's tops quarterly profit estimates on strong product demand

Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.

Moody's tops quarterly profit estimates on strong product demand
Business|Economy|News

Stock market today: Wall Street rallies after hiring shows welcome signs of cooling

Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month

Stock market today: Wall Street rallies after hiring shows welcome signs of cooling

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