AI cancer screening is booming, most not covered by insurance
Artificial intelligence for cancer screening has taken off. Yet most of those new programs aren’t covered by Medicare or private insurers, which creates headwinds for companies looking to boost adoption and for patients who could benefit from the new technology. “Traditionally, for medical devices it takes up to seven years after a product that’s […]
Why UiPath shares are cratering toward their worst day on record
The automation-software company’s earnings packed a triple whammy of customer pressures, leadership shakeup and sales tweaks.
Abercrombie & Fitch (ANF) earnings Q1 2024
Abercrombie & Fitch reported its strongest first quarter in its history on Wednesday, continuing a winning streak that again exceeded expectations. The retailer’s sales jumped 22% compared with last year, while profits were nearly seven times higher and came in well ahead of Wall Street’s estimates. Abercrombie’s shares closed more than 24% higher Wednesday. Here’s […]
Credit Suisse’s last CEO to leave UBS, which also shakes up wealth management unit
UBS Group said it would reshuffle its executive board, splitting leadership of its key wealth-management division in two and bidding farewell to the last chief of Credit Suisse, the troubled banking rival it took over last year.
Dick’s Sporting Goods (DKS) earnings Q1 2024
A shopping cart sits in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, leading the retailer to raise its full-year earnings guidance. The […]
HP reduces rate of sales declines while looking ahead to AI PC boom
HP’s CEO says artificial-intelligence PCs could make up 10% of shipments in the second half of the fiscal year.
Nelson Peltz sells Disney stake
Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share. The exit comes weeks after […]
American Eagle (AEO) earnings Q1 2024
American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. Nevertheless, revenue gained 6% year over year and marked a record for the first quarter, the company said in a news […]
Frank inflation: Americans are now prepared to spend nearly $6 for a hot dog
The summertime classic has climbed in price by 7.1% during the past year, according to the latest government figures
American Airlines cuts growth after sales strategy backfires
An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024. Charly Triballeau | AFP | Getty Images American Airlines will slash its capacity growth in the second half of the year and consider […]
