Walgreens (WBA) earnings Q2 2024
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street’s expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a […]
Home Depot acquiring SRS Distribution for $18.25 billion to grow pro sales
A Home Depot store in El Cerrito, California, Feb. 21, 2023. Justin Sullivan | Getty Images Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home […]
Baltimore bridge collapse could result in ‘one of the largest marine losses in history’: Lloyds of London CEO
John Neal said insurers will be liable to cover the costs of the crash that saw the Francis Scott Key Bridge collapse on Tuesday
Ford Mustang has opportunity as competitors abandon V8 engines
2024 Ford Mustang Source: Ford DETROIT — Ford Motor sees opportunity to grow Mustang sales as it becomes the last American muscle car with a traditional V8 engine, playing to generations of gearheads who’ve been drawn to the performance vehicles. The optimism comes after Mustang’s closest American competitors ended production of their muscle cars in […]
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.
BJ’s Wholesale, Costco and Sam’s rival, will open clubs in Southeast
A BJ’s Wholesale Club is shown in Falls Church, Virginia, May 23, 2023. Win Mcnamee | Getty Images BJ’s Wholesale Club said Wednesday that it will open four clubs in the Southeast and one in the Midwest this year, as it tries to expand and attract members in other parts of the country in a […]
China faces a ‘lost decade’ if it fails to tackle its debts, says Ray Dalio
Billionaire investor Ray Dalio sees China heading for a ’100-year big storm.’
Hyundai may add hybrid production to $7.6 billion Georgia plant
Hyundai CEO Jae Hoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto Show Michael Wayland | CNBC NEW YORK – Hyundai Motor is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia, an executive told CNBC on […]
Moderna moves three vaccines into final stage trials
Nikos Pekiaridis | Lightrocket | Getty Images Moderna has more to offer beyond its Covid vaccine. The biotech company Wednesday announced positive clinical trial data on three experimental vaccines against other viruses. The company is moving those shots to final stage studies, it said. The update brings Moderna a step closer to having multiple products […]
Treasury yields end at 2-week lows ahead of Friday’s inflation data
Yields on U.S. government debt finished slightly lower on Wednesday, with traders wary of taking bold positions ahead of Friday’s PCE inflation data.
