Merck (MRK) Q4 earnings report 2023
The logo for Merck & Co. is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. Andrew Kelly | Reuters Merck on Thursday reported fourth-quarter revenue and adjusted earnings that topped estimates as it saw strong demand for its blockbuster cancer drug Keytruda […]
Ferrari (RACE) Q4 2023 earnings
Car key for the Ferrari Purosangue SUV. Adam Jeffery | CNBC Luxury sports car manufacturer Ferrari topped Wall Street’s top- and bottom-line earnings expectations for the fourth quarter to finish off a record year of profits. The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, […]
Oil ends near two-week low on reported progress toward Israel-Hamas cease-fire deal
Oil futures fell Thursday, with U.S. and global benchmark prices settling at their lowest in almost two weeks. Tensions in the Middle East appeared to ease somewhat, with news reports that some progress is being made toward a cease-fire agreement between Israel and Hamas. Price moves West Texas Intermediate crude for March delivery CL00, -2.40% […]
(AS) starts trading on the NYSE
Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Jeenah Moon | Bloomberg | Getty Images Amer Sports, the Finnish athletic company behind the Wilson tennis racket and Arc’teryx, is set to start trading on the New York Stock Exchange on Thursday after raising about $1.37 […]
Treasury yields fall after weekly jobless claims data
Treasury yields broadly dropped Thursday morning after U.S. data showed some signs of possible softening in the labor market and as traders considered the possibility of a policy mistake by the Federal Reserve. Read: Markets anticipate threat of Fed ‘policy mistake’ after Powell pushes back on March rate cut What’s happening The yield on the […]
Peloton (PTON) earnings Q2 2024
Peloton managed to turn a gross profit off of its pricey connected fitness products for a second quarter in a row, but the company said Thursday it expects more challenges ahead after it failed to reach a number of goals CEO Barry McCarthy outlined a year ago. The retailer delivered mixed results for its holiday […]
Shell hikes dividend as gas trading business boosts bottom line
Shell on Thursday hiked its dividend and vowed to buy back another $3.5 billion worth of its own shares after the company posted a less-than-expected drop in its adjusted earnings, in the face of falling commodity prices worldwide. The Anglo-Dutch oil major saw its bottom line buoyed by a bumper performance in its natural gas […]
Walmart plans to add more than 150 large-format stores in U.S.
Walmart Inc. President and CEO Doug McMillon delivers a keynote address during CES 2024 at The Venetian Resort Las Vegas on January 9, 2024 in Las Vegas, Nevada. Ethan Miller | Getty Images Walmart already has a huge U.S. footprint. But the retail giant sees room to get even bigger. The company plans to build […]
Adidas will not write off remaining Yeezy inventory
Shoes are offered for sale at an Adidas store in Chicago on Feb. 10, 2023. Scott Olson | Getty Images Adidas announced on Wednesday that it won’t write off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes “at least” at the cost it paid for them, as the […]
California counties sue Tesla for allegedly mishandling hazardous waste
A new lawsuit accuses Tesla Inc. of repeatedly mishandling hazardous waste at its facilities in California. In a lawsuit filed Tuesday in San Joaquin County (Calif.) Superior Court, the district attorneys of 25 California counties — including Los Angeles, San Francisco and Alameda, which is home to Tesla’s Fremont manufacturing factory — accused the electric-vehicle […]
