Earnings Results Big Lots Stock Tumbles Toward 32 Year Low after Losses Nearly Double Forecasts Dividend Is Suspended
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Wrangler parent Kontoor’s stock jumps toward a 3-year high after earnings beat
Revenue fell for both Wrangler and Lee jeans brands, mostly because of retailers reducing inventory.MarketWatch - Business -
CVS’s stock suffers biggest drop in 15 years as Medicare Advantage issues weigh on results
Shares of CVS Health Corp. plunged Wednesday toward their biggest selloff in 15 years, after the pharmacy and healthcare-services company missed first-quarter earnings expectations as the Medicare Advantage business weighed heavily on results.MarketWatch - Business -
Luxury carmaker Aston Martin slumps 6% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.CNBC - Business -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Garmin’s stock soars toward best day in four years as fitness-tracker sales boom
Garmin Ltd.’s stock soared12% Wednesday to put it on track for its biggest one-day gain in more than four years, after the maker of navigation devices and fitness trackers swept past earnings estimates for the first quarter.MarketWatch - Business -
Qualcomm earnings benefited from AI-enabled devices, and there’s more potential ahead
This hasn’t been a pretty earnings season for prominent chip companies so far, but Qualcomm is breaking from the mold.MarketWatch - Business -
Regeneron’s stock dips after earnings fall short of estimates
Regeneron Pharmaceuticals’ stock fell 2.6% premarket Thursday, after the drug company’s first-quarter profit and revenue fell short of analyst estimates.MarketWatch - Business -
AMD’s mixed earnings reveal a company with a lot to prove — and the goods to do it
Why 2024 will be a year of sizeable growth for the chip maker.MarketWatch - Business -
Cannabis stocks pull back after rallying on DEA’s plans to reclassify marijuana
Canopy Growth Corp., Tilray Brands Inc. and Curaleaf Holdings Inc. were among cannabis stocks that were sliding into the red on Wednesday, a day after news of the federal government’s plans to reclassify marijuana.MarketWatch - Business -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Vinicius' double earns Real draw with Bayern
Vinicius Junior scores twice as Real Madrid come away with a draw in the first leg of their Champions League semi-final tie with Bayern Munich.BBC News - Top stories -
24 Dividend Aristocrats in the stock market with the fastest-growing payouts
A screen of companies that have consistently raised their dividends, but have also done so at annual paces exceeding 10% over the past five years.MarketWatch - Business -
Stocks pop after Fed decision, oil plunges, earnings mixed — what to watch in the market
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
'529' Plans Are Getting a Lot More Flexible---and Useful---This Year
Among other things, you can now roll over unused funds to Roth IRAs. But conditions apply.The Wall Street Journal - World -
Americans widely opposed to decision overturning Roe nearly 2 years later: Poll
Americans still widely oppose the Supreme Court decision overturning Roe v. Wade, which ruled women do not have a federal right to an abortion, according to a poll released Wednesday. In the CNN poll, conducted April 18-23, 65 percent of ...The Hill - Politics -
Suspected ISIS member lived freely in US for nearly two years after crossing border, officials say
U.S. officials say a 33-year-old suspected member of ISIS, Jovokhir Attoev, was arrested two weeks ago by federal Immigration and Customs Enforcement. They say the migrant crossed the U.S.-Mexico border early in 2022, but it took authorities ...NBC News - Top stories -
New York Community Bancorp’s stock jumps more than 30% after reporting narrower-than-expected loss
New CEO Joseph Otting sees a “path to profitability” in the next two years.MarketWatch - Business - New York -
Wayfair’s stock jumps after retailer narrows loss, says quarter ended ‘on an upswing’
For the first time since before the onset of the COVID-19 pandemic, Wayfair is “seeing suppliers introducing large groups of new products into their catalogs,” the company said.MarketWatch - Business -
Warner Bros. Discovery stock falls to all-time low
Shares in Warner Bros. Discovery plummeted to an all-time low Tuesday, as the company fights to retain broadcasting rights to the NBA and shore up Wall Street's confidence in its financial future. The company's stock was trading at less than $8 ...The Hill - Politics -
Cardinal Health’s stock falls on mixed quarterly results
Cardinal Health’s shares fell premarket Thursday after the company reported mixed quarterly results but raised its full-year profit outlook.MarketWatch - Business -
Kevlar, Tyvek parent DuPont’s stock surges after big profit beat, raised outlook
CEO Ed Breen says results confirm that electronics business is now past the bottom, and “on road to recovery.”MarketWatch - Business -
UK set to lag behind peers on growth and suffer ‘sticky’ inflation, says OECD
Forecaster delivers downbeat outlook ahead of local elections in EnglandFinancial Times - Business - United Kingdom -
Novo Nordisk cuts price of weight loss drug Wegovy as competition heats up
Danish group beats expectations with first-quarter sales up 24% and raises annual forecast on high demandFinancial Times - Business -
The Beijing auto show and Apple in China
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial TimesFinancial Times - World - China -
£150mn of NHS England dental budget unspent amid recruitment crisis
Dentists says ‘punitive targets’ under NHS contract system are stifling delivery across the countryFinancial Times - World