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Pfizer’s first-quarter results top estimates, while drugmaker boosts full-year profit outlook
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Sony shares jump after profit beats estimates, concerns about Paramount bid ease
Sony Group shares rose sharply after quarterly net profit beat analysts’ expectations and concerns eased about its bid for media and entertainment company Paramount Global.MarketWatch - Business -
Overdose deaths decreased for first time in 5 years, but still topped 100,000
Drug overdose deaths decreased slightly last year, falling for the first time since 2018, early data from the Centers for Disease Control and Prevention published Wednesday shows.NBC News - Top stories -
Allianz Backs Full-Year Guidance After Profit Jump
Allianz confirmed its 2024 operating profit target after growth across all of its segments over the first quarter boosted its net profit by 22%.The Wall Street Journal - World -
Amazon Gets New Cloud-Computing Boss as AI Battle Shakes Up Its Top Profit Engine
The chief executive of Amazon Web Services, Adam Selipsky, is stepping down and will be succeeded by Matt Garman, the company’s senior vice president of sales and marketing.The Wall Street Journal - World -
Amazon Gets New Cloud-Computing Boss as AI Battle Shakes Up Its Top Profit Engine
The chief executive of Amazon Web Services, Adam Selipsky, is stepping down and will be succeeded by Matt Garman, the company’s senior vice president of sales and marketing.The Wall Street Journal - Tech -
NFL's top 10 highest-paid QBs of 2024: Jared Goff No. 2 on list after deal; comparing records, playoff results
Are the best-compensated signal-callers really the best?CBS Sports - Sports - NFL -
Israel's Once-Dominant Drugmaker Is Revived by Innovation
Teva Pharmaceutical’s stock has nearly doubled in the past year as Wall Street gets excited about its branded portfolio.The Wall Street Journal - World - Israel -
Burberry warns of tough first-half trading as profits fall sharply
UK fashion group seeks to overhaul brand as wider luxury market suffers downturnFinancial Times - Business -
Baidu’s robotaxi unit expects to turn profitable next year
The projection comes as Elon Musk has emphasized his plans to build up Tesla's robotaxi efforts amid a decline in revenue.CNBC - Business -
MLB first-quarter grades: Orioles, Phillies, Cubs get 'A,' but Blue Jays, Cardinals fail as playoff hopefuls
Where do things stand for all 30 MLB teams as they reach the quarter-mark of the 2024 season?CBS Sports - Sports - MLB
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GameStop’s meme rally will likely be a series of ‘descending spikes,’ says market-cycles expert
“All of the GameStop rallies have been pretty spiky.”MarketWatch - Business -
Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
Standard credit card transactions remain elusive but more financial services firms are moving into the space.MarketWatch - Business -
Get ready for more S&P 500 highs, but bigger dips, says faithful S&P 500 bull
The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness.MarketWatch - Business -
Oil prices hover near 9-week lows as traders await CPI data
Oil futures edged lower Wednesday after ending the previous session at nine-week lows, with traders awaiting a key U.S. inflation reading and official storage data.MarketWatch - Business -
NYCB’s loan sale to JPM praised as ‘important first step’ in turnaround
NYCB’s stock rises 5% in premarket trades after announcing deal to sell loans to JPMorgan Chase.MarketWatch - Business