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Visa’s stock gains after earnings, as one simple message resonates
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Hershey’s beats on earnings as Reese’s Caramel, Dot’s Pretzels boost sales
“We are off to a strong start and remain on track to deliver our business strategies and financial commitments for the year,” the company’s CEO said Friday.MarketWatch - Business -
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback
Apple shares popped on Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.CNBC - Business - Apple -
Why Coinbase’s stock is shrugging off a monster earnings beat
Analysts saw a few reasons to quibble, including a potential slowdown this quarter.MarketWatch - Business -
Jobs Data, Tech Stocks Power Indexes to Weekly Gains
Renewed hope for interest-rate cuts fueled a rally, though shares of some companies like TD Bank fell.The Wall Street Journal - World -
Daimler Truck Targets Unchanged After Earnings Beat
Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing.The Wall Street Journal - World -
Amgen’s obesity drug puts stock on pace for best day since 2009 as analysts predict big gains to come
One analyst says Amgen’s stock is in the ”early innings of a large move,” fueled by an experimental obesity drug.MarketWatch - Business -
S&P 500 Notches a Weekly Gain After Jobs Report
Stocks finished out the week on a strong note after a Goldilocks jobs report boosted hopes for a late-summer rate cut.The Wall Street Journal - World -
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.
Tech shares led U.S. stock indexes higher ahead of a jobs report for April, with the S&P 500 and Dow both rising 0.9% and the Nasdaq gaining 1.5%.The Wall Street Journal - World -
FuboTV’s stock dives as excessively high licensing costs led to loss of content
FuboTV’s took a dive Friday, after the sports-first TV-streaming company reported a first-quarter loss that was only half what was expected, but said monopolistic, extremely high content costs led to the loss of some programming.MarketWatch - Business -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea
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Vistra Corp. to join S&P 500 index, replacing Pioneer Natural Resources
The electric utility company replaces Pioneer Natural Resources Co. after the latter’s acquisition by Exxon Mobil Corp.MarketWatch - Business -
Whirlpool says it’s planning additional layoffs under restructuring plan
Whirlpool Corp. said Friday that it plans additional layoffs to the 1,000 it announced as part of a global restructuring plan in late April.MarketWatch - Business -
Boeing’s Starliner set for historic launch that will take two NASA astronauts into space
Boeing Co.’s Starliner spacecraft is set to make its first crewed flight to the International Space Station on Monday, carrying two NASA astronauts to the orbiting space lab.MarketWatch - Business - NASA -
Luminar’s stock falls as lidar maker plans to lay off 20% of workforce as part of restructuring plan
Shares of Luminar Technologies Inc. dropped more than 9% in extended trading Friday after the maker of lidar and other sensors for self-driving vehicles said it was cutting its workforce by 20% as part of a restructuring plan.MarketWatch - Business -
$7,500 for tequila? The Cinco de Mayo staple has become a super-premium spirit.
“As more consumers make tequila their spirit of choice, we’ve seen them gravitate towards high-quality, premium tequilas,” Patrón executive says.MarketWatch - Business