Pfizer tops earnings estimates as Covid product sales beat expectations and cost cuts pay off

Spotify swings to a profit as subscribers top estimates

The streaming service reported a double-digit rise in monthly active users.

MarketWatch - 1h

Pfizer tops earnings estimates as Covid product sales beat expectations and cost cuts pay off

The results cap off a critical year for Pfizer, which has been slashing costs as it recovers from the rapid decline of its Covid business and stock price.

CNBC - 1h

PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America

PepsiCo's earnings topped Wall Street's estimates, but the company's revenue missed expectations, as drink and snack demand fell in North America.

CNBC - 2h

What cutting USAID could cost America?

The Trump administration’s moves to dismantle USAID has stoked fears that America will lose its standing on the world stage as rival powers fill the void.

NBC News - 1h

Pfizer stock climbs on Q4 revenue and earnings beat, reaffirmed guidance

“We remain confident in our ability to return to pre-pandemic operating margins in the coming years,” said Pfizer CFO David Denton.

MarketWatch - 3h

Apple profits top estimates even as competition dents China iPhone sales

Silicon Valley group says there are signs rollout of AI features will boost handset demand

Financial Times - 4d

Apple reports sagging iPhone sales in China as first-quarter earnings barely beat Wall Street’s expectations

Investors pay close attention to tech company’s foray into AI after Apple Intelligence’s glitches and inaccuracies. Apple slightly beat analysts’ expectations in its first-quarter earnings for ...

The Guardian - 4d

Tesla earnings miss Wall Street expectations despite record sales

Tesla has been losing market share in several countries as growing competitors offer customers alternatives.

CBS News - 5d

IBM shares rise 9% on earnings beat

In a statement, IBM CEO Arvind Krishna said the company has recorded $5 billion in bookings for its generative AI business.

CNBC - 5d

Levi beats earnings estimates but expects pressure this year from strong U.S. dollar

Levi expects its sales to slow in the current fiscal year because of the strong U.S. dollar and one fewer selling week.

CNBC - 5d

Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter

Starbucks said its same-store sales fell 4%, fueled by a 6% decline in visits to its stores.

CNBC - 6d

GM stock falls even as company beats analyst expectations on earnings

While investors will be watching GM's quarterly results, they will also be focused on its guidance for 2025 and any changes under the Trump administration.

CNBC - 6d

Trump Tells Davos: Make Your Product in America---or Pay Tariffs

The U.S. president used the World Economic Forum to offer the global elite a warning: He intends to follow through on his “America First” campaign promises.

The Wall Street Journal - Jan. 23

What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More

President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.

The New York Times - Jan. 23

Procter & Gamble earnings beat estimates as shoppers buy more household staples

Procter & Gamble beat quarterly earnings and revenue estimates and also reiterated its fiscal 2025 forecast.

CNBC - Jan. 22

Stripe cuts 300 jobs in product, engineering and operations

Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.

CNBC - Jan. 21

Charles Schwab hints at stock buybacks after beating Wall Street estimates

Charles Schwab also beat Wall Street’s fourth-quarter earnings estimate and reversed a revenue decline from the year-ago quarter.

MarketWatch - Jan. 21

Indonesia eyes nickel production cuts to support price of ‘unloved’ metal

World’s biggest producer says it wants market stability after 40% fall in price over two years

Financial Times - Jan. 21

Cruz expects to see TikTok sale under Trump

Sen. Ted Cruz (R-Texas) said Monday that he expects to see TikTok sold under President-elect Trump, as the incoming president has vowed to protect the app. “Well, the statute allowed for a 90-day ...

The Hill - Jan. 20

Starbucks Expecting Job Cuts by March

Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.

The Wall Street Journal - Jan. 17

Citigroup Slashes Jobs as Cost-Cutting Continues

Targets include senior managers in the banking giant’s wealth, technology and data analysis units.

Inc. - Jan. 17

Saab Expects Sales Growth to Top Guidance

The company said it experienced a stronger-than-expected final quarter of the year, with global defence spending surging as nations support Ukraine while restocking their own arsenals.

The Wall Street Journal - Jan. 17

Swissquote Expects Results To Beat Views on Crypto Demand

The online bank said its results for 2024 should exceed market expectations as it was boosted by cryptocurrency trading.

The Wall Street Journal - Jan. 17

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

CNBC - Jan. 16

Tips for paying off debt

With nearly half of Americans carrying credit card balances month-to-month, CBS News business analyst Jill Schlesinger provides tips on how to pay down debt.

CBS News - Jan. 16

Bank of America tops estimates on better-than-expected investment banking, interest income

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

CNBC - Jan. 16

Morgan Stanley tops estimates on strong equities and fixed income trading revenue

The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.

CNBC - Jan. 16

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance

Financial Times - Jan. 16

BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.

BBC News - Jan. 16

Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.

CNBC - Jan. 15

Goldman Sachs shares rise after topping estimates on strong trading results

Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.

CNBC - Jan. 15

A global bond sell-off is deepening as investors pare Fed rate-cut expectations

A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs.

CNBC - Jan. 14

Estimated cost of Thames Water renationalisation questioned

Comparison with Bulb government loans gives exaggerated forecast, experts claim

Financial Times - Jan. 13

Delta outlook tops estimates as CEO expects 2025 to be airline's 'best financial year in our history'

Delta's CEO said strong travel demand is driving revenue higher.

CNBC - Jan. 10

Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs

Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.

CNBC - Jan. 10

Lands’ End winter sale: 13 best products to shop

Lands’ End is currently discounting apparel for men, women and children, including winter essentials like coats, pants, gloves and more.

NBC News - Jan. 9

Loss estimates, including health effects and rebuilding costs, surge.

As fires raged, the economic toll of the disaster climbed into the tens of billions of dollars, according to analyst estimates.

The New York Times - Jan. 9

Samsung Expects Further Profit Growth Slowdown, Missing Estimates

The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.

The Wall Street Journal - Jan. 7

Thousands expected to pay respects to Jimmy Carter in the Capitol

Despite winter weather delays, Jimmy Carter will be moved from his home state of Georgia to Washington D.C. where he will lie in state at the U.S. Capitol before his public funeral on Thursday. NBC ...

NBC News - Jan. 7

Lions earn top seed as Broncos & Bucs reach play-offs

Detroit earn the NFC top seed, while Tampa Bay and Denver secure the final two play-off spots on the final Sunday of the regular season.

BBC News - Jan. 6

Latest in Pfizer tops earnings estimates as Covid product sales beat expectations and cost cuts pay off

Topics