Earnings Results Crowdstrike Stock Drops
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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 -
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 -
Moderna’s stock surges after better-than-expected quarterly results
Moderna’s stock jumped on Thursday as the company reported a narrower-than-expected first-quarter loss and looks to launch its second product in the U.S. later this year.MarketWatch - Business -
Informatica logs earnings beat, following acquisition flirtation with Salesforce
Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.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 -
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 -
Taco Bell parent Yum Brands’ stock slides on first-quarter earnings and revenue miss
Yum Brands’ CEO David Gibbs described “a difficult operating environment” during the first quarter.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 -
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 -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.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 -
Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.CNBC - Business - Covid -
DBS Earnings Beat Expectations
Singapore’s biggest bank by assets said its first-quarter net profit rose on higher fee and commission income, and expects to deliver strong shareholder returns this yearThe Wall Street Journal - World -
China Vanke Shares Slump After Soft Results
The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.The Wall Street Journal - Business - China -
Sunak’s political fate hangs on results of local elections
Conservative MPs await voters’ verdict in more than 2,600 council seats and 11 mayoralties in England and WalesFinancial Times - Business -
Sunak’s political fate hangs on results of local elections
Conservative MPs await voters’ verdict in more than 2,600 council seats and 11 mayoralties in England and WalesFinancial Times - World -
Microsoft Earnings Jump on AI Demand
Microsoft’s revenue and profit rose last quarter as artificial intelligence bolstered demand for its software and cloud services.The Wall Street Journal - Tech - Microsoft -
ArcelorMittal Cautious Despite Earnings Beat
ArcelorMittal reported better-than-expected earnings for the first quarter after volumes and prices improved, but cautioned that economic sentiment remained subdued with no signs customers were restocking on inventories.The Wall Street Journal - World -
ArcelorMittal Cautious Despite Earnings Beat
ArcelorMittal reported better-than-expected earnings for the first quarter after volumes and prices improved, but cautioned that economic sentiment remained subdued with no signs customers were restocking on inventories.The Wall Street Journal - Business -
Will Tories dump Rishi Sunak if election results worse than expected?
There are few policy reasons to change leader, so lack of campaigning nous of PM who ‘can’t do human’ may be only argument. With just two days to go before a knife-edge election in Rishi Sunak’s own back yard, it was the shadow chancellor, Rachel ...The Guardian - World -
Trump again won't commit to accepting the presidential election results
Former President Donald Trump wouldn’t commit to accepting the 2024 presidential election results — echoing comments he made during the 2020 election campaign.NBC News - Top stories - Donald Trump -
Trump says he'd accept Wisconsin results 'if everything's honest'
Former President Trump declined to commit to accepting Wisconsin's November election results in an interview Wednesday, the latest instance of Trump hedging over whether he will contest the results of the election. "If everything's honest, I'd ...The Hill - Politics - Donald Trump -
AISAP announces $13M seed for AI-powered ultrasounds that offer results in minutes
The machine learning underpinning POCAD was trained on 24 million video clips from more than 300,000 studies.VentureBeat - Tech -
A dispatch from the future: There is nothing more patriotic than questioning the results of elections
This may sound similar to rhetoric I strongly condemned when it came to the 2020 election from Republicans, but it’s vastly different — because Donald Trump is evil.The Hill - Politics -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
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 -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - Business -
S&P 500 Moves Higher as Earnings Roll In
U.S. stocks rose as investors await Apple’s quarterly results among other earnings.The Wall Street Journal - World -
Apple's China sales in focus ahead of earnings
Investor expectations are low and Apple could surpass them even if sales growth is weak.CNBC - Business - China -
The Fed is stuck, and so are stocks
Growth is still strong and inflation too highFinancial Times - World - Federal Reserve -
The Stock Market Could Be Calmer
The Fed’s interference creates volatility and raises capital costs.The Wall Street Journal - World -
Pinterest shares soar 18% on earnings beat, strong revenue growth
Shares of Pinterest popped in extended trading Tuesday after the company reported first-quarter results.CNBC - Business -
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.CNBC - 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 -
Amazon earnings cheered as ‘objectively excellent’ — with any blemishes mere ‘nitpicks’
While shares saw a somewhat muted reaction, analysts saw plenty of reason to cheer.MarketWatch - Business -
Fullkrug goal earns Dortmund first-leg win over PSG
Niclas Fullkrug scores a brilliant first half winner as Borussia Dortmund beat Paris St-Germain 1-0 in a frenetic first leg of their Champions League semi-final.BBC News - Top stories - College Football -
First-Quarter Exits Boost Carlyle Distributable Earnings, But Revenue Falls
The firm saw one of its flagship funds become ineligible, at least temporarily, for carried interest.The Wall Street Journal - World -
Shell launches $3.5 billion buyback after earning $7.7 billion
Shell’s first-quarter adjusted earnings fell by less than expected, buoyed by strong margins from crude and oil trading, while the energy giant kicked off a $3.5 billion share buyback program as it hurries to close the valuation gap between it and ...MarketWatch - Business -
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.CNBC - Business