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Temu owner PDD misses sales estimates amid China slowdown

Shares drop after tech group warns on ‘intensified competition’
World - Financial Times - 2 days ago
Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

While Intuit reiterated its full-year view, the company said promotional changes in the current quarter will have implications for revenue timing.
Business - CNBC - 2 days ago
Civil War Toll Much Worse in Confederate States, New Estimates Show

An analysis of newly released 19th-century census records offers more insight into the conflict’s costs.
Health - The New York Times - 4 days ago
Centene’s stock soars 11% after earnings sweep past estimates and company backs guidance

Chief Executive Sarah M. London said the company had navigated a “dynamic landscape” in the quarter amid turmoil in the Medicaid business.
Business - MarketWatch - October 25
Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.
Business - CNBC - October 29
McDonald’s CEO apologizes for E. coli outbreak, as fast-food giant’s earnings beat estimates

McDonald’s is encouraged by signs of progress in the third quarter.
Business - MarketWatch - October 29
Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.
Business - MarketWatch - October 30
Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.
Business - CNBC - October 30
Biogen tops estimates, raises profit guidance as Alzheimer's drug Leqembi gains traction

Leqembi, along with rare disease and depression treatments, helped offset a year-over-year decline in revenue for the company's multiple sclerosis products.
Business - CNBC - October 30
10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown

Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...
Business - MarketWatch - October 30
Samsung falls short of expectations as chipmaker fails to reap AI benefits

Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix
World - Financial Times - October 31
Donald Trump and the autocrats' playbook

‘This is a man who should be nowhere near power’
World - Financial Times - October 31
UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing
World - Financial Times - October 31
Bank of Japan holds rates but signals normalisation still on track

Political uncertainty following election upset raises risks of abrupt policy shifts, warn analysts
World - Financial Times - October 31
FirstFT: US consumers continue to spend, spend, spend

Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election result
World - Financial Times - October 31
Making sense of sentiment

And Trump equity trades
World - Financial Times - October 31
Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory
World - Financial Times - October 31
Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall

The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.
Business - CNBC - October 31
Bristol Myers Squibb tops earnings estimates and hikes outlook, helped by Eliquis and new drugs

The pharmaceutical giant also raised its full-year revenue forecast to an increase of roughly 5%.
Business - CNBC - October 31
Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO

Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.
Business - MarketWatch - October 31
Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates

Despite the lower takings, Toyota had raised its interim and full year dividend forecast
Business - CNBC - November 6
Maurizio Cattelan’s duct-taped ‘banana’ artwork estimated to fetch up to US$1.5m at New York auction

The viral artwork, involving a banana stuck to a wall, is once again in the spotlight, as Sotheby’s prepares to auction it for an eye-watering sum. Italian artist Maurizio Cattelan ’s notorious ...
World - The Guardian - November 7
Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer

Pizza chain says it’s still operating in a challenging consumer environment.
Business - MarketWatch - November 7
Paramount’s earnings lag estimates as streaming gains are offset by weak film and TV revenue

The company still expects to close its merger with Skydance, the studio run by David Ellison, in the first half of 2025.
Business - MarketWatch - November 8
More companies than usual are downbeat on the end of the year — but Wall Street’s profit estimates are still strong

As Wall Street’s attention turns to the final three months of the year, more companies are downbeat, even as analysts remain upbeat about profit growth.
Business - MarketWatch - November 10
Home Depot earnings sweep past estimates, but interest rates pressure home remodeling

Home Depot executives discussed the impact of President-elect Donald Trump’s proposal to impose new tariffs.
Business - MarketWatch - November 12
Disney Q4 bolstered by strong results from streaming, 'Inside Out 2' and 'Deadpool & Wolverine'

Disney’s fourth-quarter adjusted profit beat Wall Street’s expectations, bolstered by strong results from its streaming service and box office success with “Inside Out 2” and “Deadpool & Wolverine.”
Tech - ABC News - November 14
Disney Q4 results top estimates bolstered by strong results from company's entertainment business and streaming service

Disney Q4 results top estimates bolstered by strong results from company's entertainment business and streaming service
Tech - ABC News - November 14

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