Earnings Results: AT&T stock gains after earnings as company highlights growth and profits
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Kimberly-Clark’s stock jumps 5.7% as company sweeps past earnings estimates
Kimberly-Clark Corp.’s stock rose 5.7% early Tuesday, after the parent to consumer brands including Huggies diapers and Scott and Kleenex tissues beat profit and sales estimates for the first quarter.MarketWatch - Business -
Earnings this week from several of the biggest technology companies offer the next opportunity for stocks to regain their footing after sharp selloffs last week.
Earnings this week from several of the biggest technology companies offer the next opportunity for stocks to regain their footing after sharp selloffs last week.The Wall Street Journal - World -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - World -
GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.The Wall Street Journal - Business -
UPS’ stock rises after profit extends long streak of beats as deliveries improve
UPS’s stock rallied Tuesday, after the package delivery giant beat first-quarter profit expectations, even as it once again reported revenue that fell below forecasts.MarketWatch - Business -
Wall Street is looking to Tesla's earnings for clues to Musk's plan to restore company's wild growth
Faced with falling global sales and a tumbling stock price, Tesla has slashed prices again on some of its electric vehicles and its “Full Self Driving” systemABC News - Tech -
Spotify Makes Progress on Profitability Push
Spotify came up short on user growth, but swung to a profit in the first quarter, delivering a mixed earnings report as it works to achieve consistent profitability this year.The Wall Street Journal - World -
GE Aerospace’s stock leaps toward a 16-year high after earnings beat forecasts
Shares of GE Aerospace got a boost premarket Tuesday as quarterly profit and revenue — including results before the spinoff of GE Vernova was completed — rose above expectations.MarketWatch - Business -
PepsiCo’s profit beats estimates, but Quaker recalls weigh on earnings
The soft drink and salty snack giant beat Wall Street’s first-quarter profit and revenue estimates but said its Quaker Oats unit swung to a loss on product recalls.MarketWatch - Business -
Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings
Technology stocks are broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group.MarketWatch - Business -
What Apple investors should make of stock’s ‘tricky setup’ ahead of earnings
Investors don’t necessarily need to “step in front of” earnings, but BofA says they could buy any pullback ahead of the “biggest WWDC ever.”MarketWatch - Business - Apple -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Goldman Sachs moves senior banker to Paris in post-Brexit revamp
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continentFinancial Times - Business -
Electric cars switch out of fast lane
Also in this newsletter: sharp increase in military spending, Exxon speaks out to defend plastics, flying taxisFinancial Times - World -
GM’s blowout earnings show ‘long-awaited turnaround appears to be under way’
In a letter to shareholders, Chief Executive Mary Barra said the car maker is seeing “good early sales momentum” for EVs such the Cadillac Lyriq as it benefits from “scale, material cost and mix improvements.”MarketWatch - Business -
Tesla to Posts Earnings After Tough Start to Year
The automaker is set to report its results after the market closes. Dour analyst projections on sales and profit reflect its rough start to 2024.The Wall Street Journal - World - Tesla -
Tesla to Post Earnings After Tough Start to Year
The automaker is set to report its results after the market closes. Dour analyst projections on sales and profit reflect its rough start to 2024.The Wall Street Journal - World - Tesla -
Cardinal Health’s stock falls after company says contract with OptumRx will not be renewed after June
Drug distributor backs fiscal 2024 profit guidance despite end of contract that generated 16% of its revenue last year.MarketWatch - Business -
Big Tech Faces Earnings Test After Market Rout
The Magnificent Seven stocks lost nearly $1 trillion in combined market value last week, increasing pressure on the group to deliver.The Wall Street Journal - World -
Big Tech Faces Earnings Test After Market Rout
The Magnificent Seven stocks lost nearly $1 trillion in combined market value last week, increasing pressure on the group to deliver.The Wall Street Journal - World -
S&P 500 Climbs With Tesla Earnings in the Spotlight
Stocks were making gains after a slew of household names released earnings.The Wall Street Journal - World - Tesla -
Tesla set to report first-quarter earnings after the bell
Tesla is set to release first-quarter earnings on Tuesday following a dismal deliveries report earlier this month.CNBC - Business - Tesla -
Jim Cramer ranks first-quarter earnings from 6 major U.S. banks. Our portfolio stocks fared well
Club names Morgan Stanley was No. 1 and Wells Fargo was No. 3, according to Jim Cramer's analysis.CNBC - Business -
Verizon’s stock heads for first post-earnings drop since 2022 despite subscriber beat
Verizon lost fewer net postpaid phone subscribers than expected in the latest quarter, as consumer gross additions ticked up and churn improved.MarketWatch - Business -
Major U.S. stock indexes rallied, with the S&P 500, Nasdaq and Dow gaining 0.9%, 1.1% and 0.7%, respectively, after a stretch of poor or indifferent performance.
Major U.S. stock indexes rallied, with the S&P 500, Nasdaq and Dow gaining 0.9%, 1.1% and 0.7%, respectively, after a stretch of poor or indifferent performance.The Wall Street Journal - World -
Novartis Ups Guidance on Profit, Sales Growth
Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs.The Wall Street Journal - World -
Novartis Ups Guidance on Profit, Sales Growth
Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs.The Wall Street Journal - Business -
General Motors raises 2024 guidance after big first-quarter earnings beat
GM's North American operations, driven by truck sales, were largely responsible for the company's first-quarter beat and guidance raise, the automaker said.CNBC - Business -
Spotify’s stock gains as monthly active users fall short but margins improve
Spotify had 615 million monthly active users for the first quarter.MarketWatch - Business -
Virgin Galactic skyrockets 21%, stock on pace for biggest gain in 10 months
Shares of Virgin Galactic have rallied after trading down on 13 of the past 17 days.MarketWatch - Business -
Devin Haney vs. Ryan Garcia: Results, highlights, fight card, winners, complete guide
Garcia scored one of the biggest upsets of the year in taking out the former undisputed championCBS Sports - Sports -
AB Foods Eyes Further Profit Growth as Primark Margins Rise
Primark owner AB Foods raised its dividend and said it expects a significant rise in full-year profit after its budget retailer delivered robust margins and higher earnings.The Wall Street Journal - World -
AB Foods Eyes Further Profit Growth as Primark Margins Rise
Primark owner AB Foods raised its dividend and said it expects a significant rise in full-year profit after its budget retailer delivered robust margins and higher earnings.The Wall Street Journal - Business -
Larger properties drive UK asking prices to near-record high
Rightmove data comes against a backdrop of recent volatility in mortgage marketFinancial Times - Business - United Kingdom -
Debanking complaints to UK financial ombudsman surge
Thousands of customers take issue with accounts that have been frozen or closed and more cases have been upheldFinancial Times - Business - United Kingdom -
Debanking complaints to UK financial ombudsman surge
Thousands of customers take issue with accounts that have been frozen or closed and more cases have been upheldFinancial Times - Business - United Kingdom -
Debanking complaints to UK financial ombudsman surge
Thousands of customers take issue with accounts that have been frozen or closed and more cases have been upheldFinancial Times - Business - United Kingdom -
Debanking complaints to UK financial ombudsman surge
Thousands of customers take issue with accounts that have been frozen or closed and more cases have been upheldFinancial Times - Business - United Kingdom