- Carvana shares spike 30% as used car retailer posts record first quarteron May 2, 2024 at 12:59 am
Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.
- Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald'son May 1, 2024 at 9:02 pm
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.
- Viking shares rise 8% after cruise line operator's market debuton May 1, 2024 at 8:57 pm
The company's initial public offering coincides with a strong rebound in cruise bookings.
- Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.on May 1, 2024 at 8:23 pm
The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management.
- CVS shares plummet as health company slashes profit outlook on higher medical costson May 1, 2024 at 8:19 pm
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
- Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug saleson May 1, 2024 at 8:18 pm
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.
- Bally Sports regional networks go dark for Comcast cable customerson May 1, 2024 at 7:20 pm
Carriage negotiations between Comcast and Diamond Sports broke down, leaving cable customers without access to Bally Sports regional networks during MLB season.
- Family offices are looking beyond the stock market for higher returns, new report findson May 1, 2024 at 7:12 pm
Unlike stocks, alternatives such as private equity and private companies have more gradual valuation changes, smoothing out volatility.
- NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'on May 1, 2024 at 3:26 pm
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
- Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales dragon May 1, 2024 at 2:21 pm
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.
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