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Taco Bell parent Yum Brands’ stock slides on Q1 earnings and revenue miss

Yum Brands’ CEO David Gibbs described “a difficult operating environment” during the first quarter.

U.S. Treasury to auction $125 billion next week, unchanged from last quarter

The Treasury Department on Wednesday said it would sell $125 billion in notes and bonds next week. That’s the same as  was offered last quarter.

Pfizer’s first-quarter results top estimates, while drugmaker boosts full-year profit outlook

Pfizer on Wednesday reported first-quarter results that beat analyst expectations, and raised its full-year profit guidance as cancer and heart-disease drugs helped offset plummeting COVID product sales.

ADP says 192,000 private-sector jobs created in April. Labor market not cooling off much.

U.S. businesses created 192,000 new jobs in April, paycheck company ADP said, and more industries hired people last month in a sign of ongoing labor-market strength.

CVS’s stock tumbles as loss of large client weighed on health-services business

CVS Health’s stock tumbled in premarket trading Wednesday, after the drugstore chain and healthcare-services company missed first-quarter earnings expectations amid challenges in its health services and Medicare businesses and rising costs.

Passengers can soon get automatic refunds for canceled or delayed flights. Here’s what to know.

The Transportation Department said this gives consumers clearer rights rather than making them rely on airlines to decide when compensation is owed

An S&P 500 correction, or a possible meltdown in Asian currencies, could be brewing. Here’s why.

Our call of the day from TS Lombard flags worrying signs on the labor market, and Asian currencies that need things to go just right for the U.S. economy.

Johnson & Johnson unveils latest plan to settle ovarian cancer talc claims

The plan is expected to resolve 99.75% of all pending talc lawsuits against the company and its units in the U.S., it said in a statement.

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.

Beating inflation will likely require an increase in the U.S. unemployment rate

Americans are on a frustrating search for a soft economic landing.

The U.S. birth rate has never been lower. Here’s what that means for stocks.

Americans aren’t having as many kids, but the economy can handle that — for now.

Adjustable-rate mortgage demand surges to highest level this year as 30-year rate keeps climbing

Mortgage applications fell 2.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.29%.
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