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Cannabis company Cresco Labs swings to a profit, while revenue beats estimates

Cresco Labs earned nearly $5 million in the quarter, reversing a year-ago loss of $181 million.

Eli Lilly strikes deal with Amazon Pharmacy for home delivery of Zepbound, other drugs

Eli Lilly has tapped Amazon Pharmacy to provide home delivery of certain Lilly medicines, including obesity drug Zepbound.

First Horizon, Popular, East West Bancorp, Western Alliance get top billing as Citi flags undervalued regional banks

Analyst Ben Gerlinger says reduced Fed rate cut outlook has weighed on bank names.

Tesla’s stock selloff is ‘way overdone’ as EV demand stabilizes, analyst says

Tesla’s stock extended its selloff toward a 10-month low Wednesday, even as Wedbush analyst Dan Ives did his best to support the electric vehicle giant by saying negative investor sentiment is “way overdone.”

Dollar Tree misses on earnings, plans to close 600 Family Dollar stores in 2024

The plan to close stores follows a review initiated during the fourth quarter, which evaluated market conditions and individual store performances.

Petco’s stock rises 3.5% after sales beat as CEO Ron Coughlin steps down

Petco’s better-than-expected sales come as it posts another loss amid weak demand and over-capacity.

Elon Musk’s SpaceX prepares third Spaceship flight test

SpaceX’s third Spaceship flight test could come as soon as Thursday, pending regulatory approval, says the private space company.

This basket of global stocks from Goldman Sachs has nearly kept pace with the Magnificent Seven while excluding tech

U.S. stocks have dominated the international markets landscape for more than 50 years, and that’s unlikely to change any time soon. But they have become more pricey lately, prompting some investors to consider bargain-hunting abroad.

‘It’s just a fantasy’: Citadel CEO Ken Griffin says AI will not replace human fund managers

The billionaire hedge fund manager said LLMs are unlikely to drive a “sea change of productivity gains” in the near future.

Oil prices lifted after industry data shows drop in U.S. crude inventories

Oil futures move higher ahead of official data on U.S. crude inventories.

Inditex to launch Zara resale platform in U.S. as profit surges

Spanish retailing conglomerate Inditex on Wednesday said it will launch its Zara resale platform in the U.S. after a year of strong profit growth.

Shell considers slowing its ambitious net-zero push: report

The Anglo-Dutch oil major has focused on investor returns over climate initiatives under new CEO Wael Sawan who took control in January 2023
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