05-02-2024
Analysts at Bank of America led by Savita Subramanian studied earnings transcripts of companies that used the word “layoff.” Relative to the industry group they’re in, the more they use the word, the worst the return.
05-02-2024
The parent of food brands Tyson, Hillshire Farm, Jimmy Dean and Ball Park beat profit estimates for its fiscal first quarter, overshadowing a fifth straight sales miss.
05-02-2024
Estée Lauder’s stock soared Monday, after the beauty-products company reported fiscal second-quarter profit that beat expectations by a wide margin, and said it would cut up to 5% of its workforce.
05-02-2024
Fast-food giant sees ‘macro challenges’ continuing in 2024.
05-02-2024
Sales rose above forecasts due to higher pricing, strength in the energy and transportation business.
05-02-2024
The deal “allows us to prioritize our investments in larger markets with greater earnings potential over the medium and long term, while creating balance sheet flexibility.”
05-02-2024
Healthcare, retail, manufacturing and building products are industries AI likely won’t dominate.
05-02-2024
The controlling shareholder of weight-loss drug maker Novo Nordisk on Monday said it’s buying a provider of drug manufacturing for $16.5 billion.
05-02-2024
Oil futures fall to begin the week.
05-02-2024
Mag 7 valuations are not extreme but they must deliver the forecast revenue growth
05-02-2024
Bond yields continue to rise on Monday, as investors react to news the U.S. economy continues to add jobs at a brisk pace.
05-02-2024
The manufacturer said it plans to spend several days inspecting and reworking 50 fuselages supplied to it by Spirit AeroSystems