Articles

Treasury yields dip ahead of Fed rate decision, Powell presser

Bond yields fell early Wednesday as traders jostled for position ahead of the Federal Reserve’s monetary policy decision, statement and press conference later in the session.

H&M shares slide as CEO exits, profit lags estimates

H&M Hennes & Mauritz stock fell as much as 10% on Wednesday after the Swedish retailer’s CEO stepped down following worse-than-forecast results.

Ozempic maker Novo Nordisk reports 62% surge in profit

Novo Nordisk on Wednesday said its fourth-quarter profit surged by nearly two-thirds, driven by the popularity of its weight-loss drugs that have made it Europe’s largest company.

L’Occitane shares rise on strong nine-month sales

L’Occitane’s shares rose sharply after the company reported strong sales in the nine months ended December, with analysts saying business is already normalizing post-pandemic.

Nullification of Elon Musk’s $56 billion pay package could be a wakeup call for corporate boards

Chancellor seemed to be aware she could be setting a precedent in Delaware, where a majority of U.S. corporations are incorporated, in terms of corporate governance.

Universal Music warns it’ll pull songs off TikTok after licensing deal expires Wednesday

Universal Music Group, which represents megastars such as Taylor Swift, Bad Bunny and Drake, is warning it will pull its songs from TikTok after failing to agree to new licensing terms.

Teradyne shares fall 7% after forecasting another drop in revenue

Shares of Teradyne declined in post-market trading on Tuesday after it warned of weaker demand for some systems and forecast another drop in revenue.

Here’s where Walmart stock would rank in the Dow after 3-for-1 stock split

‘It was a good time to split the stock and encourage our associates to participate,” Walmart CEO Doug McMillon said.

Elon Musk’s $56 billion Tesla pay package in limbo after court voids it

A Delaware judge late Tuesday voided Tesla Inc. Chief Executive Elon Musk’s $56 billion compensation package.

Starbucks’ results miss expectations. But one analyst says this is may be why the stock is up.

Starbucks Corp. on Tuesday reported fiscal first-quarter profit and sales that missed Wall Street’s expectations, amid what management referred to as “headwinds” during the period, but shares rose after hours.

Oreo-maker Mondelez calls for slower growth this year

Global snacks giant Mondelez International Inc. late Tuesday called for slower growth this year, hedging that its outlook comes amid “greater-than-usual volatility as a result of geopolitical uncertainty.”

Soccer game’s popularity is delivering for EA — and creating a higher bar to clear for growth

Videogame maker Electronic Arts Inc. saw a modest uptick in gaming demand during the holiday season, helped by gains in its “EA Sports FC” soccer franchise, but signaled a slowdown in a key demand metric for its fourth quarter.
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