(Reuters) – The US pharmacy chain CVS Well being will lower 5,000 jobs, the Wall Road Journal reported on Monday, citing a be aware to staff. In an e-mail response to Reuters, CVS confirmed that the corporate was shedding some non-customer-facing staff to chop prices, however didn’t touch upon the variety of staff affected. An … Read more
font dimension AMD and Intel make the processors that act as the primary computing brains for private computer systems. Dream time Superior Micro Gadgets might have a number of bumpy quarters, however there is a long-standing purpose to be optimistic concerning the inventory: the potential for its AI chips. AMD (Inventory ticker: AMD) studies its … Read more
(Bloomberg) — BP Plc raised its dividend and promised to purchase again extra shares, capping a second-quarter earnings season that has seen Massive Oil proceed to prioritize returns for buyers. Most Learn from Bloomberg The London-based firm raised its dividend by 10% and mentioned it might purchase again one other $1.5 billion in shares, at … Read more
font dimension NIO delivered 20,462 autos in July. Getty Photos Preliminary outcomes of Chinese language electrical car supply have been printed. It was glorious. That is optimistic for Tesla And BYD And and different automakers that promote battery-powered automobiles on this planet’s largest new automobile market. Chinese language electrical automobile makers nio (tape: nio ), … Read more
Shares of Tupperware rose greater than 20% earlier than the opening bell, persevering with the meteoric rise that has greater than quadrupled the inventory’s worth for the reason that starting of July. The beneficial properties are paying homage to the inventory meme mania that has gripped markets in recent times, when a speculative frenzy despatched … Read more
font dimension Altria’s income has benefited from greater costs for its merchandise Simon Dawson/Bloomberg Altria Group, maker of Marlboro cigarettes, barely beat analyst expectations for earnings and income in its second-quarter report. The corporate (inventory ticker: MO) posted $1.31 earnings per share on income of $5.44 billion for the quarter ending in June. Observe analysts … Read more
LONDON, July 31 (Reuters) – Britain’s markets watchdog is prepared from Monday to leap on any agency failing to stick to a brand new responsibility to justify costs to prospects in one of many regulator’s largest reforms in a long time. Corporations regulated by the Monetary Conduct Authority have been required to adjust to a … Read more
(Bloomberg) — Uber Applied sciences Inc reported its first-ever working revenue, however shares fell as Wall Avenue questioned whether or not the corporate may keep the tempo of progress in its ride-hailing and supply enterprise. Most Learn from Bloomberg Uber reported second-quarter GAAP working revenue of $326 million and free money circulation of $1.14 billion. … Read more
Ken Fisher We have simply gone by a interval of bumper positive factors within the inventory market, however that is no coincidence, in accordance with a legendary inventory picker. Ken Fisher He calls the previous 9 months a “midterm miracle.” That’s to say, historical past has proven that the 9 months starting in October of … Read more
Tupperware is scheduled to report second-quarter earnings on Wednesday. Scott Olson/Getty Photographs font measurement Tupperware manufacturers The inventory is up over 700% over the previous two weeks in a largely unexplained rally. Its anticipated earnings report on Wednesday might put an finish to the rally. Tupperware (Inventory ticker: TUP) rose 16% on Tuesday, to $4.95. … Read more