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Category Archives: Uncategorized

CVS beats on earnings and revenue but lowers profit outlook

CVS lowered its earnings outlook due to costs associated with recent acquisitions.

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Starbucks earnings beat as China reverses same-store sales declines

Starbucks reported earnings after the bell. Here are the results.

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Hollywood writers are on strike — here’s what it means for TV and movie production

Writers are seeking more compensation to reflect the content boom driven by streaming over the past several years.

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Gilead Sciences battles U.S. government in court over HIV prevention patent

The U.S. claims Gilead’s drugs Truvada and Descovy infringe on CDC patents.

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New York and California lost over $90 billion in income to low-tax states during Covid

The losses accelerated the trend of high-earners relocating to lower-tax states like Florida and Texas.

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Ford Motor is set to report earnings after the bell. Here’s what Wall Street expects

Ford is expected to report adjusted earnings per share of 41 cents and automotive revenue of around $36 billion.

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Ford cutting price of electric Mustang Mach-E by thousands of dollars

Ford will lower pricing of the Mach-E by $1,000 to $4,000. The cuts will make the starting price of the vehicle be between $42,995 and […]

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Home prices are back on the rise as the spring market proves more competitive than expected

A sharp drop in new listings, adding to an already meager supply of homes for sale, is leading to renewed bidding wars.

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Restaurant Brands earnings beats estimates, fueled by Tim Hortons’ and Burger King’s strong sales

Burger King’s U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold.

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Wall Street is cutting more jobs as Morgan Stanley plans 3,000 layoffs

For Morgan Stanley and others, the cuts show Wall Street is wrangling with a slump that’s dragging on for longer than expected

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