In extended trading, Apple saw its shares inch higher after beating analysts’ estimates on both the top and bottom lines. With fiscal third-quarter earnings of $1.40 per share, surpassing the expected $1.35, and revenue totaling $85.78 billion, Apple proved to be a winner in this round of trading. On the other end of the spectrum,
Eli Lilly’s weight-loss drug, Zepbound, has shown promising benefits in patients suffering from a common type of heart failure and obesity. The late-stage trial data released by the company indicates that Zepbound, along with other popular GLP-1 drugs, may have additional health benefits beyond weight loss and blood sugar regulation. This could potentially lead to
Jenny Hunnicutt, a Florida-based writer and consultant, embarked on a 274-night cruise aboard Royal Caribbean’s Serenade of the Seas. Her journey quickly went viral on TikTok, showcasing a unique opportunity for remote workers in a post-pandemic world. With an increasing number of people opting for a remote lifestyle, working from a cruise ship has become
Online home goods giant, Wayfair, has faced a significant sales decline in its fiscal second quarter, with its CEO describing the situation as “unprecedented” and drawing parallels to the 2008 financial crisis. The company’s credit card data indicates that the current correction in the home goods category mirrors the magnitude of the decline experienced during
Barclays reported a second-quarter net profit of £1.2 billion, slightly down from the previous year. Despite this, the lender’s revenue exceeded expectations, reaching £6.3 billion. The net interest income in the core U.K. units of Barclays experienced a decline, particularly in the consumer bank sector, where it dropped by 4% year-on-year. However, the investment bank
Bill Ackman’s Pershing Square USA faced a setback in its initial public offering plans after investor demand appeared to fall short of original expectations. The hedge fund titan, Bill Ackman, announced the withdrawal of the IPO, but reassured investors that he would be back with a revised plan for the offering. Ackman had initially aimed
The recent decision by Federal Reserve officials to keep short-term interest rates steady has sparked conversations about the possibility of future interest rate cuts. While maintaining language in the post-meeting statement that indicates ongoing concerns about economic conditions, the Federal Open Market Committee hinted at progress being made towards achieving its employment and inflation goals.
Building up the middle class is a crucial goal for any administration to ensure the strength of the nation as a whole. Vice President Kamala Harris has been vocal about her intentions to prioritize the middle class during her presidency. An important proposal that she advocated for during her first presidential bid in 2020 and
Meta’s upcoming second-quarter earnings report is highly anticipated by analysts and investors alike. The company’s performance in the past year has been closely scrutinized, especially after a challenging 2022 impacted by a difficult economy and slashed advertising spending. In this article, we will delve deeper into what to expect from Meta’s earnings report and how
Boeing recently announced their second-quarter results, and it didn’t meet analysts’ expectations. The aerospace giant reported a larger quarterly loss and weaker revenue compared to what was predicted. This comes as both its commercial airplane and defense programs continue to face challenges. The loss per share was reported at $2.90 per share adjusted, falling short