Tag: Breaking News: Business
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Ken Griffin’s Citadel posts best month in years after scooping up Situational Awareness stocks
The July gains came after Citadel acquired the bulk of the public-stock portfolio formerly held by Situational Awareness late last month.
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Mortgage rates hit their highest level in over a year, causing demand to drop below year-ago levels
Mortgage rates rose to the highest level in over a year, causing total mortgage demand to drop below year-ago levels.
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Eli Lilly easily tops quarterly estimates, raises outlook as Zepbound and Mounjaro sales surge
Eli Lilly now expects 2026 revenue to come in between $85 billion and $87 billion, up from a previous guidance of $82 billion and $85 billion.
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CVS blows past estimates, hikes guidance as insurance unit continues to improve
CVS also announced a new collaboration with Eli Lilly that will make Zepbound and Foundayo accessible to eligible patients on the CVS Health app.
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Here’s what to expect when Disney reports earnings before the bell
Disney reports its fiscal third-quarter earnings before the bell Wednesday as the market awaits further updates and changes under newly minted CEO Josh D’Amaro.
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GM, Chinese automaker extend joint venture for 20 years despite geopolitical tensions with U.S.
GM said the deal will focus on domestic sales of Buick and Cadillac models in China and exporting Chevrolet products built in China for non-U.S. markets.
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Michael Burry bets against rally: ‘We are near a major top, and possible a 1987-type fall’
“I continue to believe it is possible we are near a major top, and possible a 1987-type fall,” Burry said in a Tuesday Substack post.
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Lucid begins ‘operational reset’ as CEO says EV maker will delay midsize vehicle
The company didn’t provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.
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Paramount Skydance raises full-year profit guidance, remains ‘confident’ about WBD merger
Paramount Skydance reported second-quarter earnings after the bell and said it continues to prepare for its proposed merger with Warner Bros. Discovery.
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Chipotle stock falls on potential link to salmonella outbreak in Minnesota
Chipotle has pulled the affected supply from restaurants and replaced them with peppers from different growers, according to the company.
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