Tag: business news
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JPMorgan becomes bearish on Nike due to its long turnaround plan
The bank downgraded its rating on Nike to underweight from neutral, on worries that its “Win Now” plan will weigh on financials for the next few years.
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Pfizer tops estimates, hikes low end of revenue guidance on strength of Eliquis, other drugs
Pfizer said it cut its full-year revenue expectation for its Covid products to $4 billion, down from around $5 billion previously.
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Palantir earns an upgrade after its big second quarter, as analysts get bullish on its AI business
Analysts on Wall Street reaped praise on the AI software company’s results, which were reported after the bell on Monday.
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Wayfair posts strongest U.S. growth since 2020
Wayfair, a pandemic darling that’s seen sales slow since lockdown orders were lifted, posted its strongest U.S. growth since 2020 during its second quarter.
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McDonald’s names company veteran Skye Anderson as its U.S. president as growth in its largest market slows
McDonald’s new U.S. President Skye Anderson has been with the company for 26 years and succeeds Joe Erlinger in the role.
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U.S. has used ‘virtually all’ of its long-range precision missiles during Iran war: Reuters
The U.S. Army has used up much of its stockpile of highly accurate long-range missiles during its war with Iran, people familiar with the data told Reuters.
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Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
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Saudi Aramco profits soar in second quarter as Iran war squeezes oil supply
The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.
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Deutsche Bank says gold’s ‘explosive’ run isn’t over and gives a bullish end-of-year forecast
Deutsche Bank says gold’s explosive price behavior is ongoing, even after spot prices fell from a January record and doubled since August 2024.
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HSBC pretax profit beats estimates, boosted by higher net interest income and fees
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu HSBC’s revenue gained 16%, year on year, exceeding estimates. The lender’s second-quarter profit before tax rose to $10.1 billion, down
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