Month: August 2022
Biden to sign executive order to help cover costs for women traveling for abortions
Boxes of the medication Mifepristone used to induce a medical abortion are prepared for patients at Planned Parenthood health center in Birmingham, Alabama, March 14, 2022. Evelyn Hockstein | Reuters U.S. President Joe Biden will sign an executive order on Wednesday to help cover costs for women traveling to receive abortions, a senior administration official […]
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Under Armour cuts profit outlook for the full year as promotions eat into margins
American multinational clothing brand Under Armour store seen in Hong Kong. Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Under Armour on Wednesday cut its profit forecast for the fiscal year 2023 as more promotions on its athletic apparel ate into margins. The company now expects earnings per share for the full year […]
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Goldman says buy this ground-breaking biotech stock poised to rally 75% from here
Now is the time to buy biotech company Kymera Therapeutics as shares could jump more than 75% from here, Goldman Sachs said. Analyst Chris Shibutani initiated coverage of Kymera with a buy rating and a $40 price target, saying in a note to clients that shares are currently trading at an attractive entry for investors. […]
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Voyager CEO made millions in stock sales in 2021 when price was near peak
Stephen Ehrlich, CEO of bankrupt cryptocurrency exchange Voyager Digital, made millions of dollars selling Voyager shares in February and March 2021 when shares were near their peak, nineteen months before the crypto lending firm declared bankruptcy in July 2022, financial records show. Ehrlich’s gains were propelled by the stratospheric increase in Voyager’s stock price, which […]
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Moderna’s 2Q earnings beat expectations, but it writes off $500 million in expiring Covid shots
Illustration of a vial of Moderna vaccine for coronavirus treatment. Marcos Del Mazo | Lightrocket | Getty Images Moderna on Wednesday reported second quarter results that beat earnings and revenue expectations driven $4.5 billion in sales from its Covid -19 vaccine, but it’s still the company’s only commercially available product and it took a big […]
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Credit Suisse hit with stock and credit downgrades after earnings plunge
Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse shares slipped on Wednesday after Goldman Sachs downgraded the stock to “sell” following credit rating downgrades from Moody’s and S&P. The embattled Swiss lender’s shares were down slightly by […]
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Yum Brands reports mixed results, stronger sales for Taco Bell
A woman walks past a Taco Bell Cantina on July 30, 2020 in New York City. Alexi Rosenfeld | Getty Images Yum Brands on Wednesday reported mixed quarterly results, but said Taco Bell had stronger sales. Shares of the company rose nearly 2% in premarket trading. Here’s what the company reported compared with what Wall […]
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CVS Health raises full-year forecast after beating second-quarter expectations
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health on Wednesday lifted its earnings outlook for the year, after beating Wall Street’s expectations for the fiscal second quarter. The health-care company said it now expects adjusted earnings per share for the full year […]
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‘It’s just hell’: Ukraine says Russia has the advantage in battle for the Donbas; grain ship safely arrives in Turkey
First grain shipment out of Ukraine in months reaches Turkey safely The first grain ship to leave Ukraine in months has arrived safely in Turkish waters, where it will be inspected before it continues its journey to Lebanon. The shipment comes after a deal was brokered between Russia and Ukraine by Turkey and the United […]
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Climate change isn’t party political and people are realizing it’s not a ‘left-wing plot,’ charity founder says
People photographed in Lower Saxony, Germany, on July 19, 2022. A number of European countries were affected by a heatwave last month. Julian Stratenschulte | Picture Alliance | Getty Images It’s been called a “global emergency that goes beyond national borders” and described as “the biggest threat to security that modern humans have ever faced.” […]
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