Month: April 2023
Stocks making the biggest moves premarket: Meta, Teladoc, Harley-Davidson, Southwest Airlines and more
Harley-Davidson motorcycles are displayed for sale at the Cowboy Harley-Davidson dealership on February 02, 2023 in Austin, Texas. Brandon Bell | Getty Images Check out the companies making headlines before the bell: Meta Platforms – Shares jumped 12% after the Facebook parent surpassed Wall Street’s expectations on the top and bottom lines and issued optimistic […]
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GDP rose at a 1.1% tempo in the first quarter, significantly less than anticipated
Progress in the U.S. slowed significantly during the first three months of the calendar year as fascination charge boosts and inflation took keep of an economy largely anticipated to decelerate even further more ahead. Gross domestic product, a evaluate of all merchandise and providers made for the interval, rose at a 1.1% annualized rate in […]
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Musk achieved with Schumer and other lawmakers to examine A.I. regulation
Twitter CEO Elon Musk speaks at the “Twitter 2.: From Discussions to Partnerships,” marketing convention in Miami, Florida, on April 18, 2023. Chandan Khanna | AFP | Getty Pictures After staying noticed on Capitol Hill on Wednesday, Elon Musk tweeted that he’d satisfied with Senate Bulk Chief Chuck Schumer, D-N.Y., and other lawmakers about artificial […]
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GM raised guidance, but its stock fell. Why Wall Street isn’t buying in
Mary Barra, chief executive officer of General Motors Co., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023. Jordan Vonderhaar | Bloomberg | Getty Images DETROIT – When a company beats Wall Street’s earnings expectations and raises guidance amid recessionary fears and other economic concerns, you would expect […]
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Il Makiage parent Oddity buys biotech startup Revela to design new molecules for beauty products
The beauty and wellness platform behind Il Makiage and Spoiled Child is investing more than $100 million to acquire a biotech startup and open a U.S.-based lab in a bid to make the most effective cosmetic products on the market, the company announced Thursday. Oddity is buying startup Revela for $76 million, its largest acquisition […]
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American Airlines ekes out a first-quarter profit as carrier ramps up flying
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines posted a $10 million profit in the first quarter as it ramped up flying and a jump in revenue outpaced higher costs. American’s revenue rose 37% […]
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Eli Lilly misses on earnings but raises full-year guidance
Medical bottles and syringe are seen with Eli Lilly and Company logo displayed on a screen in the background in this illustration photo taken in Krakow, Poland on November 10, 2022. Jakub Porzycki | Nurphoto | Getty Images Eli Lilly‘s first-quarter earnings missed expectations Thursday, but the pharmaceutical company raised its full-year guidance. Before the […]
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Comcast beats estimates despite slowing broadband growth, higher Peacock losses
Comcast topped analyst expectations with its first quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock losses. Shares of the company rose more than 2% in premarket trading. The stock is up more than 4% so far this year through Wednesday’s close. Here’s how Comcast performed, […]
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Southwest posts wider-than-anticipated decline as toll of vacation crisis stretches into 2023
A chook flies by in the foreground as a Southwest Airlines jet will come in for a landing at McCarran Global Airport on May possibly 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Pictures Southwest Airlines shed $159 million in the first quarter as the financial impression of its holiday break meltdown stretched […]
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Merck revenue falls after dramatic drop in sales of Covid antiviral treatment
Medicine pill is seen with Merck logo displayed on a screen in the background in this illustration photo taken in Poland on October 4, 2021. NurPhoto | NurPhoto | Getty Images Merck on Thursday reported first-quarter revenue that fell 9% from the same period a year ago largely due to a steep drop in sales […]
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