Month: February 2024
Yum Brands disappoints as KFC, Taco Bell and Pizza Hut fall short of same-store sales expectations
KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales. Yum is the third global restaurant […]
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Roblox shares rise 16% following company beats estimates and problems robust steerage
David Baszucki, main government officer and co-founder of Roblox Corp., speaks all through a Bloomberg Studio 1. tv job interview in San Francisco, California, on Thursday, April, 21, 2022. David Paul Morris | Bloomberg | Getty Pictures Roblox described outcomes for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and […]
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Uber beats estimates as revenue and bookings see double-digit growth
Uber CEO Dara Khosrowshahi appears on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Photos Uber reported fourth-quarter results Wednesday that conquer analysts’ estimates on the top and base lines. Shares of Uber fell much more than 1% in premarket investing. Here’s how the organization did: Earnings […]
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Public utilities fall short on wildfire mitigation, putting residents and shareholders at risk
Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos. It’s a story increasingly familiar in the energy industry: Some utility companies don’t properly assess the risks wildfires pose to their operations. A failure to mitigate these risks can have disastrous consequences […]
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NYCB shares continue tumble after Moody's downgrades bank's credit rating to junk
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | Reuters New York Community Bank’s shares continued their downward spiral Wednesday after Moody’s Investors Service cut the firm’s credit rating two notches to junk status. NYCB shares fell about 3%, trimming […]
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Alibaba posts income pass up, hikes shares buyback system by $25 billion
Alibaba is functioning in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Photos Alibaba skipped market anticipations for profits in the December quarter, but introduced it is escalating the dimension of its share buyback program by $25 billion, sending shares to whipsaw just after earnings had been launched. U.S.-mentioned […]
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Renewables big Orsted exits quite a few offshore wind markets, pauses dividend following turbulent 12 months
Burbo Financial institution, Liverpool Bay, England, seen from the sea turbines on Burbo wind farm off the United kingdom coastline. Ucg | Universal Illustrations or photos Group | Getty Photographs Danish renewables giant Orsted on Wednesday introduced programs to reduce work opportunities, pause its dividend payouts to shareholders and exit many offshore wind markets right […]
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CVS beats estimates, but cuts full-year profit outlook on higher medical costs
A CVS location in New York, US, on Thursday, Feb. 9, 2023. Stephanie Keith | Bloomberg | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and adjusted earnings that topped expectations, but the company cut its full-year profit outlook, citing higher medical costs that are dogging the broader insurance industry. The company lowered its […]
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China appoints ɻroker Butcher' Wu Qing as new chairman of securities regulator
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central company district at sunset on November 13, 2023 in Beijing, China. (Image by Gao Zehong/VCG via Getty Pictures) Vcg | Visual China Team | Getty Pictures China’s cupboard on Wednesday appointed markets veteran Wu Qing as chairman of the China Securities Regulatory Fee, condition […]
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Uk homebuilder Barratt to invest in rival Redrow in 2.52 billion pound offer
Matt Cardy | Getty Pictures News | Getty Illustrations or photos Britain’s most important homebuilder Barratt will get Redrow in an all-stock offer valuing its scaled-down rival at about 2.52 billion kilos ($3.18 billion), they explained on Wednesday, aiming to capitalise on the fledgling restoration in the current market. This is the 2nd consolidation in […]
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