Month: July 2024
Stocks making the biggest moves midday: Lamb Weston, Tesla, Enphase Energy and more
Check out the companies making headlines in midday trading. Lamb Weston –The potato and French-fry company tanked 27% after issuing a disappointing report for the fiscal fourth quarter. Lamb Weston generated adjusted earnings of 78 cents per share on $1.61 billion of revenue. Wall Street analysts were looking for $1.26 per share in earnings on […]
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‘Inside Out 2’ is now the highest-grossing animated movie of all time, surpassing ‘Frozen II’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar’s “Inside Out 2.” Disney | Pixar Disney is back on top at the box office. On Tuesday, “Inside Out 2” surpassed $1.46 billion in global ticket sales, making it the highest-grossing animated feature of all time, usurping another Disney title, “Frozen […]
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Ford Motor is about to report earnings. Here’s what to expect
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT — Ford Motor is set to report second-quarter earnings after the markets close Wednesday. The Detroit automaker’s results are expected to be relatively healthy, although down from the second quarter of 2023 and not as strong […]
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Kamala Harris, dozens of lawmakers sit out Netanyahu speech to Congress
Israeli Prime Minister Benjamin Netanyahu addresses the Conference of Presidents of Major American Jewish Organizations, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Jerusalem, February 18, 2024. Ronen Zvulun | Reuters Vice President Kamala Harris and more than 30 Capitol Hill lawmakers are not planning to attend Israeli Prime Minister […]
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Pfizer’s gene therapy for rare genetic bleeding disorder succeeds in late-stage trial
Kena Betancur | Corbis News | Getty Images Pfizer on Wednesday said its experimental gene therapy for a rare genetic blood-clotting disorder succeeded in a large late-stage trial, paving the way for a potential approval. The treatment for hemophilia A could become the company’s second gene therapy to enter the U.S. market after Beqvez, which […]
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UK’s Thames Water’s troubles mount as credit rating cut to junk
Simon Dawson | Bloomberg | Getty Images Britain’s largest water provider Thames Water suffered a blow in its battle to avoid renationalisation on Wednesday as credit rating firm Moody’s downgraded its corporate family rating (CFR) and its safest tranche of debt to junk. The heavily indebted utility is at the centre of a crisis in […]
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CrowdStrike says bug in quality control process led to botched update
A general view from Rome Fiumicino International Airport as passengers gather and wait due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Rome, Italy. Riccardo De Luca | Anadolu | Getty Images A CrowdStrike software update that crashed computers globally last […]
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Here’s why you may get a smaller pay raise next year
Key Points The typical worker will get a 4.1% annual raise for 2025, down from 4.5%, according to a WTW survey. That growth is still high relative to the recent past. Company pay increases are largely dictated by supply-and-demand dynamics in the labor market. The job market has cooled from a scorching level in 2021 […]
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Stocks making the biggest moves premarket: Alphabet, Tesla, Texas Instruments, Meta Platforms and more
Check out the companies making headlines in premarket trading. Alphabet — Shares of the Google parent-company slipped nearly 4% before the opening bell. Advertising revenue in Alphabet’s YouTube segment undershot expectations in the second-quarter and overshadowed results that beat analyst estimates on the top and bottom line. Tesla — Stock in the electric vehicle company […]
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Britain’s King Charles cashes in as Crown Estate profits surge to over $1.4 billion
King Charles III in Camberley, England. Dan Kitwood | Getty Images Entertainment | Getty Images LONDON — Britain’s King Charles is set for a bumper £45 million ($58 million) pay raise after profits at the sovereign’s public estate more than doubled, according to official records. Profits of The Crown Estate — a portion of which […]
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