Business
CVS Health raises outlook as third quarter results beat estimates
Rafael Henrique | Lightrocket | Getty Images CVS Health reported third quarter earnings Wednesday morning that beat Wall Street’s expectations. Here’s how the pharmacy giant performed compared to Wall analysts’ estimates, according to Refinitiv: Earnings per share $2.09 vs. $1.99, expected. Revenue $81.16 billion vs. $76.75 billion, expected. It’s the third consecutive quarter in which […]
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Yum Brands earnings miss despite stronger sales at KFC and Taco Bell
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Wednesday reported quarterly earnings that missed analysts’ expectations as the strong U.S. dollar weighed on its results. Revenue came in above expectations, […]
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EV battery firm Britishvolt averts immediate collapse with short-term funding
Charging points for electric vehicles in London, England. Jon Challicom | Moment | Getty Images LONDON — U.K.-based electric vehicle battery firm Britishvolt said Wednesday it had secured short-term funding, a move that will enable it to stave off administration for the time being. The company said its employees had also agreed to a pay […]
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Xpeng electric car deliveries drop in October to half of Nio’s
Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand’s overall monthly deliveries. China News Service | China News Service | Getty Images BEIJING — Chinese electric car startup Xpeng delivered about half the number of cars that rivals Nio and Li Auto did in […]
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How Taylor Swift went back to the past and turned ‘Midnights’ into her biggest album success yet
Taylor Swift during an interview with host Jimmy Fallon on Monday, October 24, 2022 Nbc | Nbcuniversal | Getty Images Taylor Swift’s “Midnights” may have left the indie-folk lovers of her previous albums disappointed, but breaking several sales and streaming records within its release week, including taking all of the top 10 spots on the […]
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Jim Cramer says these 8 stocks can withstand the Fed’s tightening cycle
CNBC’s Jim Cramer on Tuesday offered investors a list of stocks that he thinks will weather the market turbulence ahead. Here are his picks: Constellation Brands Eli Lilly Mondelez Kraft Kellogg Colgate Procter & Gamble Johnson & Johnson “You have to go to the new leaders of this market. Leaders like health care, leaders like […]
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Cramer’s lightning round: Manulife is not a buy
Tellurian Inc: “I am still in the buy, buy, buy. … It’s early in the game.” Planet Labs PBC: “It’s a really interesting concept. Sometimes you can own a concept. That’s a concept.” Jim Cramer’s Guide to Investing Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and […]
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Bullish on Estee Lauder, Starbucks, even as China set to hold back earnings
Wall Street’s worried China’s draconian Covid-19 restrictions — which have weighed heavily on the world’s second largest economy for nearly three years — could drag down earnings at Estee Lauder (EL) and Starbucks (SBUX) when the two U.S. companies report this week. At the Club, we’ve also tempered our expectations given the heavy exposure of […]
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Our guide to semiconductor companies and how their chips run our everyday lives
The semiconductor, or chip, industry is perhaps one of the most important and complex sectors in the stock market to understand. Chips are in everything from our smartphones to cars and to all facets of computing, from PCs to massive data centers used for the cloud. Put simply, they are the bricks and mortar of […]
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Inside the $23 million mega-mansion that Yankee Candle built
Standing at one of the five cooking islands in his kitchen, Mick Kittredge rattles off the outsized statistics for his newly listed home. Over 60 acres. Nearly 120,000 square feet of living and recreation space. A total of 14 fireplaces, 25 bathrooms, 16 bedrooms and four tennis courts. The western Massachusetts estate is so big, […]
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