Business

Sopa Images | Lightrocket | Getty ImagesEli Lilly on Tuesday raised its full-year guidance as second-quarter profit jumped 85% from the same period a year ago on strong sales from the pharmaceutical giant's diabetes treatment Mounjaro and…

Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021.Jakub Porzycki | NurPhoto | Getty ImagesShares of Novavax jumped as much as 20% in premarket…

A Redwire Corporation banner is displayed at the New York Stock Exchange, Sept. 8, 2021.Source: NYSESpace infrastructure company Redwire said Monday that it nearly erased its net losses during the second quarter and further grew its…

Alex Karp, CEO of Palantir Technologies, leaves a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 13, 2023.Kevin Dietsch | Getty ImagesPalantir reported a 13% increase in second-quarter revenue…

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp.Kiyoshi Ota | Bloomberg | Getty ImagesSoftBank shocked markets with a surprise loss in the first quarter covering April-June, but the Japanese tech conglomerate…

JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable.While noting that risks are still high and growth ahead is likely to be slow, the…

Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea's research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles,…

Jamie Grill | Getty ImagesBack-to-school shopping hasn't been easy this year for Lauren Cyr.The mother of three has searched for deals and spread out her shopping across multiple paychecks. Still, the 31-year-old sees higher price tags on…

The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total.The health care and social assistance category grew by 87,100 jobs last month, according to the Labor Department. That…

A 'Now Hiring' sign posted outside of a restaurant looking to hire workers on May 05, 2023 in Miami, Florida.Joe Raedle | Getty ImagesJob growth in July was less than expected, pointing to slower growth in the U.S. economy, the Labor…

Miami Beach, Florida, Normandy Isle, 7ty One Venezuelan restaurant, interior with customers dining and wait staff cleaning up. Jeff Greenberg | Universal Images Group | Getty ImagesFriday's jobs report could provide a crucial piece to the…

Fitch Ratings in New York, United States.Cem Ozdel | Anadolu Agency | Getty ImagesGrowing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to Elliot Hentov, head of macro…

VMS Eve, operated by Virgin Galactic, returns after the company's first commercial flight to the edge of space, at the Spaceport America facility, in Truth or Consequences, New Mexico, U.S., June 29, 2023. Jose Luis Gonzalez | ReutersVirgin…

Lisa Su displays an ADM Instinct M1300 chip as she delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada.David Becker | Getty ImagesAMD reported a revenue decline of 18% in its fiscal…

Starbucks logo is seen on a cup in this illustration photo taken in the cafe at the airport in Charleroi, Belgium on July 27, 2023. Jakub Porzyck | Nurphoto | Getty ImagesStarbucks on Tuesday reported quarterly earnings that beat analysts'…

A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning Pinterest made its initial public offering, April 18, 2019.Spencer Platt | Getty Images News | Getty ImagesPinterest shares sank about…

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 ImagesYum Brands on Wednesday reported mixed…

A Humana office in Louisville, Kentucky, July 31, 2023.Jon Cherry | Bloomberg | Getty ImagesHumana shares rose Wednesday after the health insurer said medical costs came in lower than expected during its second-quarter earnings report.The…

A customer exits a CVS Health Corp. store in Oakland, California, U.S., on Friday, Aug. 2, 2019.Michael Short | Bloomberg | Getty ImagesCVS Health on Wednesday reported second-quarter earnings and revenue that beat expectations, as the…

A view of an EVgo EV charging station on July 28, 2023 in Corte Madera, California. Justin Sullivan | Getty ImagesEV charging network operator EVgo on Wednesday reported second-quarter revenue that beat Wall Street's expectations and posted…

Qualcomm president and CEO Cristiano Amon speaks about Qualcomm's technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022.Steve Marcus | ReutersQualcomm reported third-quarter earnings on…

The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain.Reinhard Krause | ReutersIt's not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top…

Sinking Spring, PA - April 19: The sign at the McDonald's restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board below it that reads "Work Here $15 $15 $15". (Photo by Ben Hasty/MediaNews Group/Reading Eagle…

Traders work on the floor of the New York Stock Exchange, June 29, 2023.Brendan McDermid | ReutersGlobal stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top…

Job vacancies and layoffs edged lower in June, according to a Labor Department report Tuesday that points to a stable labor market.Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million…

A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA.Tim Rue | Bloomberg | Getty ImagesJetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter as travelers opt for destinations…

Uber CEO Dara Khosrowshahi addresses the audience during the keynote at the start an Uber products launch in San Francisco, California on September 26, 2019.Philip Pacheco | Afp | Getty ImagesShares of Uber rose 1% in premarket trading…

Pavlo Gonchar | Lightrocket | Getty ImagesPfizer on Tuesday reported second-quarter adjusted earnings that topped Wall Street's expectations, but posted revenue that fell short of estimates as Covid product sales plunged.Pfizer reported…

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 ImagesMerck on Tuesday reported second-quarter revenue that topped…

HSBC's net profit more than doubled to $18.1 billion in the six months ended June, a sharp spike compared to the $9 billion in the same period a year before.The bank's profit before tax rose 147% year-on-year to $21.7 billion, up from $8.78…