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Business
Sunrun stock surges as it sees opportunity after SunPower files for bankruptcy
A contractor carries a SunRun solar panel on the roof of a home in San Jose, California, U.S., on Monday, Feb. 7, 2022. David Paul Morris | Bloomberg | Getty ImagesSunrun stock jumped nearly 14% Wednesday as the rooftop solar installer sees…
No sign of U.S. recession in freight demand, Maersk CEO says
Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company's chief executive said Wednesday."We've seen in the last couple of years, actually,…
CVS Health (CVS) earnings Q2 2024
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024.Patrick T. Fallon | AFP | Getty ImagesCVS Health on Wednesday reported second-quarter earnings that topped expectations, but…
Sony rules out renewing Paramount offer, says it wouldn’t fit strategy
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesSony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film…
Novo Nordisk Q2 2024 results
Novo Nordisk Wegovy manufactured by Novo Nordisk packaging is seen in this illustration photo taken in a pharmacy in Krakow, Poland on April 8, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Jakub Porzycki | Nurphoto | Getty…
SoftBank earnings report Q1 FY 2024
Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. Toru Hanai | Bloomberg | Getty ImagesSoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its…
Sony earnings Q1
Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.Here's how Sony did in the June quarter versus LSEG consensus…
Disney (DIS) Q3 earnings report 2024
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty…
U.S. consumer giants have one big sales problem: China
Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The…
Rivian (RIVN) Q2 earnings report 2024
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersRivian Automotive beat Wall Street's top- and bottom-line expectations…
Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York.Eugene Gologursky | Getty Images Entertainment | Getty ImagesAirbnb shares dropped 14% in after-hours trading after the…
Uber Q2 2024 earnings
Uber on Tuesday reported second-quarter earnings results that topped Wall Street estimates. The stock rose about 4% in premarket trading.Here's how the company did for the period ending June 30, compared with what Wall Street was expecting…
Yum Brands (YUM) earnings Q2 2024
A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Justin Sullivan | Getty ImagesYum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales.Shares…
Saudi Aramco second-quarter profit dips amid lower production volumes
A 3D printed natural gas pipeline on Feb. 8, 2022.Dado Ruvic | ReutersSaudi state oil giant Aramco reported $29.1 billion in net profit for the second quarter, a dip of just over 3% from the same period last year as crude production volumes…
Teens enter the labor force as employers dish out higher wages, perks
A lifeguard works at the beach at Coney Island on June 15, 2023 in the Brooklyn borough of New York City.Spencer Platt | Getty ImagesDailey Jogan was pleased to learn she would get $15 an hour and a handful of perks as the head swim coach…
Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023.Stephanie Keith | Bloomberg | Getty ImagesWith second-quarter earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is…
Linde keeps streak of earnings beats, shows it can handle any economy
Linde on Friday reported another impressive quarter, as the industrial gas supplier continues to demonstrate its reliability and value in a diversified stock portfolio. Revenue in the second quarter totaled $8.27 billion, a bit shy of the…
Coterra’s strong energy production allowed for big cash returns to shareholders
Coterra Energy missed Wall Street expectations for sales and earnings in the second quarter. However, production volumes and more importantly cash generation both came in ahead of expectations. Revenue in the three months ended June 30…
Jobless rates fall in July for Asian Americans, bucking overall trend
A sign for a health-care career fair at Cape Fear Community College in Wilmington, North Carolina, on Feb. 28, 2023.Allison Joyce | Bloomberg | Getty ImagesThe unemployment rate fell for Asian Americans from June to July, bucking a broader…
Berkshire’s cash pile could top $200 billion as Buffett sells stock
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. GroganBerkshire Hathaway's highly scrutinized cash pile could top $200 billion — more…
Here’s where the jobs are for July — in one chart
People walk through a Manhattan mall on July 05, 2024 in New York City.Spencer Platt | Getty Images News | Getty ImagesHiring in the U.S. slowed significantly last month, with information and financial sectors registering job losses.The…
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit.The company announced…
Job growth totals 114,000 in July, much less than expected, as unemployment rate rises to 4.3%
Job growth in the U.S. slowed much more than expected during July and the unemployment rate ticked higher, the Labor Department reported Friday.Nonfarm payrolls grew by just 114,000 for the month, down from the downwardly revised 179,000 in…
ExxonMobil (XOM) earnings Q2 2024
An Exxon Mobil gas station in Washington, D.C., on Nov. 28, 2023.Al Drago | Bloomberg | Getty ImagesExxonMobil on Friday posted its second highest results for the second quarter in the past decade, as the company achieved record production…
Chevron (CVX) earnings Q2 2024
Gas pumps are seen at a Chevron gas station in Orlando.Paul Hennessy | SOPA Images | Lightrocket | Getty ImagesChevron missed second-quarter earnings expectations, hurt by lower refining margins.The oil major also said Friday it is moving…
Nintendo profit plunges 55% as sales of its ageing Switch console fall
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Friday reported revenue and profit that plunged in…
Why not all chip firms are benefitting from the AI boom like Nvidia
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNot all chip firms are…
Solar stock Nextracker’s strong quarter is eclipsed by backlog concerns
Shares of Nextracker dropped in extended trading Thursday as questions about the solar technology firm's backlog of projects overshadowed its better-than-expected quarterly results. Revenue in its fiscal 2025 first-quarter rose 50% year…
Apple strong quarter puts it on sure footing ahead of AI iPhone launch
Apple delivered quarterly beats after Thursday's closing bell ahead of what's expected to be a robust artificial intelligence iPhone upgrade cycle in the months the come. Revenue in Apple's fiscal third quarter, which ended in June, grew 5%…
Apple spending more on AI, but remains behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general…