Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.Good afternoon! This is Annika Kim Constantino, and I cover the biotech and pharmaceutical industry for CNBC.com. Three names in the industry – Johnson & Johnson, Merck and Bristol Myers Squibb – face...
Check out the companies making headlines in midday trading. General Motors — Shares of General Motors rose 8% after the automaker topped Wall Street's estimates on the top and bottom lines and offered strong guidance for 2024. The company reported adjusted earnings of $1.24 per share on $42.98 billion...
The Carnival Radiance cruise ship at the Avalon, California, harbor on May 19, 2023.Aaronp/bauer-griffin | Gc Images | Getty ImagesCarnival announced Tuesday it would reroute cruise itineraries for a dozen ships scheduled to transit the Red Sea as tensions rise in the Middle East."Given recent developments and in close...
Alphabet CEO Sundar Pichai walks to lunch at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 12, 2023.David Paul Morris | Bloomberg | Getty ImagesAlphabet is scheduled to report fourth-quarter earnings Tuesday after the market closes.Here's what analysts are expecting:Earnings: $1.59 per share,...
Microsoft CEO Satya Nadella, left, departs from federal court in Washington, D.C., on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will report fiscal second-quarter earnings after the market close on Tuesday.Here's what analysts polled by LSEG, formerly known as Refinitiv, are expecting:Earnings: $2.78 per share, adjustedRevenue: $61.12...
A Citibank branch in the central business district of Singapore on Feb. 12, 2018.Ore Huiying | Bloomberg | Getty ImagesNew York Attorney General Letitia James on Tuesday sued Citibank for allegedly failing to protect and reimburse victims of electronic fraud.The suit claims that Citi does not have strong protections...
British Finance Minister Jeremy Hunt said earlier this month the U.K. would not enter a recession this year.Hannah Mckay | ReutersLONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as its chief economist argued the national budget needed the...
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas.Ed Lallo | Bloomberg | Getty ImagesHome prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index.While that may not seem like a lot, it is...
