Check out the companies making headlines before the bell. Boeing — Shares jumped 3% after Boeing posted a narrower-than-expected loss in its latest results. In its first quarter, the company reported an adjusted loss of $1.13 per share, better than the adjusted loss of $1.76 per share estimated by...
A Foot Locker, Inc. store. Courtesy of: Foot Locker, Inc.A new and improved Foot Locker debuted at a New Jersey mall on Wednesday as the sneaker retailer looks to reverse a sales slump, keep brand partners loyal and win back Wall Street's confidence by revamping the footprint for its all-important stores. The...
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021.Dado Ruvic | ReutersBiogen on Wednesday reported first-quarter profit that topped estimates as the company's cost-cutting efforts took hold and sales of its closely watched Alzheimer's drug, Leqembi, came in higher...
Daniel Acker | Bloomberg | Getty ImagesHasbro reported a smaller-than-expected drop in first-quarter sales and easily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a drag from softer demand for toys.Shares of the company, up roughly 14% this year, rose about 4%...
Starbucks and the union that represents its baristas will resume contract negotiations on Wednesday, ending an extended stalemate.The two sides' return to the bargaining table follows their February announcement that they found a "constructive path forward" during mediation discussions related to litigation over the union's use of Starbucks' branding. It...
More than 3 million people with Medicare could be eligible for coverage of Wegovy now that the blockbuster weight loss drug is also approved in the U.S. for heart health, according to an analysis released Wednesday by health policy research organization KFF.But some eligible beneficiaries could still face out-of-pocket...
The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesShares of French luxury group Kering sank more than 9% at open on Wednesday, after the company warned that it expects a sharp downturn in first-half profits as a result...
“CBDCs” or Central Bank Digital Currencies are gaining significant traction. They represent the digital form of a nation’s official currency, issued and regulated directly by the central bank. Distinct from decentralised cryptocurrencies such as Bitcoin, CBDCs are centralised and backed by government authorities. Fintech Review delves into the characteristics...
A logo at the Roche Holding AG headquarters in Basel, Switzerland, on Thursday, Feb. 1, 2024.Bloomberg | Getty ImagesSwiss pharmaceutical company Roche on Wednesday reported a modest uptick in first-quarter sales, even as waning demand for its Covid-19 products continued to weigh on the company.Sales were up 2% at...