Unpacking Carvana’s Blockbuster Earnings Report
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02May
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02May
UK to suffer slowest growth of all rich nations next year, OECD says
People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024.Lucy North - Pa Images | Pa Images | Getty ImagesThe U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to...
02May
PTON, CVNA, CI, QCOM and more
Check out the companies making the biggest moves in premarket trading: Peloton Interactive — Shares climbed 15% after the fitness company announced CEO Barry McCarthy will step down while it seeks a permanent CEO. Peloton also set a restructuring plan that will cut 15% of its staff, or about...
02May
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02May
Peloton CEO Barry McCarthy steps down, 15% of staff laid off
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesPeloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off...
02May
Wayfair (W) earnings Q1 2024
The Wayfair app on a smartphone arranged in Hastings-on-Hudson, New York.Tiffany Hagler-Geard | Bloomberg | Getty ImagesWayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat...
02May
Moderna (MRNA ) earnings Q1 2024
Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The results come as Moderna inches closer to putting another product on the market, which it badly needs as...
02May
Novo Nordisk earnings Q1 2024, Wegovy sales double
The injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois.Scott Olson | Getty ImagesNovo Nordisk, which became the most valuable company in Europe last year due to the blockbuster success of its weight loss drugs, on Thursday beat first-quarter profit...
02May
China Nio shares soar 20% as EV deliveries more than double in April
Nio's ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China.Getty Images | Getty Images News | Getty ImagesShares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April.Hong Kong-listed shares of...
02May
Oil giant posts stronger-than-expected profit
The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England.Matt Cardy | Getty Images News | Getty ImagesBritish oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.Shell reported adjusted earnings of $7.7...