Kevin Mazur | Getty Images Entertainment | Getty ImagesWarner Bros. Discovery's stock dropped on Wednesday after it reported a $9.1 billion write down on its TV networks and missed analyst estimates on revenue.Here is how Warner Bros. Discovery performed:Loss per share: $4.07. That may not compare with the 22 cent...
Kroger, Walmart, and McDonald's.Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | ReutersExpensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians' crosshairs.Walmart, McDonald's and Kroger are just a few of the...
A particular type of retail fraud soars during the summer season."Wardrobing," in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according to returns management software company...
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind.When asked by CNBC's Leslie Picker if he had changed his view from earlier this...
Investors want to know whether Eli Lilly is seeing the same pricing pressures on its blockbuster weight loss drug Zepbound that Novo Nordisk experienced with its competing drug Wegovy in the second quarter. Novo Nordisk shocked investors on Wednesday when its latest results fell short of Wall Street's expectations....
Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. However, the quarter checked the boxes that matter most to us, making the stock decline a buying opportunity. Revenue in the fiscal third quarter totaled $23.16 billion, topping the...
Check out the companies making headlines in midday trading. Fortinet – The cybersecurity stock was the biggest advancer in the S & P 500 on Wednesday, surging 26% after Fortinet posted a strong second-quarter report, as well as upbeat current quarter guidance. The cybersecurity company posted adjusted quarterly earnings...
A scene from Disney and Pixar's film "Inside Out 2."Courtesy: 2024 Disney | PixarHere's a surprise: Disney's media business isn't weighing down the company anymore.The primary Disney investor narrative since 2022 has been how streaming losses, combined with a declining traditional pay TV business and a string of box...