A UPS driver pulls a cart with packages while making deliveries on June 12, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesShares of the United Parcel Service slipped 6% Thursday after the company reported a bigger-than-expected revenue decline and cut its revenue guidance for the year.The stock hit...
Alphabet's earnings sailed past Wall Street estimates after the markets closed on Tuesday. Meta followed suit on Wednesday, solidly topping expectations. It didn't matter.Following better-than-expected results on the top and bottom lines from two of the most valuable tech companies in the world, the Nasdaq responded by dropping close...
These are the stocks posting the largest moves in midday trading.
Game maker HasbroJustin Sullivan | Getty ImagesShares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter.Hasbro's stock dropped more than 10% on Thursday, and Mattel slid more than 7%.The companies face challenges entering the critical fourth quarter, they said as...
2024 Ford F-150 RaptorFordDETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday.Here's what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv.Adjusted earnings per share: 45 centsAutomotive revenue: $41.22 billionThose results would be increases of more than...
Packs of Marlboro cigarettes are displayed at a smoke shop on April 28, 2023 in San Francisco, California. Justin Sullivan | Getty ImagesAltria Group, the parent company of Philip Morris USA and the nation's largest tobacco company, reported third-quarter results Thursday that fell short of Wall Street's expectations as demand for...
Comcast Xfinity cable television installation truck parked on a street in front of a suburban home, San Ramon, California, May 17, 2018. (Photo by Smith Collection/Gado/Getty Images)Smith Collection/Gado | Archive Photos | Getty ImagesComcast has tried to move investors away from focusing on residential broadband net additions. The market...
A person walks past a Christmas lighting display in a window at Bulbs NYC lighting store near Union Square in New York City, Dec. 20, 2022.Alexi Rosenfeld | Getty ImagesShoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping bags and large hauls under the...
The European Central Bank headquarters.Daniel Roland | Afp | Getty ImagesThe European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war. The key rate is set to remain at a record high of 4%,...
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures, and a variety of other domestic and global headwinds.Gross domestic product, a measure of all goods and services produced in the U.S., rose...