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Oil rises to fresh six-week highs on bullish demand NEW YORK (Reuters) - Oil prices rose on Thursday, on track to hit six-week highs as strong U.S. economic data, a weak dollar and an expected recovery in demand outweighed concerns about rising output and the impact of higher COVID-19 cases in Brazil ...
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Fiscal stimulus powers US economic growth in first quarter WASHINGTON (Reuters) - U.S. economic growth accelerated in the first quarter as the government gave money to mostly lower-income households, fueling consumer spending and setting the course for what is expected to be the strongest performance this ...
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Ford's 'confusing' 2021 guidance is hurting its stock despite blowout first-quarter earnings Ford stock during trading Thursday morning was down by as much as 10.4% despite reporting impressive first-quarter results that beat Wall Street's expectations. The negative reaction by investors following Ford's results after the bell Wednesday is a mix of ...
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IBM is acquiring cloud app and network management firm Turbonomic for up to $2B It announced that it is acquiring Turbonomic, a company that provides tools to manage application performance (specifically resource management), along with Kubernetes and network performance — part of its bigger strategy to bring more AI into IT ops, or as ...
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Comcast Q1 Review: Both a Safety and Reopening Trade The media giant's core Cable business added 461,000 broadband subscribers and lost 491,000 cable subscribers, but it still managed to rake in a whopping $15.8 billion during the quarter. Comcast shares opened Thursday's trading session 3% higher on the ...
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Columbia Banking System Announces First Quarter 2021 Results and Quarterly Cash Dividend TACOMA, Wash., April 29, 2021 /PRNewswire/ --. Notable Items for First Quarter 2021. Quarterly net income of $51.9 million and diluted earnings per share of $0.73; Net loans increased $248.7 million, or 3%, during the first quarter of 2021; Deposits ...
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Dollar sluggishness persists after strong US GDP data A report of strong U.S. economic growth in the first quarter did little to bolster the dollar on Thursday, which stayed just off nine-week lows as a doggedly dovish outlook from the Federal Reserve and bold spending plans from the White House furthered ...
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Why Facebook and Apple Couldn't Lift the Nasdaq Thursday Earnings season has hit top gear for the stocks that make up the largest components of the Nasdaq Composite (NASDAQINDEX:^IXIC). The Nasdaq has been near all-time record highs, but on Thursday, the index pulled back from what appeared to be the ...
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People seeking coronavirus vaccine appear eager to receive Johnson & Johnson It signaled to nurses at this drive-by immunization clinic that Woolvin and his mother, Debbie Shipp, wanted Johnson & Johnson's single-dose coronavirus vaccine, not their other choice, Pfizer-BioNTech's two-shot regimen.
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New era begins at Merck as pandemic cuts Q1 sales, profit The massive management makeover, mostly triggered by longtime Chief Executive Ken Frazier's upcoming retirement, occurs as the drugmaker says hits to sales of many of its medicines amid lockdowns and other impacts from the coronavirus pandemic will ...
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A Conversation With Gwynne Shotwell, 2020 Satellite Executive of the Year Days before sending the Crew-2 mission to the ISS, Gwynne Shotwell jumps on the phone for an interview with Via Satellite while working at SpaceX's facility in McGregor, Texas. She speaks openly about the company's ambitions for Starlink, her ...
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US vows again to ban menthol flavor in cigarettes, cigars WASHINGTON (AP) — U.S. health regulators pledged again Thursday to try to ban menthol cigarettes, this time under pressure from African American groups to remove the mint flavor popular among Black smokers. The Food and Drug Administration has ...
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Better Buy: Adobe Systems vs. Shopify Adobe is the third-largest software-as-a-service (SaaS) enterprise in the world. Since it was founded in 1982, it has grown into a $245 billion behemoth. The company's product portfolio spans two broad growth areas: digital media and digital experience.
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Jobless claims hit new pandemic low for third straight week, as labor market picks up The 553,000 initial unemployment claims filings mark a slight drop but also a sign that the nation's economic comeback is 'starting to see some real firepower'. Image without a caption.
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GM launches recall fix for 69000 Bolt EVs WASHINGTON (Reuters) -General Motors Co said it would launch a recall and software update on Thursday to address a callback of nearly 69,000 Chevrolet Bolt electric vehicles for fire risks and will replace battery module assemblies as necessary.
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McDonald's sales are back above pre-Covid levels McDonald's sales have soared this year, even though Covid restrictions remain in place in many countries. Profits in the last three months jumped almost 40% to $1.54bn (£1.1bn), driven largely by the return of US customers. There was also strong growth in ...
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China Reins In Tech Giants' Finance Arms After Hobbling Ant Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma's Ant Group Co. in a crackdown on ...
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ATI announces $7.9M 1st quarter loss as USW strike continues Allegheny Technologies Inc. reported a $7.9 million loss in the first quarter of 2021, but the company said it anticipates that demand for its jet engine products will increase as air travel recovers from the covid pandemic. "Our first-quarter financial results ...
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Thermo Fisher profit beats estimates on COVID-19 vaccine demand surge (Reuters) -Thermo Fisher Scientific Inc beat first-quarter profit estimates on Thursday as strong sales of materials used to make COVID-19 vaccines and treatments helped offset slowing demand for tests that detect the novel coronavirus. FILE PHOTO: A ...
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Why Cara Therapeutics Stock Is Crashing Today Shares of Cara Therapeutics (NASDAQ:CARA) were crashing 43.9% lower as of 11:17 a.m. EDT on Thursday. The big drop came after the company announced results from its phase 2 study evaluating oral Korsuva in treating moderate-to-severe pruritis in ...
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'We need everyone to do their part:' Herd immunity looks far off, Charlotte experts say Harris said the decision to lift outdoor mask mandates is a "reasonable first step," especially as temperatures rise. "Even if we had the mask mandate in place, I think we'd have ...
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Caterpillar Says Chip Shortage May Hurt Equipment Deliveries "Although we haven't been impacted yet, the global semiconductor shortage may have an impact later this year," Chief Financial Officer Andrew Bonfield said in a Thursday interview. "It's a risk and obviously we're keeping a close eye on it.".
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Cruise Shares Rise as CDC Outlines Quicker Path to Return Agency sees resumption with mostly vaccinated, paying guests · Royal Caribbean aims to sail from U.S. by Alaska cruise season.
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Biden Excludes Student Loan Cancellation And Free Four Year College From New Stimulus Package Biden also didn't mention them in his speech last night to a Joint Session of Congress. Instead there are scaled-back proposals that could limit the amount of financial aid compared to earlier proposals. This ...
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Fried-Chicken Craze Is Causing US to Run Low on Poultry KFC says it's struggling to keep up with soaring demand for its new sandwich, while North Carolina-based chicken-and biscuits-chain Bojangles reported outages of tenders across its 750 locations.
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In a first, FDA issues a serious rebuke for trial data delay as it looks to get tough The FDA is on the verge of slapping Acceleron Pharma with up to a $10,000 fine for failing to publish a summary of its trial data results on a cancer combo using its old med dalantercept. The summary results information, which is the basic form of the data ...
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Realogy Is Riding the Property Boom. Its Earnings Blew Past Estimates. Stock in Realogy, a clear winner from the pandemic-related homebuying boom, soared by double digits as earnings for the real-estate services company far exceeded Wall Street's expectations. Earnings for Realogy, which operates and franchises brokerage ...
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Teladoc stock tumbles after another quarter of wider-than-expected loss prompts multiple price target cuts The stock has now plunged 42.6%, since the stock shot up 140% in a year to a record $294.54 on Feb. 8 as the company was a seen as a beneficiary of the COVID-19-related stay-at-home measures.
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Madison eateries going beyond brunch for Mother's Day If you're looking to treat your mother at home instead with locally produced goodies — think baked goods and snack boxes — here are a few vendors offering specialty items for Mother's Day. Brunch fans, don ...
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Altria Stock Drops on Earnings, Regulatory Worry Altria Group stock is falling as investors weigh a mixed first-quarter earnings report and confirmation that the government plans to tackle menthol in cigarettes. Altria (ticker: MO) said it earned $1.42 billion, or 77 cents per share, down from 83 cents per share in ...
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Boeing Earnings Were Meh. Here's What Wall Street is Saying. Boeing said Wednesday that it lost $1.53 in adjusted earnings per share and burned through about $3.7 billion in the first quarter. Shares fell 2.9% during the session in response, while the S&P 500 and Dow Jones Industrial Average fell about 0.1% and 0.5%, ...
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Gray sells divestiture stations from Quincy Media transaction to Allen Media for $380M Allen Media, which owns and operates local television stations in twelve markets, also owns 12 networks including The Weather Channel and the free-streaming service Local Now. Allen Media Group was founded by Byron Allen in 1993.
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Gold miner Newmont's profit disappoints as pandemic hits output (Reuters) -Newmont Corp posted quarterly profit below expectations on Thursday, as coronavirus restrictions and a sale of a Canadian asset dented production for the world's largest gold miner. Although massive stimulus measures and pandemic-led ...
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Taco Bell Is Giving Away Free Crunchy Tacos to Celebrate the Upcoming 'Taco Moon' "A new lunar phase is on the horizon," read the social media announcement. "On Tuesday, May 4th, we're celebrating the Taco Moon by giving you a Free Crunchy Taco. Get yours all day when you order online or through the app, or in-store from 8pm - 11: ...
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Carvana, online used car sales, opens Provo and Wasatch Front for sales Carvana, one of the leading online auto retailers in the U.S., announced Thursday it is now offering its services to residents in the Provo, Ogden and Salt Lake City areas. Carvana first came into Utah in St. George in early 2020. While there is not a physical ...
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Jeff Bezos' Blue Origin about to reveal when it's selling tickets to space Blue Origin, the rocket startup from Amazon founder Jeff Bezos, on Tuesday will reveal details about how and when to purchase tickets to ride its New Shepard rocket into space. The space tourism rocket has completed a series of test flights and landings, ...
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Warren Buffett's Unusual Pick For Year's Top Event Raises Tantalizing Question Berkshire Hathaway (BRKB) CEO Warren Buffett heads to Los Angeles for the company's highly anticipated annual meeting this weekend. The annual "Woodstock for Capitalists" will be online for a second year due to the pandemic. But it's the first time in ...
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A gas shortage this summer isn't caused by what you think it is But that gas shortage is not because of a lack of gasoline. The problem is there aren't enough tanker truck drivers to get that gasoline to gas stations. New data shows 20 to ...
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Cheesecake Factory calls new DC opening response 'incredible' "On the development front, during the first quarter The Cheesecake Factory opened in Washington, D.C., just down the street from the White House. The local response has been incredible," said David Overton, chief executive and Cheesecake Factory founder, ...
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COVID-19 at a Glance There have now been 32,110 cases statewide, including 24,670 on Oahu, 3,493 in Maui County (3,345 on Maui, 111 on Lanai and 37 on Molokai), 2,683 on Hawaii island and 225 on Kauai. A total of 1,039 residents have been diagnosed out of state.
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Bitcoin vs. Dogecoin vs. Ethereum: Top cryptocurrencies compared Cryptocurrency has been on a tear recently, as government spending and liquidity from the Federal Reserve flood the financial system. That's helped cause a run-up in popular digital currencies, including Bitcoin, Ethereum and (perhaps surprisingly) ...
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Pinterest Sets Several Mental Health Awareness Month Initiatives Pinterest said it will commit $10 million over the next 12 months to fund organizations that are increasing awareness of mental health and well-being challenges, advancing innovations in the field and explicitly tackling racial and other disparities in access.
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Tesla Cybertruck still a year away from production, leaked report predicts Tesla CEO Elon Musk's hosting gig stirring up controversy within 'Saturday Night Live' cast. FOX Business' Maria Bartiromo, Dagen McDowell and Surevest CEO Rob Luna discuss on 'Mornings with Maria.'.
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Amazon, Facing Competition for Labor, Lifts Pay for 500000 The increase is targeted toward warehouse workers and employees of Amazon's sorting centers and other facilities, PTI reports. This salary hike comes on top of the at least $15 an hour Amazon pays workers. The ...
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Plug Power taps into North American transit bus market with BAE Systems agreement Plug Power has reached an agreement with British manufacturing giant BAE Systems to produce zero-emission powertrains for transit bus manufacturers in North America. The Latham company (Nasdaq: PLUG) will combine its hydrogen-powered fuel cell ...
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Comcast: Universal Orlando theme parks continue to suffer pandemic financial loss ORLANDO, Fla. – The parent company for Universal Orlando Resort has released a report showing its theme parks continue to suffer financial losses due to the pandemic. According to Comcast's first quarter earnings report, theme parks revenue decreased ...
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Shares of Outback parent Bloomin' Brands soar as US comp sales more than double in last four weeks Net income totaled $70.2 million, or 63 cents per share, after a loss of $38.1 million, or 44 cents per share, last year. Adjusted EPS of 72 cents beat the FactSet consensus for 32 cents. Revenue of $987.5 million was down from $1.01 billion, but also ahead of the ...
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Shares of gig economy groups dive on comments by US labour official Shares of ride-sharing pioneers Uber and Lyft and the food delivery service DoorDash were down by between 5 and 11 per cent after Marty Walsh told Reuters he felt workers should be treated as employees in "a lot of cases".
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Who has the nation's best pizza? New Jersey, says Food & Wine "Before the world turned upside down, it had been established that some of the best pizza in the country was being made in Jersey City, just across the Hudson River from Lower Manhattan," writes senior editor David Landsel, referencing Bread & Salt and Dan ...
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LL Bean still coming to Amherst, just not to Station 12 AMHERST, N.Y. — The Town of Amherst will still be getting an L.L. Bean store, just not where it was originally slated to go. The clothing and outdoor retailer announced Thursday it will open a new location at The Boulevard Consumer Square on Niagara Falls ...
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