Reuters | April 24, 2024
By Manas Mishra and Sriparna Roy (Reuters) -Biogen reported a quarterly profit that topped Wall Street estimates, helped by cost cutting, as the launch of its new Alzheimer’s disease drug remained sluggish. Sales of Alzheimer’s drug Leqembi, recorded by Japanese partner Eisai, were just $19 million for the quarter, compared to analysts’ tempered expectations of […]
Reuters | April 22, 2024
By Chibuike Oguh NEW YORK (Reuters) -Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the U.S. economy’s health. The benchmark S&P 500 and the Nasdaq rebounded from a decline over the […]
Reuters | April 19, 2024
(Reuters) – Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country’s fiscal path, market observers say. The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to […]
Reuters | April 18, 2024
By Marta Nogueira and Fabio Teixeira OIAPOQUE, Brazil (Reuters) – State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil’s northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in […]
Reuters | April 17, 2024
By Hyunjoo Jin, Norihiko Shirouzu and Chris Kirkham (Reuters) – Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had scrapped its plans for a $25,000 “Model 2” electric vehicle. “Reuters is lying,” Musk wrote in one post that day, without identifying any […]
Avi Kapoor | April 16, 2024
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Deutsche Bank cut the price target for Honeywell International Inc. (NASDAQ:HON) from $227 to $215. Deutsche Bank analyst Nicole Deblase downgraded the stock from Buy […]
Reuters | April 14, 2024
By Byron Kaye (Reuters) – Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page. “Our numbers are growing and we’re reaching more and more people every day,” said […]
Reuters | April 12, 2024
WASHINGTON (Reuters) – U.S. consumer sentiment ebbed in April while inflation expectations for the next 12 months and beyond increased, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 77.9 this month, compared to a final reading of 79.4 in March. Since January, […]
Shivani Kumaresan | April 11, 2024
Constellation Brands Inc (NYSE:STZ) reported fourth-quarter FY24 sales growth of 7.1% year-on-year to $2.14 billion, beating the analyst consensus estimate of $2.10 billion. Net sales for the Beer segment increased 11% Y/Y to $1.702 billion, and Wine and Spirits declined 6% Y/Y to $436.4 million. Shipment volume for Beer climbed 10.5%, while Wine and Spirits declined 5%. […]
Reuters | April 10, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose across the board on Wednesday, soaring against the Japanese yen to its highest since mid-1990, after U.S. inflation rose more than expected in March, pushing out the expected timing of a first rate cut to September from June. Market participants were also on the alert for […]
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