A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including its breakthrough Alzheimer’s treatment Leqembi, saw growth. But the biotech company’s […]
Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenues of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Bookings, which measures the charges posed to customers for rides
Lyft shares sink 9% on underwhelming fourth-quarter results Read More »
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty Images Restaurant Brands International on Wednesday reported same-store sales growth of 2.5%, fueled by the better-than-expected performance from Burger King’s and Popeyes’ restaurants. Shares of the company rose roughly 1% in
An exterior view of a CVS pharmacy in Danville, Pennsylvania. Paul Weaver | Lightrocket | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical costs. The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6
CVS results top estimates even as high medical costs drag down insurance unit Read More »
Amazon is opening a beauty and health products store in Milan, marking the company’s latest brick-and-mortar experiment. The store is located in the city center of Milan, Italy, and features a range of beauty and personal care items, as well as non-prescription drugs, Amazon said in a blog post. The first store, which is called
A seller holds up a bottle of Casamigos, tequila from Diageo, the world’s leading spirits maker, as U.S. President-elect Donald Trump plans to impose tariffs on Mexico that could affect up to $1.6 billion in tequila sales, at a liquor store in Monterrey, Mexico, December 10, 2024. Daniel Becerril | Reuters The U.S. spirits industry
Philadelphia Eagles head coach Nick Sirianni and Jalen Hurts celebrate with the Vince Lombardi Trophy after winning Super Bowl LIX Mike Segar | Reuters The Philadelphia Eagles weren’t the only ones who scored big at the Super Bowl. The NFL’s championship game attracted a record 127.7 million viewers on Sunday, according to Nielsen Media Research.
Super Bowl 59 attracts record 127.7 million viewers Read More »
Satellite communications company Globalstar listed on the Nasdaq on Tuesday after delisting from the New York Stock Exchange. “We did a reverse split — we’re a multibillion-dollar company but our stock price was down in the dollar-ish range,” CEO Paul Jacobs told CNBC’s Becky Quick on “Squawk Box.” “And people thought of us as a
Globalstar CEO Paul Jacobs explains why satellite company moved from NYSE to Nasdaq Read More »
Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on Jan. 28, 2025. Firdous Nazir | Nurphoto | Getty Images Coca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of tariffs, CEO James Quincey said Tuesday. “As it relates to our
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of
Ford CEO says Trump’s tariffs are causing ‘chaos’ in auto industry Read More »
