Text size Investors are looking for evidence that Amazon.com is made progress on its push to rein in costs. David Ryder/Bloomberg Amazon . com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the company’s … Read more
The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +2.48%, Alphabet Inc. GOOGL, … Read more
Bed Bath & Beyond Inc. missed interest payments on its bonds, a week after its bank lenders sent the company a default notice because it was overdrawn on its credit lines. The home-goods retailer failed to pay more than $28 million on three tranches of notes totaling roughly $1.2 billion due on Feb. 1, a spokeswoman … Read more
Text size Pfizer said it expects Covid-19 vaccine sales to drop to $13.5 billion in 2023. Mario Tama/Getty Images Pfizer on Tuesday laid out guidance for the 2023 fiscal year well below Wall Street consensus figures, tempering investor expectations ahead of what it expects to be a steep drop in Covid-19 product sales. Shares fell … Read more
At first, Jeremy Joslin thought the email announcing his layoff was a phishing attempt. It was 5:30 a.m. in California when he saw it, and with so many technology job cuts afoot, the Google software engineer thought a scammer was trying to capitalize on the news. The message, sent to his personal inbox, directed him … Read more
Markets India’s Adani Group issues 413-page response to Hindenburg Research’s allegations
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit The Wall Street Journal Swimming in cash, Chevron plans a $75 billion slap in the face to drivers CNN What Chevron’s $75 billion stock buyback plan suggests CNBC Television Oil Majors Boost Buybacks as Russia, China Wildcards Weigh on Spending Plans Bloomberg Chevron Falls After Posting Disappointing Quarterly … Read more
CVS, Walmart to Cut Pharmacy Hours as Staffing Squeeze Continues – WSJ The Wall Street Journal CVS pharmacy hours reduced amid staffing shortage among pharmacists USA TODAY Walmart, CVS Health adjust pharmacy hours amid labor crunch CNBC CVS, Walmart to cut pharmacy hours amid labor concerns (NYSE:CVS) Seeking Alpha CVS and Walmart to cut pharmacy hours due to labor … Read more
Arts Music Live Nation’s Ticketmaster may have faced Congress, but it’s still the biggest player in concerts. Here’s what to know about buying tickets in 2023
At a small gallery tucked behind the cavernous atrium at the Museum of Modern Art in Midtown Manhattan on a recent day, visitors lingered before a sprawling work, a series of dots, lines and diagrams in a seemingly abstract design against a stark, black background. The piece, laced with text in tiny print, is nothing … Read more