Federal police raided ex-President Jair Bolsonaro’s home for a probe into a group suspected of adding false vaccine data into the government’s Covid database.
Yum Brands earnings miss estimates despite KFC and Pizza Hut’s recovery in China
Yum’s same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations.
Wolfe double-upgrades this regional bank stock that’s an ‘attractive place to hide’
The firm upgraded the stock to outperform from underperform.
Wall Street wants to see if AMD can rebound in 2 key businesses. But analysts disagree on how to play the stock
Bank of America downgraded AMD after earnings, while Goldman reiterated a buy rating.
Mortgage demand drops as bank failures hit jumbo loan rates
Mortgage demand dropped last week despite a slight easing in interest rates, while trouble in the banking sector makes jumbo loans more expensive.
CVS beats on earnings and revenue but lowers profit outlook
CVS lowered its earnings outlook due to costs associated with recent acquisitions.
Eli Lilly Alzheimer’s treatment donanemab slowed disease progression in clinical trial
Donanemab, a monthly antibody infusion made by pharmaceutical company Eli Lilly, also significantly reduced brain plaque associated with Alzheimer’s disease.
Increasing competition could add to challenges for this electronics company, UBS warns
Analyst Joern Iffert downgraded the stock to sell from neutral. Iffert also cut his price target to CHF43 from CHF57.
Here’s what to expect from today’s Federal Reserve announcement
Where the intrigue comes in is how the central bank proceeds from here.
Top banking CEO warns of further volatility and predicts more U.S. rescues
A top banking executive said he expects more American banks to be rescued after JPMorgan stepped in to buy First Republic.