Dollar General Corp on Thursday forecast full-year profit well below expectations after cutting its earnings estimate for the all-important holiday quarter.
Moderna misses on earnings as costs rise from surplus production capacity, lower Covid shot demand
Moderna reported quarterly earnings of $3.61 per share, a 68% decrease from the same period in 2021 when it booked $11.29 per share.
This little-known aluminum products maker is too cheap to ignore and can rally nearly 40%, Credit Suisse says
Shares of this Paris-based aluminum producer that trades on the NYSE are too cheap to ignore, according to Credit Suisse.
Op-ed: Financials may get more love amid sustained higher interest rates
After some decent gains this year, the financials sector could draw suitors aplenty from the investor crowd as 2023 progresses.
Bank of America downgrades EV maker Lucid Group, citing near-term demand concern
Weak demand is likely to put short-term, downward pressure on Lucid shares, according to Bank of America.
Turkey slashes policy rate by 50 basis points as country continues to reel from earthquake
Turkey’s central bank slashed its policy rate by 50 basis points from 9% to 8.5% as the country continues to reel from the aftermath of a devastating quake which affected millions of lives.
Alibaba shares rally 6% after massive earnings beat
Alibaba reported earnings for its fiscal third quarter that smashed expectations, sending shares soaring 6% higher.
Loop Capital says buy Walgreens, predicts growth in new health care platform can drive up shares more than 20%
The comments from Loop Capital come just weeks after Walgreens topped expectations for the recent quarter and boosted its full-year outlook.
Qantas is confident it will return to 100% of its pre-Covid capacity in 2024
Qantas is confident that it will see a full return to pre-Covid capacity in 2024, CEO Alan Joyce told CNBC.
Stocks close higher Thursday, S&P 500 snaps four-day losing streak: Live updates
Stocks closed up on Thursday as traders weigh earnings from chipmaker Nvidia and assess future potential Federal Reserve moves.