Apple shares saw a slight increase in extended trading after the company reported fiscal third-quarter earnings of $1.40 per share, exceeding the $1.35 per share estimate by analysts. The revenue also surpassed the Street’s estimates, coming in at $85.78 billion. This positive performance by Apple demonstrates the company’s ability to outperform expectations in a challenging
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Eli Lilly’s latest weight loss drug, Zepbound, has shown promising results in patients suffering from a common type of heart failure and obesity. The late-stage trial data released by the company indicates that Zepbound may offer additional health benefits beyond weight loss and blood sugar regulation. This has the potential to broaden insurance coverage for
Jenny Hunnicutt, a travel enthusiast and consultant, recently embarked on a 274-night cruise aboard Royal Caribbean’s Serenade of the Seas. This unique journey allowed her to work remotely while traveling the globe, presenting an enticing opportunity for individuals like her in a post-pandemic world. While onboard the cruise ship flying a Bahamas flag, American passengers
Wayfair, an online home goods company, reported a decline in sales during its fiscal second quarter. CEO Niraj Shah described the current slowdown in the home goods category as “unprecedented,” likening it to the 2008 financial crisis. The company fell short of Wall Street’s expectations, with earnings per share coming in at 47 cents adjusted
Barclays announced a second-quarter net profit attributable to shareholders of £1.2 billion, which was slightly lower than the previous year. Analysts had anticipated a net profit of £1.03 billion, as per LSEG data. The revenue for the latest quarter was reported to be £6.3 billion, surpassing the forecast of £6.25 billion. Additionally, the company unveiled
Bill Ackman’s Pershing Square USA recently made the decision to withdraw plans for an initial public offering after it became clear that investor demand was not as robust as originally anticipated. This move was unexpected, especially considering Ackman’s desire to model the offering after Berkshire Hathaway. Despite the setback, Ackman remains undeterred and has stated
Vice President Kamala Harris has made it clear that building up the middle class will be a crucial focus of her presidency. She believes that a strong middle class is essential for a strong America. During a political event in Atlanta, she reiterated her commitment to providing relief for families grappling with the high cost
The Federal Reserve officials decided to maintain short-term interest rates on Wednesday with no indication of an imminent reduction. Despite concerns about economic conditions, they did acknowledge progress in reaching their employment and inflation goals. Inflation, although slightly elevated, has shown signs of improvement. This cautious approach suggests that rate cuts may be on the
Meta, formerly known as Facebook, is scheduled to release its second-quarter earnings report after the closing of regular trading on Wednesday. According to analysts, the projected earnings per share is $4.73, with an expected revenue of $38.31 billion. Wall Street anticipates a 20% sales growth from the previous year, aiming for $32 billion, as Meta’s
Boeing, a well-known aircraft manufacturing company, recently released its second-quarter report, showing a larger loss and weaker revenue than anticipated by analysts. The company continues to face challenges in both its commercial airplane and defense programs, leading to a need for strategic changes to regain stability. In the second quarter, Boeing reported a loss of
