In the midst of a challenging global landscape characterized by the ongoing Covid-19 pandemic, Swiss pharmaceutical giant Roche has managed to navigate through uncertainty and report a modest uptick in first-quarter sales. Despite facing waning demand for its Covid-19 products, the company has shown resilience in the face of adversity. Roche reported a 2% increase
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Boeing’s upcoming quarterly report is expected to shed light on the repercussions of a door plug loss incident in January involving a 737 Max 9 plane. This incident not only led to another safety crisis for the company but also brought additional federal scrutiny and a slowdown in production. As a result, analysts are predicting
If you missed the federal tax deadline, which was April 15 for most filers, it is crucial to file your return and pay your balance as soon as possible to avoid further penalties and interest. The IRS states that if you still owe taxes for the previous year, you will continue to accumulate penalties and
The Biden administration recently issued a final rule aimed at regulating the investment advice provided to retirement savers. This rule, enforced by the U.S. Department of Labor, seeks to ensure that the advice offered by advisors, brokers, insurance agents, and other intermediaries is in the best interest of the savers. The regulations expand the obligations
PepsiCo recently released its quarterly earnings report, surprising analysts with better-than-expected results despite facing challenges in the U.S. market. The company reported a net income of $2.04 billion, or $1.48 per share, beating Wall Street expectations. However, PepsiCo’s stock saw a decline of over 2% in morning trading, signaling investor concerns regarding the future outlook
President Joe Biden’s initial plan to forgive student debt was blocked by the Supreme Court last summer. The conservative majority court ruled that Biden did not have the authority to erase $400 billion in student debt without prior approval from Congress. The plan sought to forgive the debt of nearly all 40 million federal student
When Tesla reported its first-quarter earnings, the results did not meet the market’s expectations. Analysts were expecting an earnings per share of 51 cents and revenue of $22.15 billion. However, revenue actually dropped by 5.1% from the previous year, marking the first year-over-year decline since 2020. This news led to a significant drop in Tesla’s
One of the largest local TV broadcasters in the U.S., E.W. Scripps, has made headlines by hiring a financial advisor to evaluate interest in acquiring Bounce TV, its over-the-air network tailored for African American audiences. This move comes in the wake of Paramount Global exploring the sale of BET Media Group, a Black entertainment company,
Novartis, the Swiss drugmaker, saw a significant increase in its stock price by as much as 4.8% following the release of its first-quarter results. The company demonstrated better-than-expected performance, leading to a boost in investor confidence. With net sales rising by 11% and core operating income increasing by 22% in the first three months of
General Motors’ first-quarter performance exceeded expectations, with the company witnessing a surge in both revenue and net income. The automotive giant has raised its 2024 guidance following a stellar first quarter, highlighting robust North American operations as a key contributor to its success. GM’s adjusted earnings are now expected to reach $12.5 billion to $14.5