Merck & Co on Thursday reported higher-than-expected fourth-quarter earnings on strong sales of its COVID-19 antiviral pill molnupiravir in Asia. Excluding items, Merck earned $1.62 a share, exceeding Wall Street expectations of $1.54 a share, according to Refinitiv. Merck Chief Executive Rob Davis said the pandemic wave that moved through Asia in the fourth quarter drove sales of molnupiravir, which is sold under the brand name Lagevrio, particularly in Japan, South Korea and other areas of the Asia Pacific region.
Ryan Olohan, a married dad of seven, was fired from Google after 15 years allegedly for not being "inclusive" after a female exec retaliated against him for denying her sexual advances.
Yahoo Finance Live anchors discuss FedEx's job cut plans and how the stock is reacting.
Yahoo Finance automotive reporter Pras Subramanian explains Rivian's recent round of layoffs amid pressures to ramp up its EV production targets.
If you find yourself with $1.5 million in retirement savings, you're doing more than five times better than the average retiree, who only has $279,997. It is true that $1.5 million can last indefinitely in retirement if you don't spend … Continue reading → The post How Long Will $1,500,000 Last in Retirement? appeared first on SmartAsset Blog.
Tech titans including Google parent Alphabet, Microsoft, Meta (META) IBM (IBM) and Amazon (AMZN) have announced thousands of job cuts in recent months, as the sector attempts to meet a changing macro environment. While layoffs continue, however, companies such as Alphabet Inc. (GOOGL) (GOOG) and Microsoft Corp. (MSFT) are also increasing their efforts around AI, reflecting a broader trend in tech. Microsoft, for its part, is making a multiyear, multibillion-dollar investment in OpenAI, maker of the ChatGPT tool.
Yahoo Finance’s Daniel Howley joins the Live show to discuss quarterly earnings for AMD, the drop in PC sales and shipments, and the outlook for AMD.
These growth stocks are down more than 50%, creating an attractive buying opportunity for patient investors.
With Ford earnings are due Thursday, the automaker updates its Mach-E pricing and production strategy.
(Bloomberg) -- FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving step as economic concerns and waning e-commerce weigh on demand for package delivery.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonNational Archives Releases Records Tied to Trump Classified Documents8,000 Layoffs
WASHINGTON (Reuters) -The White House on Tuesday expressed outrage on Tuesday at Exxon Mobil Corp's record net profit in 2022 of $56 billion, a historical high not just for the company but for the entire Western oil industry. Oil majors are expected to break their own annual records due to high prices and soaring demand, pushing their combined take to near $200 billion. The scale has brought renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.
The group, which sells software to automakers, planemakers and industrial firms, guided for an annual revenue of between 5.93 billion euros and 5.98 billion euros ($6.59 billion to $6.53 billion) compared with 5.67 billion euros in 2022. Including currency fluctuation, the company expects annual growth at around 5%.
Thermo Fisher Scientific Inc (NYSE: TMO) has posted Q4 revenue of $11.45 billion, up 7% Y/Y, beating the consensus of $10.43 billion. Organic revenue was 3% lower, Core organic revenue growth was 14%, and COVID-19 testing revenue was $0.37 billion. Revenue from Life Sciences Solutions Segment declined by 27% to $3.05 billion. Analytical Instruments Segment sales were up 8.9% to $1.88 billion. Specialty Diagnostics Segment revenues decreased by 22.9% to $1.12 billion, and Laboratory Products and
The token at the heart of perhaps the most consequential lawsuit in the cryptocurrency industry is riding a month-long surge.
Exxon Mobil posted mixed fourth-quarter financial results Tuesday, beating earnings estimates but missing on revenue views. Exxon Mobil stock edged lower Wednesday. This drove Exxon Mobil and Chevronand other energy stocks to the head of the stock market, with the companies posting record profits.
Japanese power utilities are stepping up efforts to cut thermal coal import costs by switching to lower quality grades and widening import sources, company officials said, as Tokyo looks to fight inflation and boost energy security. The measures include burning more of cheaper low-to-mid-grade coal and seeking new suppliers in Africa and South America, they said, as the world's No. 3 coal importer has sharply reduced imports from Russia, sanctioned for its invasion of Ukraine.
This week, sportswear giant Nike filed a lawsuit accusing lululemon of infringing on its patents in the shoe line that the Vancouver-based activewear company launched last spring. After years of selling exclusively clothing, accessories and the odd yoga mat, lululemon expanded into the world of footwear with a running shoe it dubbed Blissfeel last March. According to the lawsuit filed in Manhattan federal court, certain knitted elements, webbing and tubular structures are too similar to ones that had been used by Nike earlier.
The leaders of Apple, Intel, Morgan Stanley and Goldman Sachs are earning lower compensation than in prior years.
When it comes to retirement, timing is everything. And for retirees, good timing doesn't just have to do with threading the needle on Social Security start dates or savvily initiating required minimum distributions (RMDs). It also has to do with … Continue reading → The post These Charts Shows Why You Shouldn't Retire in a Down Market – 2023 Study appeared first on SmartAsset Blog.
“There is a window of opportunity to gain share...and 2023 is a pivotal year that will establish the winners and losers in this EV landscape,” Wedbush tech analyst Dan Ives says amid the industry's price cuts.