AbbVie reported quarterly earnings that beat analysts’ estimates but revenue below consensus as sales for many of its drugs declined from the prior year. The company’s full-year earnings forecast also missed estimates. AbbVie (ticker: ABBV) reported adjusted fourth-quarter earnings of $3.60 a share on revenue of $15.12 billion, compared to year-earlier profit of $3.08 a share on sales of $14.89 billion.
Disney might be the happiest place on earth, but one thing's for sure -- it isn't so happy there today. CEO Bob Iger sent out an email to Disney employees on March 27 informing them that the layoffs previously announced in February have begin.
Viking said Tuesday recipients of its potential obesity treatment lost up to 18 pounds, and VKTX stock launched to a five-year high.
Short sellers are getting bold again. And they've picked their favorite stock market targets to crash.
Investment is down, labor is scarce, budget is squeezed. Oligarch: ‘There will be no money next year’
(Bloomberg) -- On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkThe firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature Ba
This futuristic pickup truck developed by Tesla is undoubtedly the most anticipated vehicle of the last decade. No vehicle had generated so much excitement, fueled in part by thundering statements from Elon Musk, CEO of Tesla, and other top executives. Internet searches related to the Cybertruck are considerable.
Micron is seeing pressure on its business from high customer inventory and weak PC demand. But things improve from here.
Tech led the stock market lower Tuesday, with major benchmarks weakening in the last hour. Berkshire Hathaway's Warren Buffett made $450 million on Occidental Petroleum after a Cowen upgrade. Berkshire added more shares in March.
Read this before you trade in your gas guzzler.
Aiden Pleterski led a lavish lifestyle and owned McLaren sports cars and a Lamborghini — and even rented a plush waterfront home for $45,000 a month.
This money management maven doesn't mince words when it comes to financial faux-pas.
Morningstar has put together a list of top dividend stocks held by its 'ultimate stock pickers.'
The California-based company, which sells luxury electric sedans priced at $87,000 and above, expects to complete the head count reductions by the end of the second quarter. Chief Executive Peter Rawlinson wrote in an email sent to employees Tuesday that the cuts would occur across the company’s U.S. operations and include executives. Lucid expects to incur a cost of $24 million to $30 million related to the workforce reductions.
A major real estate investment trust (REIT) has lost more than half its value since its early August 2022 highs. Medical Properties Trust Inc. (NYSE: MPW) this week is making new 52-week lows as the months-long downward slide shows no sign of stopping. The REIT is suffering, along with many others in the sector, from investors dumping shares as the banking crisis remains front-page news and the Federal Reserve keeps raising interest rates. Lower expectations for a pivot – where rates begin to go
Nvidia stock is working on its third straight daily decline on Tuesday, which has it lower for the week. Earlier this month, I called Nvidia "One of the Best Stocks to Own Right Now" in the midst of the stock rallying almost 24% amid a nine-day win streak. Simply an observation, Nvidia's perception of being one of the best stocks of 2023 is backed up by data.
Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions. AMC and Amazon declined to comment on the report.
A Texas-based franchise owner of more than two dozen Burger King locations in metro Detroit is ceasing operations in Michigan.
Investors searching for solid dividend stocks often look at a company’s dividend growth history as a guide to what to expect in the future. A company with a solid dividend growth history proves its ability to generate consistent earnings and gives an investor confidence that the dividend yield could continue to increase over time. When it comes to real estate investment trusts (REITs), many of the better ones will raise dividends perhaps once or twice per year. But consider one REIT that has dem
Home prices in January saw the smallest gain since December 2019, according to S&P CoreLogic Case-Shiller.
When El Salvador President Nayib Bukele made the controversial decision to make Bitcoin legal tender in his country, many people were skeptical and concerned about the potential risks. Bukele announced on Twitter that the country would purchase one Bitcoin (CRYPTO: BTC) each day starting Nov. 18, 2022. How is that going in 2023? The latest news out of El Salvador suggests that the government's bet on cryptocurrency is paying off. Don’t Miss: This Startup Built the World's First AI Marketing Plat
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