Molson Coors Brewing (TAP), the brewer of beers Heineken and Foster's, said Q4 EPS fell 1.4% to 68 cents, missing views by 4 cents. Sales dipped 0.2% to $1.02 bil, beating views for $1.01 bil. Molson Coors raised its quarterly dividend 15.6% to 37 cents. Shares rose 2.7% to 54.53.
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Microsoft, which overtook Apple as the world's most valuable company earlier this year, is looking to cement its AI market leadership.
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
This is what could happen next to Amazon shares.
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Bitcoin block subsidies were recently reduced by half for the fourth time in history, and halving events have always led to significant price appreciation.
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing financial market expectations that the Federal Reserve would delay cutting interest rates until September. The Commerce Department's snapshot of first-quarter gross domestic product on Thursday is expected to show consumers still doing the heavy lifting for the economy, thanks to a resilient labor market. The economy has defied prophecies of doom since late 2022 following the U.S. central bank's aggressive rate hiking campaign to snuff out inflation.
Intel stock bulls will need to remain patient, with multiple quarters to go before the chip company gains traction for a bet-the-company push to compete with Taiwan Semiconductor Manufacturing and Samsung in the chip-manufacturing business. Meanwhile, Intel’s first-quarter-earnings report, due after the close of trading Thursday, could show signs of improving demand from the PC segment. Citi analyst Christopher Danely, while maintaining a Neutral rating on Intel shares, recently launched an “upside catalyst watch” on the stock, which is down 32% year to date, largely due to recent disclosures of larger-than-expected losses on the company’s foundry business.