Bristol Myers Squibb plans $2 billion in cost cuts by 2027, issues weak guidance
The company also issued a 2025 guidance that fell short of expectations, as some of the company's older drugs face…
Category: Economy
Peloton posts better than expected holiday sales thanks in part to Costco
Peloton has shifted its focus to boosting profitability at the expense of growing sales by cutting marketing and other administraitive…
Eli Lilly posts mixed quarter even as demand for weight loss, diabetes drugs soars
The results were consistent with the preliminary results Eli Lilly shared in January, which disappointed investors. ...
Nissan and Honda shares rise as report says automakers may call off merger talks
Honda and Nissan are considering calling off their merger talks, Japan's Asahi Shimbun reported on Wednesday citing several sources. ...
Fed Vice Chair Jefferson advocates remaining cautious on rates as policy drama unfolds
Jefferson echoed recent statements from other officials that it's in the Fed's best interest to move slowly as it evaluates…
AMD reports profit beat, but misses on data center revenue
AMD reported better-than-expected results on Tuesday, but data center revenue trailed analysts' estimates ...
Trump says U.S. will ‘take over’ Gaza to develop it, and Palestinians should leave
The Palestinian territory Gaza has been destroyed by 15 months of war with Israel. Trump said the United States would…
Alphabet shares drop as much as 9% on revenue miss, soaring AI investments
Alphabet reported fourth-quarter earnings on Tuesday after the close of regular trading. ...
Steelmakers may benefit from Trump trade salvos, but Wall Street warns of longer-term headwinds
Trump's tariffs could give steel companies more pricing power, but weaker demand could weigh on the stocks longer term, Wall…