- Wayfair shares surge after furniture retailer cuts losses by more than $100 millionon May 2, 2024 at 8:28 pm
Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.
- Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debton May 2, 2024 at 8:27 pm
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.
- Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bidon May 2, 2024 at 8:19 pm
Sony and Apollo showed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.
- Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take holdon May 2, 2024 at 8:00 pm
The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from the expected launch of its RSV vaccine.
- Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald'son May 2, 2024 at 11:27 am
Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.
- Carvana shares spike 30% as used car retailer posts record first quarteron May 2, 2024 at 9:53 am
Carvana reported record first-quarter results Wednesday that beat Wall Street's top- and bottom-line earnings expectations for the online used car retailer.
- Viking shares rise 8% after cruise line operator's market debuton May 1, 2024 at 8:57 pm
The company's initial public offering coincides with a strong rebound in cruise bookings.
- Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.on May 1, 2024 at 8:23 pm
The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management.
- CVS shares plummet as health company slashes profit outlook on higher medical costson May 1, 2024 at 8:19 pm
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
- Pfizer beats earnings estimates, raises outlook on cost cuts and smaller-than-feared drop in Covid drug saleson May 1, 2024 at 8:18 pm
The pharmaceutical giant's quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.