News

KKR Swings to 1Q Loss, Asset Management Sales Rise
KKR swung to a loss in the first quarter, but beat Wall Street expectations with adjusted earnings and asset management revenue. The New York investment firm on Thursday posted a loss of $185.9 ...
Wall Street strategists are souring on stocks. That's good news for equities, says Bank of America.
A measure of Wall Street strategist asset allocation recommendations dropped by the most in three years, which according to ...
Nasdaq leads in early trading as shares of Meta, Microsoft climb after earnings
The Nasdaq Composite led major U.S. equity indexes higher at the open on Thursday as shares of Meta Platforms Inc. and Microsoft Corp. gave the tech-heavy gauge a boost. Shares of the two tech giants ...
Bond market reacts to reports U.S. has approached China for trade talks
Thursday morning's modest rally in U.S. government debt is being partly attributed to reports that the U.S. has approached China through multiple channels seeking talks over President Donald Trump's ...
Are consumers under spending pressure? Not according to Mastercard’s earnings.
Mastercard’s CEO noted weakening consumer sentiment but said “the fundamentals that support consumer spending have been solid.” ...
CVS Stock Climbs After Wegovy Deal, Strong 1Q
Shares of CVS Health jumped after the company reported a strong first quarter and agreed to open up access to Novo Nordisk's weight-loss medication at more affordable prices. The stock was up 8.7% at ...
Here's how estimates for Apple have shifted recently
How have estimates for Apple changed in the first few months of the Trump administration? In short, analysts are more upbeat about sales for the March quarter and a bit more cautious about revenue for ...
China is Top Buyer of U.S. Soybeans in New Report
After being largely absent from last week's export sales report, China is again the leading buyer of U.S. soybeans in the Department of Agriculture's latest report.
Organon Shares Tumble on Cut Dividend, Weaker 1Q Results
The Jersey City, N.J., pharmaceutical company cut its quarterly dividend to 2 cents a share, down from the prior 28 cents a share. Chief Executive Kevin Ali said the company reset its ...
Kronos Bio Agrees to Be Acquired by Concentra Biosciences
Kronos Bio said it has agreed to be acquired by Concentra Biosciences at 57 cents per share and contingent rights for proceeds from sales of its product candidates.
Expect a conservative forecast from Amazon, BofA analysts say
Analysts tracked by FactSet expect $161.2 billion in revenue for the June quarter. But BofA analyst Justin Post thinks the company's guidance might be lower than that. He predicts a sales outlook of ...
Treasury yields drift lower as jobless claims jump
U.S. stock futures saw little reaction to Thursday's jobless-claims report, but Treasury bonds appeared to rally. Yields tied to U.S. government debt ticked lower after the data, which offered the ...