CVS Health had a mixed third quarter, with increased medical costs hurting profits. This is the first report under new CEO David Joyner, who's trying to turn things around. The company expects these costs to stay high until the end of the year. They wouldn't give a formal outlook, but will share som
On Election Day 2024, Donald Trump's Trump Media & Technology Group, the owner of Truth Social, had a rollercoaster ride. The company's stock, DJT, was halted three times after unexpected drops. The day ended with the release of the company's third-quarter earnings, showing a decrease in revenue and
Yum Brands announced its third-quarter earnings this Tuesday, falling short of what Wall Street expected. Both KFC and Pizza Hut saw their same-store sales drop more than anticipated. Here's a breakdown of the numbers: - Earnings per share hit $1. 37, missing the expected $1. 41. - Revenue came in
Microsoft's recent quarterly report showed impressive growth, but investors were underwhelmed. Despite a 16% increase in revenue and strong performance in cloud services, Microsoft is having trouble building data centers fast enough to meet the demand for artificial intelligence (AI). The tech gian
Every day at 10:20 a. m. ET, the CNBC Investing Club with Jim Cramer hosts a "Morning Meeting" livestream. Let's dive into what happened on Thursday. Tech stocks were down, with the Nasdaq and S&P 500 both losing ground. Microsoft and Meta Platforms led the decline after their earnings reports didn'
Wall Street analysts are buzzing about Amazon's third-quarter earnings. The tech giant scored big, causing its stock to jump more than 6%. Amazon Web Services (AWS), the company's cloud segment, missed some revenue predictions but still grew nearly 20% compared to last year. Amazon is spending heavi
Warren Buffett, often dubbed the Oracle of Omaha, has significantly reduced his ownership in Apple over the past few quarters. According to Berkshire Hathaway's third-quarter earnings report, released on a Saturday morning, the company held around $69. 9 billion worth of Apple shares by the end of S
Merck, a leading pharmaceutical company, shared its financial results for the third quarter of 2024, surprising some investors with better-than-expected earnings and revenue. The star of the show was Keytruda, their top-selling cancer drug, which continued to bring in strong sales. Newly launched tr
Apple has seen a 6% increase in iPhone sales for the July-September period, totaling $46. 22 billion. This boost comes after two consecutive quarters of decline, suggesting that Apple's recent focus on artificial intelligence is starting to pay off. The iPhone's success helped Apple's overall revenu
Exxon Mobil just had a quarter to remember, but not everything is rosy. The oil giant hit a production high not seen in over four decades, pumping out 3. 2 million barrels of liquids daily. However, profits took a dip, falling about 5% compared to the same time last year. Why? Blame it on refining m
