Let's talk about UPS, the shipping giant that just wowed Wall Street with its latest earnings report. The company's profit soared in the latest quarter, beating what analysts expected. This happened after UPS said goodbye to its truckload brokerage business, Coyote Logistics. Shares of the company j
Thursday, October 24, was a day full of surprises in the stock market. The S&P 500 was trying to bounce back from a losing streak, thanks to lower bond yields. This gave some relief to stocks, which had been suffering from rising yields despite the Federal Reserve's efforts to ease monetary policy.
IBM's stock took a dip in after-hours trading on Wednesday, slipping around 3%. The reason? The tech giant didn't quite meet Wall Street's expectations for quarterly revenue. Let's dive into the details. IBM reported earnings per share of $2. 30, just a touch higher than the $2. 23 analysts had pre
Boeing’s new CEO, Kelly Ortberg, has big plans to turn things around. He wants the company to be leaner and make higher-quality planes. But right now, Boeing is facing a big problem: a strike by thousands of workers. These machinists are upset about their contract and have been picketing outside a B
Get ready, investors! Amazon is gearing up to share its Q3 earnings on October 31. Experts are predicting a nice jump in revenue, around 11%, pushing it to a cool $157. 16 billion. That's not all—earnings per share are expected to soar by 32%, reaching $1. 14. Meet Amrita, a smart cookie managing a
ASML, a key player in the chip industry, recently shared some interesting insights. Its CEO mentioned that China might be able to produce chips using the advanced 5nm and 3nm nodes, but only on a small scale. He explained that this would be done using older technology, which is a bit like trying to
General Motors (GM) is about to reveal its financial performance for the third quarter of 2024. Investors and financial analysts are eagerly awaiting the results. By the estimates of LSEG, the expectation is that GM will report earnings per share of $2. 43, adjusted. This figure represents a notable
Here's what happened with some big stock players today before the market opened. First up, The Cheesecake Factory saw its shares jump over 3% after an activist investor stepped in. This investor thinks the company should spin off three of its brands. On the other hand, General Motors' shares dipped
Tesla is gearing up to share its latest earnings report this Wednesday. This quarterly check-in is always exciting because it lets investors ask Tesla's CEO, Elon Musk, about his plans. One hot topic is how Tesla will bump up sales of its older electric cars while exploring artificial intelligence a
CVS Health has seen some big changes at the top. On Friday, the company announced that Karen Lynch is stepping down as CEO. She's been replaced by David Joyner, who was the president of CVS Caremark. This move comes after CVS had to warn that its earnings will miss Wall Street's expectations for the
