Business

Bristol Myers Squibb Witnesses Strong Demand For ‘Newer Drugs’ As Q2 Earnings Beat Expectations, Raises 2024 Profit Forecast Friday, Bristol Myers Squibb & Co (NYSE:BMY) posted second-quarter revenues of $12.20 billion, beating the consensus of $11.55 billion, an increase of 9% year-over-year, or 11% when adjusted for foreign exchange impacts, primarily driven by the Growth Portfolio and Eliquis. […]

Check out the companies making headlines before the bell. CrowdStrike — Shares of CrowdStrike were up nearly 2% after CEO George Kurtz said that more than 97% of Window sensors were back online after last week’s global IT outage. However, the stock is on pace for a 17% week-to-date decline. Semiconductor stocks — Nvidia , […]

David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho. David Grogan | CNBC Comcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you’re selling, I’m not buying. “Instead of engaging in a process to buy content […]

Analyst Profile John D. Staszak, CFA Securities Analyst: Consumer Discretionary & Consumer Staples John’s specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has […]

Analyst Profile John Eade President & Director of Portfolio Strategies John is chairman and CEO of Argus Research Group and president of Argus Research Company. Over the years, his responsibilities at Argus have included chairing the Investment Policy Committee as then director of research; helping form the firm’s overall investment strategy; writing a weekly investment […]

The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations and raised its full-year guidance as the drugmaker moves to slash costs. The pharmaceutical giant raised its […]

The Paris 2024 logo representing the Olympic Games is displayed near the Eiffel Tower in Paris on April 21, 2024, in anticipation of the 2024 Paris Olympic Games and Paralympic Games. Chesnot | Getty Images The Paris Olympics will offer Comcast another chance to lift its streaming platform, Peacock, as it aims to not only […]

FedEx operates nearly 400 freighter aircraft but will soon downsize U.S. flight operations after losing a large contract with the U.S. Postal Service. Pilots are expected to see a substantial reduction in pay with fewer flights scheduled. (Photo: Shutterstock/John Gress Media) FedEx Corp. plans to significantly slash daily flights and the number of U.S. cities […]

Super Micro Computer (NASDAQ: SMCI) stock is sinking in this week’s trading. The high-performance server specialist’s share price was down 12.7% from last week’s close heading into this Friday’s market opening, according to data from S&P Global Market Intelligence. Tech stocks continued to pull back this week as investors assessed risks related to geopolitical dynamics […]

US stocks rose before the bell on Friday, poised for another comeback bid as investors waited for crucial inflation data that will test high expectations for interest-rate cuts. Dow Jones Industrial Average futures (YM=F) added 0.5%, or about 200 points, after the blue-chip index eked out a closing gain. S&P 500 futures (ES=F) rose about […]

Cash Crash: All-Cash Offers Tumble As Housing Market Shifts Remember the crazy housing market during the pandemic when investors with bulging wallets swooped in, buying houses with piles of cash? Now, things are starting to cool down. Investor cash purchases dropped to 64% in the first quarter of 2024, according to a recent Realtor.com report. […]

(Reuters) – Nasdaq futures jumped 1% on Friday as megacap tech and chip stocks bounced back after a drubbing earlier this week, while investors hoped for a further let-up in inflation in a crucial data release later in the day. Megacap tech stocks including Apple, Nvidia, Alphabet, Microsoft, Meta Platforms, Amazon.com and Tesla were up […]