The board battle between Norfolk Southern and activist investor Ancora Holdings Group is intensifying ahead of the company’s annual meeting next week.
Garmin Ltd.’s stock soared12% Wednesday to put it on track for its biggest one-day gain in more than four years, after the maker of navigation devices and fitness trackers swept past earnings estimates for the first quarter.
UnitedHealth Group’s dominance in the U.S. healthcare industry was in the spotlight on Capitol Hill Wednesday as its CEO faced two Congressional hearings on the cyberattack on its Change Healthcare unit.
Yum Brands’ CEO David Gibbs described “a difficult operating environment” during the first quarter.
The number of job openings in the U.S. fell to 8.5 million in March and touched the lowest level in more than three years, suggesting the demand for labor is slowly waning.
Shares of CVS Health Corp. plunged Wednesday toward their biggest selloff in 15 years, after the pharmacy and healthcare-services company missed first-quarter earnings expectations as the Medicare Advantage business weighed heavily on results.
Trend-following funds continued a run of strong performance in April, even as a selloff in stocks disrupted one of their biggest moneymaking trades.
Manufacturing PMI slumps to 49.2%, prices jump to highest since June 2022
Oil futures declined Wednesday, poised for a third straight session loss after official U.S. data revealed an unexpected weekly rise of more than 7 million barrels in domestic crude inventories.
Stocks generally produce most of their returns during the six months of the year from Nov. 1 to April 30.
The lingering effects of the COVID-19 pandemic and the Zoom revolution are continuing to shake up the workplace and have created dividing lines between the U.S. and many other developed countries.
While shares saw a somewhat muted reaction, analysts saw plenty of reason to cheer.
Kraft Heinz’s stock fell in premarket trading Wednesday, after the food and beverage brands company only matched first-quarter profit expectations and fell shy on sales, again.
