By Saeed Azhar (Reuters) – Bank of America expects the Federal Reserve to hold interest rates steady this year and into next year, CEO Brian Moynihan said on Tuesday. “It takes multiple years to squeeze inflation out,” and the Fed’s efforts to tame inflation will most likely last until 2026, Moynihan told a conference in …
BofA CEO expects Fed to hold on rates, urges simpler regulation Read More »
(Reuters) -Walgreens said it had entered into a settlement agreement with telemedicine provider Everly Health Solutions as part of which the pharmacy chain operator will pay the company $595 million over a contract dispute for COVID-19 testing. The settlement, payable within two business days, comes after a judge in Delaware recently ruled against Walgreens’ bid …
Walgreens to pay $595 million to settle COVID test contract dispute Read More »
(Reuters) – Caesars Entertainment on Tuesday swung to a fourth-quarter profit from a year-ago loss, driven by strong performance from its casino operations in Las Vegas. The Reno, Nevada-based casino operator, active in both casino and online gambling segments, has seen a surge in occupancy at its Las Vegas properties. “As we look ahead to …
Caesars Entertainment swings to fourth-quarter profit on strong Las Vegas business Read More »
(Reuters) – AMC Entertainment topped Wall Street estimates for quarterly revenue on Tuesday, boosted by wildly popular releases including “Moana 2” and “Wicked” that helped draw a strong crowd of moviegoers. Shares of the company rose about 3% in extended trading after it reported a 20% jump in attendance in theaters in the fourth quarter. …
AMC tops revenue target as box office hits drive strong demand Read More »
(Reuters) – Solar panel maker First Solar forecast higher current-year sales, and posted a rise in fourth-quarter profit on Tuesday, and said it has initiated legal action against JinkoSolar for patent infringement. Shares were up 3.8% $153.00 in extended trading. The Biden administration had imposed a round of tariffs on solar panel imports from four …
First Solar forecasts higher 2025 sales, initiates legal action against JinkoSolar Read More »
(Reuters) -Workday beat Wall Street expectations for fourth-quarter revenue on Tuesday, driven by an increase in demand for its subscription services due to a resilient job market, sending its shares up over 9% in extended trading. The company reported a 16% increase in subscription revenue to $2.04 billion for the fourth quarter, while analysts were …
Workday beats quarterly results estimates on steady demand for subscription services Read More »
SAO PAULO (Reuters) – Brazilian plane maker Embraer said on Tuesday its board approved an additional four-year pause in the development program of E175-E2 jet, according to a securities filing. Embraer said the decision is related to discussions in the United States over the maximum take-off weight limitation for up to 76 seats aircrafts, as …
Brazil’s Embraer approves additional pause in the development of E175-E2 jet Read More »
(Reuters) – Cava Group on Tuesday forecast annual same-store sales growth largely below estimates as weak demand for dining out in the United States forces restaurants to take a cautious stance on their expectations for the year. Consumers are expected to continue being watchful about spending on dining out in 2025, wary of inflation and …
Cava Group’s annual sales growth target falls short of estimates Read More »
(Reuters) – Axon Enterprise forecast its annual revenue above estimates on Tuesday, following robust quarterly results, banking on sustained strong demand for its software products and TASER devices. The company’s shares rose 13% in extended trade. Axon expects full-year 2025 revenue to be between $2.55 billion and $2.65 billion, the midpoint of which is higher …
Axon Enterprise forecasts strong 2025, beats quarterly expectations Read More »
(Reuters) – McDonald’s said on Tuesday it would not impose any surcharges when serving eggs as part of its meals and will also launch $1 McMuffins on its app, in a move to attract consumers in the United States. “Unlike others making news recently, you definitely WON’T see McDonald’s USA issuing surcharges on eggs, which …
McDonald’s brushes off surcharges on eggs to attract customers Read More »
