CVS Health reported mixed third-quarter results, with higher medical costs impacting its profits. The new CEO, David Joyner, emphasized the importance of credibility and trust with investors. The company did not provide a formal outlook due to ongoing medical cost pressures. Wall Street has lost confidence in CVS after guidance cuts, leading to pressure from…
Former U.S. President Donald Trump’s media company, Trump Media & Technology, saw a rise in its stock on Election Day, as traders speculated that a potential second Trump presidency would benefit the company. The stock, trading under the ticker DJT, is also seen as a gauge of the Republican candidate’s chances of winning the White…
Boeing machinists in Seattle, Washington, have approved a new labor deal after more than seven weeks of striking. The new contract includes a 38% wage increase over four years and other benefits. This approval is a relief for Boeing’s CEO, Kelly Ortberg, who has been navigating safety and manufacturing crises. President Joe Biden congratulated both…
TGI Fridays, a popular American casual dining chain, has filed for Chapter 11 bankruptcy protection due to financial challenges exacerbated by the COVID-19 pandemic and a failed deal with UK-based Hostmore. The company, privately owned by TriArtisan Capital Advisors, operates 39 domestic restaurants and is committed to maintaining operations. The restructuring aims to optimize corporate…
Voters in the U.S. are heading to the polls for a close presidential race between Kamala Harris and Donald Trump, causing some uncertainty among business leaders. Executives at S&P 500 companies are discussing the election more than in recent cycles, with many mentioning the word “election” on earnings calls. Companies are cautious due to election…
Next week in the market, investors should pay attention to the Federal Reserve meeting and earnings reports from companies like Super Micro Computer. However, CNBC’s Jim Cramer believes that the focus will primarily be on the upcoming presidential election. He highlighted key earnings reports from Berkshire Hathaway, Constellation Energy, Palantir, Builders FirstSource, Ferrari, CVS, Arm…
The upcoming U.S. presidential election on Nov. 5th could have a significant impact on the stock market. Both former President Donald Trump and Vice President Kamala Harris are in a dead heat according to the latest polls, but the market seems to be anticipating a Trump victory based on recent performance in financial stocks and…