Month: October 2024

(Reuters) – Bank of America’s profit fell in the third quarter as its income from customer interest payments shrank. The second-largest U.S. bank’s net income fell to $6.9 billion, or…

Investing.com — Following the summer “risk off” period, risky assets quickly rebounded, driven by the Federal Reserve’s dovish shift, China’s stimulus measures, and stronger-than-expected US economic data. Strategists at Goldman…

NEW YORK – PNC Financial Services Group Inc (NYSE:PNC) reported third-quarter earnings and revenue that beat analyst expectations, sending shares up 1.26% in premarket trading on Tuesday. The Pittsburgh-based bank…

By Patrick Wingrove and Bhanvi Satija (Reuters) – Johnson & Johnson (NYSE:JNJ) raised its 2024 profit and sales forecasts on Tuesday after reporting strong sales of oncology drugs and quarterly…

By Supantha Mukherjee STOCKHOLM (Reuters) – Sweden’s Ericsson (BS:ERICAs) said on Tuesday the telecom equipment market is showing signs of improvement after reporting third-quarter core earnings and sales above expectations,…

Investing.com — Wolfspeed (NYSE:WOLF) shares have surged more than 25% premarket Tuesday after it announced that it will receive significant financial support, with $750 million proposed from the U.S. Department…

(Reuters) – The New York Times has sent generative AI startup Perplexity a “cease and desist” notice demanding the company stop using its content, the Wall Street Journal reported on…

(Reuters) -UnitedHealth Group reported a surge in third-quarter medical costs on Tuesday, as the company struggled with lower government payments in its insurance business and persistently high demand for medical…

(Reuters) -Boeing said on Tuesday it has entered a credit agreement worth $10 billion with a consortium of banks, as the U.S. planemaker readies financing sources amid a crippling strike…