News Blog

Bristol Myers second-quarter results beat expectations, helped by new drugs

 Drugmaker Bristol Myers Squibb posted better-than-expected second-quarter results, driven by growth from new products like anemia treatment Reblozyl and heart drug Camzyos as well as from its top-seller, blood thinner Eliquis.

3M raises annual profit forecast on cost cuts, demand recovery

Industrial conglomerate 3M raised the lower end of its annual adjusted profit forecast on Friday, looking to benefit from its restructuring measures and increasing demand for electronics, sending its shares up more than 7% before the bell.

Colgate Stock Is Rising After Earnings. Here’s Why.

Shares of Colgate-Palmolive were rising after the consumer products company topped quarterly estimates and raised its financial guidance.

Deckers surges as blowout Q1 earnings fuels FY guidance hike

Deckers Outdoor lifted guidance after reporting Thursday better-than-expected fiscal first quarter results, driven by “robust” demand for Hoka and Ugg brands. 

Under pressure in China, Mercedes trims profit outlook

Mercedes-Benz lowered its annual profit margin forecast after weak second quarter sales and earnings on Friday but expects new models to help it battle stiff competition in China in the second half of the year.

Apple’s iPhone elbowed out of top 5 in China by domestic smartphone rivals

Apple dropped out of the top five smartphone sellers in China for the first time in four years in the second quarter, with the iPhone losing ground to models from domestic handset makers including Huawei.

Exclusive: Walmart looks to bet $200 million on autonomous forklifts

Walmart has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse operations, according to three people familiar with the matter.

Umicore books €1.6bn writedown on ‘sharp slowdown’ in electric vehicle sales

Belgian chemicals group Umicore has taken a €1.6bn impairment on its battery materials business as a “sharp slowdown” in global electric car sales rips through the supply chain.

Παύλος Μυλωνάς (Εθνική Τράπεζα): Ισχυρή ζήτηση για επιχειρηματικά και στεγαστικά δάνεια – Μερισματική απόδοση 4,5%

Ισχυρή ζήτηση για επιχειρηματικά και στεγαστικά δάνεια αναμένει ο CEO της Εθνικής Τράπεζας Παύλος Μυλωνάς, όπως ανέφερε μιλώντας στην ετήσια γενική συνέλευση των μετόχων της τράπεζας.

Επταετές ομολογιακό 300 εκατ. ευρώ εξέδωσε η ΑΒΑΞ

Η συγκεκριμένη κίνηση εντάσσεται στη στρατηγική του Ομίλου ΑΒΑΞ, με την θυγατρική ΑΒΑΞ Παραχωρήσεις ΜΑΕ, εταιρία συμμετοχών σε έργα Παραχωρήσεων και ΣΔΙΤ, να αναλαμβάνει η ίδια τη χρηματοδότηση για την υλοποίηση των αναπτυξιακών και επενδυτικών της σχεδίων.

Intracom: Πούλησε το 27,6% της Κλουκίνας – Λάππας έναντι 11.106.255 ευρώ

Την πώληση του ποσοστού (27,614%) που κατείχε (άμεσα) στην εταιρεία ανακοίνωσε η Intracom Holdings, έναντι 11.106.255 ευρώ συνολικά

Προϋπολογισμός: Φορολογικά έσοδα 29,2 δισ. στο εξάμηνο – Ποιοι φόροι υπεραπέδωσαν

Πρωτογενές πλεόνασμα 2.905 εκατ. ευρώ, έναντι στόχου για πλεόνασμα 1.204 εκατ. ευρώ και έναντι πλεονάσματος 2.116 εκατ. ευρώ για την ίδια περίοδο το 2023 κατέγραψε ο κρατικός προϋπολογισμός την περίοδο Ιανουαρίου-Ιουνίου 2024, σύμφωνα με τα τελικά στοιχεία που ανακοίνωσε το Υπουργείο Εθνικής Οικονομίας και Οικονομικών.

Αλμα 3,9 δισ. στις καταθέσεις τον Ιούνιο, «γκαζώνουν» τα δάνεια

Στα 194,8 δισ. ευρώ εκτινάχθηκαν οι καταθέσεις νοικοκυριών και επιχειρήσεων, σύμφωνα με την ΤτΕ. Επιταχύνονται οι χορηγήσεις με καθαρή άνοδο των χρηματοδοτήσεων κατά 2,46 δισ. ευρώ.

U.S. economy grew at a 2.8% pace in the second quarter, much more than expected

Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department.

Harley-Davidson’s profit beats on strong demand for pricier Touring bikes

Harley-Davidson reported a better-than-expected quarterly profit on Thursday, helped by strong demand for its pricier Touring bikes during the summer riding season, sending the company’s shares up about 5% before the bell.

Nestle cuts sales guidance amid struggle to win back shoppers

Nestle SA lowered its sales outlook for the year as consumers balk at price increases on branded food, water and pet-care products that had driven revenue growth during a post-pandemic bout of inflation.

American Airlines cuts annual profit forecast on pricing pressures

American Airlines cut its annual profit forecast on Thursday as uneven demand trends and overcapacity in certain markets dampened the carrier’s pricing power, sending its shares down 8% in premarket trading.

Kering shares fall even further as Gucci owner posts 20% drop in sales

Kering shares tumbled on Thursday after the Gucci owner reported a sharp drop in second-quarter sales and said it could see a 30% slump in firm-wide profits in the second half of 2024.

Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue

Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually the most lucrative period of the year.

Ford saw a $1.1 billion loss in its EV business, dragging Q2 profit well below Wall Street forecast

Shares of Ford Motor Co. fell 11.6% in the extended session Wednesday after the car maker reported quarterly profits well below Wall Street’s expectations and notched another billion-dollar loss on EVs.