Eli Lilly surpasses expectations but lowers profit outlook Eli Lilly reported better-than-expected financial results for the third quarter, driven by strong demand for its diabetes drug Mounjaro. The pharmaceutical company reported earnings of $0.10 per share, surpassing estimates of a loss of $0.13 per share. Revenue also exceeded expectations, coming in at $9.50 billion compared …
A Sweeping Antitrust Lawsuit Filed Against Amazon On Oct. 27, 2021, Fred Ruckel, the sole seller of the popular cat toy called the Ripple Rug on Amazon, received an automated email from the company that would cost him thousands of dollars per day. The email informed him that his product would no longer be shown …
At the Dash conference in San Francisco on August 3, 2023, Olivier Pomel, the co-founder and CEO of Datadog, delivered a speech that captivated the audience. As the CEO of one of the most successful tech companies, Pomel shared his insights and experiences with the attendees. Datadog, a fledgling startup when Albert Wang joined as …
Striking Writers Guild of America members walk the picket line in front of Netflix offices in Los Angeles, July 12, 2023. Mike Blake | Reuters Discover the latest stock market updates: Visa – After revealing plans to restructure its shares, the credit card giant experienced a 2.5% decline in its stock price. Visa aims to …
An AMC Theatre in New York City, March 29, 2023. Leonardo Munoz | Corbis News | Getty Images Check out the companies making headlines before the bell. Yum China — Shares rose more than 3% during premarket hours as the Chinese restaurant conglomerate announced new financial targets and unveiled plans to expand to 20,000 restaurants …
Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC Etsy shares witnessed a decline of over 12% on Thursday afternoon following the company’s release of better-than-expected second-quarter results, coupled with weak guidance for third-quarter revenue and gross merchandise sales, or GMS. Let’s take a look at the company’s performance: Earnings: $0.45 per share, adjusted, surpassing …
A brief nationwide stoppage caused by an internal technical issue has been lifted and Southwest Airlines flights have resumed at Chicago Midway International Airport in Chicago on April 18, 2023, according to the U.S. Federal Aviation Authority. Southwest Airlines planes sit idle on the tarmac during this time, as seen in the image provided by …
Empty bottles of Moderna Covid-19 vaccine. Fred Tanneau | AFP | Getty Images Discover the standout companies dominating the headlines in pre-market trading. Qualcomm — The chipmaker experienced an 8.5% decline in stock value after reporting adjusted earnings per share of $1.87 on $8.44 billion in revenue for the second quarter. Analysts had predicted earnings …
Robinhood CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s initial public offering in New York City, July 29, 2021. Andrew Kelly | Reuters Discover the companies making headlines in after-hours trading. Robinhood – The trading platform’s shares declined by 4.7% following the release of …
The Amazon marketplace is a lucrative platform for millions of sellers, but the constant threat of suspension is a major concern for them. Recovering a suspended account is a costly and time-consuming process that involves proving innocence or admitting guilt and fixing the issue. In this challenging environment, illicit brokers have emerged, offering services like …