Hershey’s stock slides on Q2 sales and earnings miss as consumers pull back on discretionary spending
Hershey also lowered its 2024 guidance, and expects a decline in sales this year.
Stock of former Weight Watchers sinks below $1 after a surprise loss
Revenue drops below expectations and full-year outlook was cut
Kellanova stock climbs on Q2 top and bottom-line beat, raised outlook
Shares of Kellanova rose 4.6% premarket after the food giant reported better-than-expected second-quarter results and raised its 2024 outlook.
Crocs’s stock drops on Q3 profit warning
The footwear maker has seen a 44% gain this year in its share price.
Markets are clamoring for the Fed to start cutting soon: ‘What is it they’re looking for?’
Markets are pricing in an aggressive path for interest rate cuts starting in September.
U.S. productivity rebounds sharply in second quarter
Unit labor costs moderate
Jobless claims jump to nearly one-high of 249,000— but it’s not as bad as it looks
The number of Americans who applied for unemployment benefits last week jumped to a nearly one-year high of 249,000, but the part of the increase...
ConocoPhillips’ stock gains after a profit beat, as production rose to a record
ConocoPhillips’ stock rallied Thursday after the oil giant reported second-quarter profit that beat expectations and said it reached record production.
Drugmaker Biogen boosts profit outlook on ‘momentum’ for new drugs
Biogen also beat Wall Street’s Q2 adjusted profit estimate, although its net income dropped.