Latest Financial markets News
PTC Therapeutics: Q1 Earnings Snapshot
SOUTH PLAINFIELD, N.J. (AP) — SOUTH PLAINFIELD, N.J. (AP) — PTC Therapeutics Inc. (PTCT) on Thursday reported a loss of $91.6 million in its first quarter. The South Plainfield, New Jersey-based company said it had a loss of $1.20 per share. The results exceeded...
Microsoft quarterly profit rises 20% as tech giant pushes to get customers using AI products
Microsoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive. The company reported quarterly net income of $21.93 billion, or $2.94 per share,...
How major US stock indexes fared Thursday, 4/25/2024
Stocks closed lower on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags. A sharp drop for Meta Platforms, one of Wall Street’s most influential stocks, also dragged the market lower. The...
Stock market today: Wall Street falls on double dose of disappointing economic data, as Meta sinks
NEW YORK (AP) — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook’s parent company, one of Wall Street’s most influential stocks, also hurt the market. The...
Meta Platforms, O'Reilly Automotive fall; Chipotle, TransUnion rise, Thursday, 4/25/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: Meta Platforms Inc., down $52.12 to $441.38. Facebook's parent company gave investors a disappointing revenue forecast. International Business Machines Corp., down...
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
DALLAS (AP) — Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for travel remains strong,...
Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses
OMAHA, Neb. (AP) — Union Pacific's first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight. The Omaha, Nebraska-based railroad said Thursday it made $1.64 billion, or $2.69 per...
That's rich: Rise in all-cash transactions helping drive price gains for most expensive US homes
LOS ANGELES (AP) — Well-heeled home shoppers are increasingly paying cash, helping turbo-charge price gains for the most expensive U.S. homes. The median sale price of luxury homes, or those valued in the top 5% of the market nationally, hit an all-time high $1.23 million in the...
Hess: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Hess Corp. (HES) on Thursday reported first-quarter earnings of $972 million. On a per-share basis, the New York-based company said it had net income of $3.16. The results exceeded Wall Street expectations. The average estimate of...
Lincoln Electric: Q1 Earnings Snapshot
CLEVELAND (AP) — CLEVELAND (AP) — Lincoln Electric Holdings Inc. (LECO) on Thursday reported first-quarter earnings of $123.4 million. On a per-share basis, the Cleveland-based company said it had profit of $2.14. Earnings, adjusted for one-time gains and costs, were $2.23 per...
