Eli Lilly and Co said on Tuesday it would take its Elanco animal health business public and posted a better-than-expected quarterly profit, helped by demand for its diabetes drugs Trulicity and Humalog.
The Nasdaq Composite hit a record high on Tuesday as Alphabet’s blowout results sparked a rally in high-growth stocks and bolstered expectations of a robust earnings season, while a rise in oil and metal prices boosted energy and material companies.
A rapid rise in the dollar has hurt second-quarter financial results and some U.S. companies are warning that the pressure could persist in future quarters.
Doug Kass, who famously called the 2009 bottom of the S&P at 666, is again bearish. New risks include the “Orange Swan”. Full Story here
Verizon Communications Inc on Tuesday reported quarterly profit and revenue that topped estimates but added fewer-than-expected monthly subscribers amid a dearth of special promotions.
Verizon Communications Inc reported better-than-expected quarterly profit and revenue on Tuesday as the No. 1 U.S. wireless carrier attracted more subscribers with unlimited data plans, sending shares higher in premarket trading.
Ford Motor Co said it would invest $4 billion through 2023 in its newly formed autonomous vehicle unit, Ford Autonomous Vehicles LLC, as it looks to produce self-driving cars in the next three years.
Biogen Inc reported far better-than-expected second quarter profit on Tuesday, driven by strong demand of its Spinraza muscle disease treatment, and the U.S. biotech company raised its full-year profit forecast.
Ford Motor Co said on Tuesday it created a new unit called Ford Autonomous Vehicles LLC as it looks to accelerate its autonomous vehicle business.
Global equity markets hit their highest in a month on Tuesday, as stellar results from Google parent Alphabet underpinned tech stocks and China promised fiscal action to support the world’s second-largest economy.
Dutch group Philips and three other consumer electronics companies were fined a total 111.2 million euros ($130 million) by EU antitrust regulators on Tuesday for imposing fixed or minimum online prices for their products.
The trade is familiar to investors worldwide: in times of turmoil, rush for cover by buying the Japanese yen.
U.S. stock indexes climbed on Tuesday and the Nasdaq hit a new record high as Google-parent Alphabet’s strong quarterly results reaffirmed expectations of a robust earnings season and sparked a rally among technology shares.
Italy’s government agreed on Tuesday to delay a reform of small banks, slowing an overhaul planned by the former center-left government and backed by the European Central Bank.
The International Monetary Fund said on Tuesday that the U.S. dollar is over-valued, China’s yuan is in line with fundamentals and nearly half of global current account balances are now excessive, adding to growth risks and trade tensions.
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