Bristol Myers Squibb (BMY) earnings Q2 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations and raised its full-year guidance as the drugmaker moves to slash costs. The pharmaceutical giant raised its […]
What to make of this week’s action in the stock market and the ‘Great Rotation’
Also: Surprising data on home prices; combining your investments with your politics; and a retirement account mistake you can avoid.
WNBA, media partners to reevaluate cost of rights after 2028 season
Connecticut Sun forward Brionna Jones (left) and Los Angeles Sparks forward Cameron Brink (22) fight for ball possession during a WNBA game between the Sparks and the Sun on June 18, 2024, at Mohegan Sun Arena in Uncasville, CT. Anthony Nesmith | Icon Sportswire | Getty Images The WNBA’s new media rights deal includes a […]
Ackman’s Pershing Square USA says IPO is still happening, despite NYSE delay notice
The timeline for the initial public offering of billionaire investor Bill Ackman’s new investment fund Pershing Square USA appeared to get a bit hazier on Friday, according to the New York Stock Exchange — though the fund claimed it was still moving ahead with the offering.
FAA approves SpaceX to resume Falcon 9 rocket launches
A Falcon 9 rocket launches a Starlink mission from Vandenberg Space Force Base in California on Jan. 31, 2023. SpaceX The Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk’s company planning to launch its next mission carrying satellites as soon as […]
Sales of $100 million homes set to double this year
A view of the Central Park Tower at 217 West 57th St. in New York City. Source: Cody Boone, SERHANT Studios A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. […]
Why CrowdStrike is likely shielded from billions in customer losses caused by its outage
The outage is believed to have caused $5.4 billion in losses for big enterprises — but various factors help insulate the cybersecurity company.
Warner Bros. Discovery sues NBA over Amazon media rights
NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC Warner Bros. Discovery sued the NBA on Friday as it tries to maintain broadcast rights for a package of live games. “Given the NBA’s unjustified rejection of our matching of a third-party […]
Mohawk Industries’ stock rallies as flooring-products maker draws upgrade on boosted profit view
Mohawk Industries Inc.’s stock jumped 16% on Friday after the maker of flooring products said it would beat analyst estimates for its third quarter and revealed plans to cut more costs, and after drawing an upgrade to buy from hold from BofA Securities.
Deadpool and Wolverine box office Thursday previews
Ryan Reynolds and Hugh Jackman star in Marvel’s “Deadpool & Wolverine.” Disney Disney and Marvel’s “Deadpool & Wolverine” has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an R-rated film. The latest entrant in the Marvel Cinematic Universe is […]
