Summary: CVS Health beats profit expectations on Wall Street despite rising costs in its insurance division.
Full articleSummary: Coca-Cola HBC AG reported strong organic revenue growth of 13.8% for the twelve months ended 31 December 2024, driven by growth in volumes, price, and mix. The company also saw strong organic EBIT growth of 12.2% and made further investment across its strategic priorities, focusing on sustainability and ESG leadership.
Full articleSummary: Philip Morris International reports strong duty-free revenue growth in 2024 financial results, fueled by surge in demand for smoke-free products like IQOS and ZYN. Smoke-free business accounts for 40% of total net PMI revenues.
Full articleSummary: CVS Health Corp (NYSE: CVS) has shown progress in stabilizing its Aetna business, particularly in Medicare Advantage, which is expected to improve margins. The CFO noted improvements in Medicare trends and expressed caution for 2025, focusing on understanding membership mix changes.
Full articleSummary: NASA is considering bringing Boeing astronauts back earlier due to a SpaceX capsule switch-up.
Full articleSummary: Bank of America analysts suggest that the latest CPI report indicates a need for the Federal Reserve to maintain current interest rates rather than cutting them. Inflation exceeded the 2% target and unemployment rates were near 3% in January.
Full articleSummary: Boeing (BA) astronauts aboard the ISS facing return delays see earlier return schedule, positive stock movement, and fewer layoffs in connection with SLS program.
Full articleSummary: Boeing sees strongest January deliveries in months as production increases.
Full articleSummary: Broadcom Inc. is experiencing remarkable growth in the AI infrastructure market, with a 51% year-over-year revenue increase in fiscal Q4 2024 and anticipated revenue of $14.6 billion in early 2025. Partnerships with tech giants like Google, Meta, and ByteDance underscore Broadcom's influence, with potential market reach to $90 billion by 2027. Analysts foresee heightened demand for Broadcom's ASICs as AI technology expands.
Full articleSummary: US stocks wavered on Monday despite strong monthly and quarterly gains as investors reacted to Jerome Powell's commitment to support the economy while signaling no rush for future rate cuts. Market preparing for crucial September jobs report.
Full articleSummary: Bank of America strategists believe that the upcoming U.S. jobs report will likely push stocks to more record highs due to expectations of a soft landing in the economy and low bar for a relief rally.
Full articleSummary: Costco reported the strongest Q2 results among large-format grocery & general merchandise retailers, with revenues up 9.1% year on year and stock price up 11.3% since reporting.
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