everydayread.net

European Central Bank posts first annual loss in two decades

Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany.Thomas Lohnes | Getty Images News | Getty ImagesTh...

TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker says turnaround is taking hold

An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter.But...

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight heari...

Morgan Stanley delivers a much-needed rebound quarter and eases concerns about a key overhang

Morgan Stanley delivered mostly better-than-expected first-quarter results Tuesday morning — a much-needed report for the bank, whose stock has l...

Business

Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales

Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sal...

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy sh...

How Dana Walden could defy critics and become Disney’s first female CEO

Dana Walden, co-chair of Disney EntertainmentRich Polk | Getty ImagesIn 1994, a captain of the media and entertainment industry saw something in ...

Venu, a $42.99 per month sports streamer, has a tough marketing challenge to find an audience

Actor Jon Hamm playing Don Draper in Mad Men.Michael Yarish | AMC | APCall Don Draper, Venu Sports may have a marketing problemThe Disney, Fox an...

UK economy slipped into technical recession at the end of 2023

Skyline view of the City of London financial district.Mike Kemp | In Pictures | Getty ImagesLONDON — The U.K. economy slipped into a technical re...

Dexcom shares plummet almost 40% after company misses on revenue, lowers guidance

The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesShares of Dexcom tum...

ETFs are on pace to break record annual inflows, but this wild card could change it all

Exchange-traded fund inflows have already topped monthly records in 2024, and managers think inflows could see an impact from the money market fu...

Earnings

Porsche warns of fall in profitability but hikes dividend on strong 2023 results

The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.Arjun Kharpal | CNBCPorsche on Tuesday warned that profitabilit...

Industrial AI play Dover falls on a noisy quarter. Here’s why we’d buy the dip

What to do with Honeywell stock after its sharp post-earnings pullback

Dexcom shares fall on slow revenue growth

Latest

Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say

Chinese autonomous driving company WeRide listed on the Nasdaq on Friday, Oct. 25, 2024.China News Service | China News Service | Getty ImagesBEI...

Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) foru...

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines posted a third-quarter loss but raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy sh...

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street’s third-quarter expectations

Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesD...

Watch CFPB Director Rohit Chopra speak at DC Fintech Week

[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]Rohit Chopra, director of th...

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo:...

Industrial AI play Dover falls on a noisy quarter. Here’s why we’d buy the dip

Dover on Thursday reported weaker-than-expected third-quarter results, pressuring shares of the industrial conglomerate with ties to AI data cent...

CDC says 75 people affected in E. coli outbreak linked to McDonald’s Quarter Pounders

A deadly E. coli outbreak linked to McDonald's Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention ...

Chart analyst Carter Worth breaks down his most important technical indicator

There are many technical indicators for traders to choose from. For Carter Worth, there is one that stands out above all others: volume."A lot of...

German finance minister warns of retaliation if U.S. kicks off trade war

Christian Lindner, Germany's finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the ...

What to do with Honeywell stock after its sharp post-earnings pullback

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter result...

What McDonald’s needs to do next after E. coli outbreak

In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood ...

Economy

Falling fertility rates pose major challenges for the global economy, report finds

Terry Vine | Getty ImagesFalling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implica...

Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash

A delegate arrives at the King Abdulaziz Conference Centre in Saudi Arabia's capital Riyadh to attend the Future Investment Initiative (FII) foru...

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo:...

German finance minister warns of retaliation if U.S. kicks off trade war

Christian Lindner, Germany's finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the ...

U.S., China trade tariffs escalating would be ‘costly for everybody,’ IMF deputy director says

An escalation of trade and tariffs tensions between the U.S. and China would have "costly" economic consequences around the world, Gita Gopinath,...

Finance

KKM Financial’s Essential 40 stock fund is now an ETF

Admin—October 22, 2024 0

The Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty ImagesKKM Financial has converted its Ess...

Why a stock picking approach to small caps may boost performance right now

October 20, 2024

Why 401(k) plans are the ‘final frontier’ for exchange-traded funds

October 18, 2024

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

October 16, 2024

Earnings

Embattled Abbott Labs comes through with a strong quarter, buybac...

Admin—October 22, 2024 0

Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the th...

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

October 20, 2024

Procter & Gamble earnings beat estimates, but weak demand in China hurts sales

October 19, 2024

Netflix third-quarter subscribers barely beat estimates as ad-tier members jump 35%

October 18, 2024

Economy

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpa...

Admin—October 22, 2024 0

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe Biden administration rang up a budge...