These are the stocks posting the largest moves in extended trading.
Kategorie-Archiv: CNBC Financial News
This is the level where the 10-year Treasury yield becomes a ‚clear problem‘ for stocks, Goldman study shows
Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.
NYCB shares jump after new CEO gives two-year plan for ‚clear path to profitability‘
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
Pfizer beats revenue estimates, raises profit outlook on cost cuts and smaller-than-feared drop in Covid drug sales
The pharmaceutical giant’s quarterly results also benefited from a smaller-than-feared drop in sales for its Covid antiviral pill Paxlovid.
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
KFC and Pizza Hut reported same-store sales declines, while Taco Bell’s same-store sales rose just 1%.
CVS shares plummet 18% as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
Luxury carmaker Aston Martin slumps 6% as losses nearly double
Adjusted loss before tax was £110.5 million ($137.8 million) compared to a loss of £57.3 million the previous year.
Bonds offer income and some volatility protection. Pick out the right bond fund for your portfolio
Having a diversified portfolio means you should have some of your money in bonds. Here’s what to know
HSBC beats expectations in first quarter earnings; CEO Noel Quinn to retire
The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.
Eli Lilly beats on quarterly profit, hikes full-year guidance on strong sales of Zepbound, Mounjaro
Zepbound reported $517.4 million in sales for the quarter, even as most doses of the drug slipped into shortages in the U.S.