Rocket Lab reported second-quarter results on Tuesday that largely met Wall Street’s expectations.
Kategorie-Archiv: CNBC Financial News
Rivian raises 2023 EV production guidance, posts narrower-than-expected quarterly loss
Rivian now expects to build about 52,000 vehicles in 2023, more than twice the number it made in 2022.
Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
A voter this year on the rate-setting FOMC, Harker noted progress in the fight against inflation and confidence in the economy.
Stocks making the biggest moves premarket: UPS, Lucid, Beyond Meat, Novo Nordisk and more
These are the stocks posting the largest moves in premarket trading.
Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
Moody’s on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.
Italian bank shares slide after government surprises with windfall tax
Italian banking shares took a beating on Tuesday after Italy’s cabinet surprised with a 40% windfall tax on lenders‘ „excess“ profits in 2023.
Novavax shares jump after Covid vaccine maker posts surprise quarterly profit
Novavax is working to strengthen its financial position after it raised doubts about its ability to stay in business earlier this year.
Restaurant Brands‘ sales rise, fueled by Burger King and Tim Hortons growth
Burger King and Tim Hortons both reported double-digit same-store sales growth.
Eli Lilly raises full-year guidance as Mounjaro, other drugs drive second-quarter profit up 85%
Eli Lilly’s stock has been on a tear, driven by positive trial results for its Alzheimer’s drug and progress with its promising obesity drug pipeline.