Moderna, Pfizer stocks fall as Covid omicron wave subsides in U.S. Via CNBC.com: Shares of the major Covid vaccine makers fell on Monday, as the unprecedented wave of omicron infections eased, with new cases rapidly dropping across the country. Moderna plunged more than 11%, the biggest decline in the S&P 500 Monday. Pfizer tumbled nearly 2% and its partner BioNTech slid more than 9%, while Novavax was off more than […]
Unilever CEO warns of ‘substantial price increases' Via CNBC.com: Unilever has ruled out any “transformational” acquisitions for the foreseeable future after its failed bid for GlaxoSmithKline’s consumer arm drew heavy investor criticism and sent its share price tumbling. The maker of Dove soap and Ben and Jerry’s ice cream said on Thursday it had listened to investor concerns about the potential £50 billion ($68 billion) deal, and had instead decided […]
Lyft posts revenue beat but falls short on riders Via CNBC.com: Lyft reported fourth-quarter results after the bell on Tuesday. It beat estimates on adjusted earnings per share and revenue but said it had fewer active riders than in the prior quarter. Shares were down more than 6% in after hours trading after executives said the omicron coronavirus variant would weigh on first quarter numbers. Here are the key numbers: […]
Tequila could overtake vodka as America’s favorite liquor as sales boom Via CNBC.com: Tequila could soon overtake vodka as America’s favorite liquor, fueled by consumers’ desire for pricey bottles of agave-based spirits. Tequila and mezcal was the second-fastest growing spirits category in 2021, trailing only premixed cocktails. Agave-based spirits saw sales climb 30.1% compared with the prior year to $5.2 billion, according to the Distilled Spirits Council of the U.S. […]
Delta asks the Justice Department to put unruly travelers on a ‘no-fly’ list Via CNBC.com: Delta Air Lines’ CEO Ed Bastian asked the U.S. Department of Justice to put convicted unruly travelers on a national “no-fly” list, the airline’s latest effort to deter aggressive behavior on flights that have surged during the pandemic. Bastian said that while such incidents are rare, a “no-fly” list “will help prevent future incidents and […]
Facebook’s $237.6 billion fall sets record for largest one-day value drop Via CNBC.com: Facebook parent Meta lost more than $237 billion in value Thursday. That’s the biggest one-day drop in value in the history of the U.S. stock market. Meta’s plunge, based on a weaker-than-expected revenue forecast, topped the prior record set by Apple, when it lost $182 billion in market value in September 2020. The seven biggest drops in […]
Ford shares fall after fourth-quarter earnings significantly miss Via CNBC.com: Ford Motor’s shares slid after it reported fourth-quarter earnings Thursday that significantly missed Wall Street’s earnings expectations and slightly missed on revenue. The company’s shares tumbled by more than 6% in after-hours trading. The stock closed Thursday at $19.89 a share, down by 3.6%. Here’s how Ford performed in the fourth quarter, compared with analysts’ estimates as compiled by Refinitiv: […]
M&M's signature characters to be given makeovers, become 'more inclusive' Via Just The News: The maker of M&M's candy has announced that its globally recognizable characters are about to be revamped in light of modern standards and will each receive more "nuanced personalities." Mars Incorporated, the company behind the colorful, crunchy chocolates, announced Thursday a new "global commitment to creating a world where everyone feels they belong and society is […]
Starbucks says will no longer require vaccine or testing for employees Via Just The News: Starbucks has opted to do away with its COVID-19 vaccine requirement following a decision last week by the Supreme Court that blocked the Biden administration's attempt to mandate vaccine requirements for large U.S. companies. "We respect the court’s ruling and will comply," John Culver, chief operating officer for the major coffee shop chain, said Tuesday. […]
