News Highlights: Top Company News of the Day - Thursday at 11 AM ET
Peloton CEO Barry McCarthy to Step Down Amid Fresh Layoffs
An activist investor had called for McCarthy's ouster and for the fitness-equipment maker to sell itself.
ConocoPhillips's production narrowly beats analyst estimate, but profit falls slightly short
Shares ticked up premarket as the company says it plans to return $9 billion to shareholders through dividends and stock buybacks in 2024.
Shake Shack beats profit expectations as sales trends improve each month
Shake Shack Inc. on Thursday reported first-quarter profit that beat expectations and nudged up its full-year outlook, as improved margins helped offset revenue and same-Shack sales that came up a bit short.
Universal Music Artists to Return to TikTok After New Licensing Deal
The deal comes after the companies failed to reach an agreement, prompting Universal to pull all of its artists' songs off TikTok at the beginning of February.
Shell Launches $3.5 Billion Buyback
Shell's first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.
Wegovy Sales More Than Double as Demand Soars
Novo Nordisk raised its full-year guidance to reflect better pricing in the U.S. and as global demand for its hit weight-loss and diabetes drugs continues to outstrip supply.
Wayfair's stock jumps after loss narrows, with quarter ending 'on an upswing'
For the first time since before the onset of the COVID-19 pandemic, Wayfair is "seeing suppliers introducing large groups of new products into their catalogs," the company said.
Novartis to pay up to $1.75 billion for U.S. cancer-focused biotech
Novartis on Thursday said it will pay up to $1.75 billion for a U.S. biotech focused on cancer.
Moderna posts better-than-expected quarterly results as it looks to fall RSV vaccine launch
Moderna on Thursday reported a narrower-than-expected first-quarter loss as the COVID vaccine maker looks launch its second product in the U.S. later this year.
Kellanova's profit falls short of estimates but company strikes bullish tone
Kellanova, the packaged-food giant spun out of the former Kellogg, cited "tangible signs that this year's return to full commercial activity is taking hold in the marketplace."
(END) Dow Jones Newswires
May 02, 2024 11:15 ET (15:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry
-
Baidu Earnings: Advertising Weakness Offset by Continued Growth In Cloud Business
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing