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Exclusive-ADM to make layoffs soon to cut costs, sources say
Market Updates

Exclusive-ADM to make layoffs soon to cut costs, sources say

By Ana Mano (Reuters) -Global grain merchant Archer-Daniels-Midland will soon start laying off employees as part of a global effort to cut costs as low crop prices erode profit, three people briefed o...

  • January 31, 2025 10:37 PM GMT
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The Score: Starbucks, Nvidia, American Airlines and More Stocks That Defined the Week
Market Updates

The Score: Starbucks, Nvidia, American Airlines and More Stocks That Defined the Week

Starbucks is brewing up improvements to bring customers back. The coffee chain on Tuesday said its quarterly profit and same-store sales declined, but both profit and revenue came in ahead of analysts...

  • January 31, 2025 10:26 PM GMT
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Pfizer resolves conservative challenge to diversity fellowship program
Market Updates

Pfizer resolves conservative challenge to diversity fellowship program

By Nate Raymond (Reuters) - Pfizer has resolved a lawsuit by a conservative group that alleged that a fellowship program that the drugmaker established to boost the pipeline of Black, Latino and Nativ...

  • January 31, 2025 10:24 PM GMT
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Chevron and Exxon close lower, tariff impacts on Big Oil
Market Updates

Chevron and Exxon close lower, tariff impacts on Big Oil

Chevron (CVX) and Exxon Mobil (XOM) both closed lower after reporting earnings results, with steep declines in refining profits due to lower fuel margins. Josh Lipton and Julie Hyman discuss the detai...

  • January 31, 2025 10:19 PM GMT
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Tariff Threat Prompts Automakers to Find New Suppliers, Consider Higher Prices
Market Updates

Tariff Threat Prompts Automakers to Find New Suppliers, Consider Higher Prices

Thomas Kowal runs a small company that imports materials from Mexico to make center consoles, spare-tire carriers and other truck and van parts. Executives crunched numbers on the cost of switching to...

  • January 31, 2025 10:19 PM GMT
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DeepSeek Took a Bite Out of the Mag 7. Here’s What Happens Next.
Market Updates

DeepSeek Took a Bite Out of the Mag 7. Here’s What Happens Next.

News of a cheaper AI model exposes vulnerabilities for Nvidia, Amazon.com, Alphabet, and other hot-shot companies. Here’s why Wall Street’s concerns might be overblown. Continue Reading View Comments

  • January 31, 2025 10:10 PM GMT
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Investing Action Plan: A Big Week For Biotechs, Pharma And Econ, Plus Amazon And Alphabet
Market Updates

Investing Action Plan: A Big Week For Biotechs, Pharma And Econ, Plus Amazon And Alphabet

The week's investing action plan includes a strong dose of pharma and biotech earnings, January econ reports, plus Amazon and Alphabet. Continue Reading View Comments

  • January 31, 2025 10:02 PM GMT
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Costco Boosts Pay on Eve of Strike. But Unionization May Already Be in High Gear.
Market Updates

Costco Boosts Pay on Eve of Strike. But Unionization May Already Be in High Gear.

The contract between Costco and its union expires Friday night. If an agreement isn’t reached, it could trigger the first strike at the retailer in years. Continue Reading View Comments

  • January 31, 2025 09:55 PM GMT
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Eli Lilly CEO Hasn’t Bought Company Shares in Years. He Just Bought This Stock.
Market Updates

Eli Lilly CEO Hasn’t Bought Company Shares in Years. He Just Bought This Stock.

Eli Lilly CEO David Ricks, also an Adobe director, paid $1 million on Jan. 28 for 2,250 shares of the software company. Continue Reading Ver comentarios

  • January 31, 2025 09:50 PM GMT
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AstraZeneca cancels £450m investment in UK after dispute over Government support
Market Updates

AstraZeneca cancels £450m investment in UK after dispute over Government support

AstraZeneca has cancelled a planned £450 million investment in a vaccine manufacturing plant in Merseyside, saying Labour failed to match the previous government’s offer of support. The decision rever...

  • January 31, 2025 09:42 PM GMT
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