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Danaher shares declined Tuesday despite the life sciences company returning its key bioprocessing business to growth in the third quarter. Danaher’s revenue for the three months ended Sept. 27 advanced 3% year over year on a reported basis, to $5.8 billion, outpacing the LSEG consensus estimate of $5.59 billion. On an organic basis, sales were…
The U.S. 10-year Treasury yield was on the move higher again on Tuesday after Federal Reserve officials urged caution on the path of interest rate cuts. The yield on the 10-year Treasury rose nearly 2 basis points to 4.198%. Earlier Tuesday, it climbed above 4.2% for the first time in three months, after jumping 12 basis…
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters DETROIT — Investors misinterpreted a public offering on Wednesday by…
The U.S. 10-year Treasury yield rose above 4.11% on Monday as investors awaited a flurry of speeches from Federal Reserve policymakers. The yield on the 10-year Treasury rose about 4 basis points to 4.112%. The yield on the 2-year Treasury was up about 2 basis points to 3.979%. Yields and prices move in opposite directions. One…
Netflix co-founder Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Netflix shares jumped 11% on Friday morning after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Netflix reported earnings per share of $5.40…
Procter & Gamble on Friday reported weaker-than-expected revenue as lower demand in China again weighed on its sales. The company’s organic sales in Greater China, its second-largest market, fell 15% in the fiscal quarter. As home prices fall and jobless rates rise in the country, shoppers have pulled back their spending, hurting P&G’s sales for…
Medical device maker Abbott Laboratories on Wednesday delivered better-than-expected quarterly results and upped its earnings guidance for the third straight quarter. Shares rose more than 1%, shaking off an initially subdued reaction. Revenue in the three months ended Sept. 30 rose 4.9% to $10.64 billion, topping estimates of $10.55 billion, according to data provider LSEG….
Avishek Das | Lightrocket | Getty Images The price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector. Bitcoin is up more than 9% over the past week and ether is up about 7%. Other popular coins have also rallied, with solana up close…
Republican presidential candidate and former President Donald Trump’s social media platform Truth Social is shown on a cell phone in Chicago on March 25, 2024. Scott Olson | Getty Images Trump Media shares closed down nearly 10% Tuesday, after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s…
A United Airlines Boeing 737-MAX 8 aircraft departs at San Diego International Airport en route to New York on Aug. 24, 2024. Kevin Carter | Getty Images United Airlines said Tuesday that it is starting a $1.5 billion share buyback as the carrier reported higher-than-expected earnings for the busy summer travel season and forecast strong…
