An exterior view of a CVS pharmacy in Danville, Pennsylvania. Paul Weaver | Lightrocket | Getty Images CVS Health on Wednesday reported fourth-quarter revenue and profit that topped estimates, even as its troubled insurance business continued to see higher medical costs. The company also issued a full-year 2025 adjusted earnings outlook of $5.75 to $6 … Read more
Mark Lenhard, CEO of U.K.-based remittances platform Zepz. Lukas Schulze | Sportsfile for Web Summit via Getty Images LONDON — British digital remittances company Zepz is laying off dozens of IT workers and is in the process of closing down business units in Poland and Kenya. Roughly 200 staff members will be impacted by the … Read more
NXP Semiconductor is headed for better times after a difficult two years, according to Morgan Stanley. Analyst Joseph Moore upgraded the stock to overweight from equal weight. His new price target of $257 implies shares gaining 21.8% from Tuesday’s close. The Dutch chipmaker has lagged the rest of the industry because it held back on … Read more
A Spirit airlines plane is prepared for flight as it sits by a gate at the Miami International Airport on July 27, 2022 in Miami, Florida. Spirit Airlines Inc. shareholders are voting whether to merge with Frontier Airlines or JetBlue Airways Corp. Joe Raedle | Getty Images Spirit Airlines on Tuesday rejected Frontier Group’s acquisition … Read more
India’s central bank held its key interest rate for a seventh straight policy meeting on Friday as growth in the economy is expected to remain robust while inflation stays above the 4% target. Bloomberg | Bloomberg | Getty Images India’s headline inflation dipped year-on-year for a third straight month to 4.31%, providing more room for … Read more
Alice Weidel, chancellor candidate of the far-right Alternative for Germany (AfD) political party, speaks to supporters as they wave German flags at the AfD election campaign launch rally. Sean Gallup | Getty Images News | Getty Images Germany’s far-right party is dominating polls in the country’s eastern region less than two weeks before the federal … Read more
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters SoftBank Group posted a surprise quarterly loss Wednesday as its Vision Funds investments fell into red. The Japanese company’s revenue also missed analysts’ estimates. Here are Softbank’s results compared with LSEG SmartEstimate, which is weighted … Read more
European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S. The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,785, Germany’s DAX up 75 points at 22,104, France’s CAC up 12 points at 8,042 and Italy’s FTSE MIB 102 points higher … Read more
Sam Altman, CEO of OpenAI, speaks with French President Emmanuel Macron at Station F, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters PARIS — Music was blaring and people were cheering at the Artificial Intelligence Action Summit in Paris on … Read more
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — China’s Baidu plans to release the next generation of its artificial intelligence model in the second half of this year, according to a source familiar with the matter, as … Read more