Business News

supremecourt abortion 062522 lgSeveral major U.S. companies, including Walt Disney, Netflix, Meta and JPMorgan Chase, have assured their employees that they will cover travel costs to states that allow legal abortions. The decision was made in the wake of the U.S. Supreme Court decision overturning Roe v. Wade on Friday. The U.S....
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Pfizer, BioNTech Report Positive Data From Omicron-adapted COVID-19 Vaccine Candidate Trial

Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced positive data from the Phase 2/3 trial evaluating the safety, tolerability, and immunogenicity of Omicron-adapted COVID-19 vaccine candidates against Omicron. The companies reported positive data from two trials-one as a monovalent and the other bivalent,...
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FedEx Q4 Results Miss Street Consensus, But Outlook Strong

Package delivery giant FedEx Corp. (FDX), Thursday reported results for the fourth quarter, with earnings and revenues falling shy of Street estimates. However, the company issued a strong earnings outlook for the full year 2023. Memphis, Tennessee-based FedEx reported fourth-quarter profit of $558...
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U.S. Consumer Sentiment Slumps Slightly More Than Initially Estimated In June

Consumer sentiment in the U.S. tumbled by slightly more than initially estimated in the month of June, revised data from the University of Michigan revealed on Friday. The report showed the consumer sentiment index for June was downwardly revised to 50.0 from the preliminary reading of 50.2.
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Zendesk To Be Taken Private By Investors Led By Hellman & Friedman, Permira In $10.2 Bln Deal

Zendesk, Inc. (ZEN) announced Friday it has entered into a definitive agreement to be acquired by an investor group led by leading global investment firms Permira and Hellman & Friedman LLC in an all-cash transaction that values Zendesk at approximately $10.2 billion. In addition to Hellman & Friedman...
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ABB Postpones Planned IPO Of E-mobility Business

Swiss engineering company ABB Ltd.(ANN.L, ABB) Monday said it is postponing the planned initial public offering of its E-mobility business in the coming weeks due to challenging market conditions. In its update, the company said it is challenging now to proceed with the planned share offering in the...
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Wolfspeed Stock Continues To Gain

Wolfspeed, Inc. (WOLF) shares are increasing more than 11 percent on Friday morning trade continuing an upsurge since June 16. The major U.S. stocks are on a positive stroke today. There were no corporate announcements on the day to influence the stock movement. Currently, shares are at $69.10, up...
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CarMax Q1 23 Earnings Conference Call At 9:00 AM ET

CarMax Inc. (KMX) will host a conference call at 9:00 AM ET on June 24, 2022, to discuss Q1 23 earnings results. To access the live webcast, log on to https://investors.carmax.com/news-and-events/events-and-presentations/default.aspx To listen to the call, dial (800) 289-0720 (US) or (323) 701-0160...
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Economic Calendar
06/24/22 13:0Baker Hughes - Rig CountJUN 24 United States
06/24/22 10:0Univ. of Mich. Consumer Confidence IndexJUN United States
06/24/22 10:0New Home Sales - UnitsMAY United States
06/24/22 10:0New Home Sales - Median PricesMAY United States
06/24/22 9:0CB Leading IndexMAY India
06/24/22 9:0CB Coincidence IndexMAY India
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