By Shashwat Chauhan and Kanchana Chakravarty August 5 (Reuters) – Investors are pouring money into U.S. healthcare stocks, betting that improving earnings, rising dealmaking and attractive valuations will extend the sector’s rebound after years of underperformance. The renewed appetite for healthcare reflects a broader shift in investor positioning, with financials also seeing gains, as Wall…
By Amina Niasse NEW YORK, Aug 5 (Reuters) – CVS Health on Wednesday raised its annual profit forecast to reflect a better-than-expected second quarter marked by a more profitable mix of drugs in its pharmacy business and bonus payments for its highly rated government health plans. The company forecast 2026 adjusted profit per share in…
US stock futures edged higher on Wednesday as investors reacted to renewed hopes of easing tensions in the Middle East, while corporate earnings from SpaceX (NASDAQ:SPCX), Advanced Micro Devices (NASDAQ:AMD) and Novo Nordisk (NYSE:NVO) drove significant pre-market trading. Although geopolitical developments supported overall market sentiment, investors also assessed company-specific news, particularly Elon Musk’s latest comments,…
By Kalea Hall DETROIT, Aug 4 (Reuters) – General Motors said on Tuesday it had renewed its joint-venture agreement with China’s SAIC Motor for 20 years after a lengthy restructuring in the Chinese market that included plant closures and the elimination of some models. The extended 50-50 joint venture between the automakers will result in…
Devon Energy reported net earnings of $1.9 billion, or $2.03 per diluted share, for the second quarter of 2026, its first reporting period to include operations acquired through its merger with Coterra Energy. Core earnings, which exclude items the company says analysts typically remove from estimates, totaled $1.5 billion, or $1.57 per diluted share. The…
Federal Reserve chair Kevin Warsh wants the central bank to say less about where the economy is headed. But one prominent economist argues that the approach could hurt the U.S. economy by leaving financial markets in the dark about the Fed’s next moves. Last week, Fed officials voted 9-3 to keep interest rates unchanged in…
September WTI crude oil (CLU26) on Tuesday closed down -4.57 (-5.69%), and September RBOB gasoline (RBU26) closed down -0.1145 (-3.86%). Crude oil and gasoline prices sold off sharply on Tuesday for a second day, with crude falling to a 3-week low and gasoline dropping to a 4.75-month nearest-futures low. Growing hopes that the US and…
By Daniel Wiessner Aug 4 (Reuters) – OpenAI and a subsidiary will pay $3.2 million to settle U.S. government claims that they favored foreign workers with temporary employment visas and discriminated against U.S. job applicants in recruiting and hiring, the U.S. Justice Department said on Tuesday. The Justice Department in a release said that OpenAI…
By Nate Raymond and Dietrich Knauth BOSTON, Aug 4 (Reuters) – Medtronic must pay an Alabama man and his wife $88 million, a federal jury decided on Tuesday, in the first case to go to trial out of thousands facing the company from people claiming they were injured by hernia-repair mesh implants made by one…
Choosing between AST SpaceMobile Inc (NASDAQ:ASTS) and First Majestic Silver Corp (NYSE:AG) presents a classic dilemma: Do you bet on a revolutionary satellite network or a steady producer of essential precious metals? AST SpaceMobile aims to eliminate communication dead zones by connecting standard smartphones directly to satellites. First Majestic Silver focuses on extracting value from…
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