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Delta posted adjusted earnings of $1.85 per share in $14.44 billion in revenue. That surpassed the EPS of $1.75 and $14.18 billion in revenue expected by analysts polled by LSEG. Walgreens reported 51 cents adjusted earnings per share on $39.46 billion in revenue. Constellation Energy — Shares rallied 9% after confirming it will acquire Calpine in a deal that includes cash and stock. Citi upgraded shares to buy from neutral, while Wells Fargo raised its rating to overweight from equal weight.
Persons: LSEG, Los Angeles . Edison, Truist, Sunrun, Jimmy Choo, Michael Kors, Wells Fargo, , Jesse Pound, Samantha Subin, Hakyung Kim, Michelle Fox Organizations: Delta Air Lines, Delta, LSEG, Walgreens, Alliance, Constellation Energy, Edison, Los Angeles ., Wednesday, Allstate, Travelers, Chubb —, JPMorgan, Semiconductor, Archer Aviation, Joby Aviation, JPMorgan downgrades, UBS, Citi, Capri Holdings Locations: Southern California, Los Angeles, California
Delta posted adjusted earnings of $1.85 per share on $14.44 billion of revenue. Capri Holdings — The luxury fashion group rose more than 9% following upgrades from Citi and Wells Fargo. Jefferies reported 93 cents earnings per share, while analysts anticipated 97 cents earnings per share, according to FactSet. Walgreens reported 51 cents adjusted earnings per share on $39.46 billion in revenue. Disney , Warner Bros Discovery , Fox — The media stocks fell after scrapping plans for Venu , a joint sports streaming service.
Persons: Chubb, Edison, Jefferies, LSEG, Venu, Truist, Goldman Sachs, Daniel Grosslight, , Yun Li, Alex Harring, Michelle Fox, Lisa Kailai Han, Jesse Pound Organizations: Delta Air Lines, Delta, Constellation Energy, Constellation, Capri Holdings, Citi, Wells, Allstate, Chubb, Los, AIG, AllState, Travelers, JPMorgan, . Edison, Wednesday, Jefferies, Walgreens, Alliance, Disney, Warner Bros Discovery, Fox, Warner Bros, Semiconductor, Constellation Brands, FactSet, Goldman, AMD Locations: Wells Fargo, California, Los Angeles, Southern California, FactSet
eBay – Shares jumped almost 10% and touched 52-week highs after announcing that Meta is testing using its listings on Facebook Marketplace . Edison International – The stock lost 10.2%, as thousands flee the Los Angeles area due to wildfires destroying homes and infrastructure in the region. Getty Images – Shares of the image database plunged 17.6%, reversing course after soaring more than 24% in the previous session. Quantum computing stocks – Stocks tied to quantum computing fell after Nvidia CEO Jensen Huang said the technology is likely decades away . Shares of Rigetti Computing and D-Wave Quantum shed more than 45% and 36%, respectively, while Quantum Computing dropped more than 43%.
Persons: Getty, SolarEdge, Stocks, Jensen Huang, IonQ, FactSet, Morgan Stanley, Cathie Wood, it's, , Fred Imbert, Alex Harring, Samantha Subin, Lisa Kailai Han Organizations: eBay –, Meta, Facebook, eBay, Edison, Getty, Shutterstock, SEC, Nvidia, Rigetti Computing, Quantum Computing, Enovis, Foreign Investment, Rio Tinto, Boston, Bolt, Boston Scientific, HSBC, Cal, Maine Foods, Novo Nordisk, UBS, pharma, Accolade, Transcarent Locations: Los Angeles, California, United States
Let's call it the YouTube election
  + stars: | 2024-11-09 | by ( Peter Kafka | ) www.businessinsider.com   time to read: +5 min
And I'm very confident — based on my non-scientific poll of my teenage sons, who inhale YouTube — that those numbers are way, way bigger for young people. But what was most interesting about the election was the way the Trump campaign spent the summer embracing YouTube personalities. Edison Research says YouTube — including both regular, free YouTube and YouTube's paid YouTube Music service — is the most popular way for people to listen to (or watch) podcasts. And, unlike platforms like Instagram and TikTok — podcasters can get a meaningful share of the advertising revenue generated by their YouTube audiences. We should think about it as a podcast plus a YouTube election," he says.
Persons: Donald Trump, Joe Rogan, Rogan, he's, Trump, , you've, Isn't Joe Rogan, YouTube's, JD Vance, Tucker Carlson, Megyn Kelly, Theo Von, Chris Balfe, Carlson, Kelly, Bari Weiss, Taylor Lorenz, Balfe Organizations: YouTube, Service, Fox News, Trump, Pew Research, Facebook, Edison Research, Fox, Red Seat Ventures, The Free, Crooked Media, Save
Today, a group of dementia researchers from the UK released some early results that suggest it's possible these trendy injections might also stall the progression of dementia. A daily injection for brain preservationIuliia Burmistrova/Getty ImagesFor the study, researchers spent a year tracking brain changes across 204 Alzheimer's patients with mild to moderate disease. "It sounds like it is worth pursuing a larger trial, but these results cannot demonstrate that liraglutide can protect against dementia." Experts have seen how dementia patients' brains get worse and worse at efficiently using glucose for energy as their disease progresses, but the calculus is always complicated. Bigger studies using more powerful GLP-1 drugs for dementia are already ongoing.
Persons: Stephen Evans, Jason Kirk, Quynh Nguyen, hadn't, Dr, Paul Edison, it's, Edison, Alzheimer's Organizations: Service, Alzheimer's Association International Conference, London School of Hygiene, Medicine, Science Media, Nikon, Imperial College London, Food and Drug Administration, Novo Nordisk Locations: Philadelphia, Novo
Today, a group of dementia researchers from the UK released some early results that suggest it's possible these trendy injections might also stall the progression of dementia. A daily injection for brain preservationIuliia Burmistrova/Getty ImagesFor the study, researchers spent a year tracking brain changes across 204 Alzheimer's patients with mild to moderate disease. "It sounds like it is worth pursuing a larger trial, but these results cannot demonstrate that liraglutide can protect against dementia." Experts have seen how dementia patients' brains get worse and worse at efficiently using glucose for energy as their disease progresses, but the calculus is always complicated. Bigger studies using more powerful GLP-1 drugs for dementia are already ongoing.
Persons: Stephen Evans, Jason Kirk, Quynh Nguyen, hadn't, Dr, Paul Edison, it's, Edison, Alzheimer's Organizations: Service, Alzheimer's Association International Conference, London School of Hygiene, Medicine, Science Media, Nikon, Imperial College London, Food and Drug Administration, Novo Nordisk Locations: Philadelphia, Novo
George Frey | ReutersAn older, once-daily drug for diabetes and obesity from Novo Nordisk called liraglutide may slow the progression of Alzheimer's disease by protecting patients' brains, according to data from a mid-stage trial released on Tuesday. Novo Nordisk sells liraglutide as a diabetes and obesity drug under the brand names Victoza and Saxenda, respectively. Alzheimer's disease often causes the brain to shrink as the illness progresses because crucial nerve cells break down and stop working properly. By 2050, the number of Alzheimer's patients is projected to rise to almost 13 million in the U.S. The ongoing EVOKE is examining semaglutide, the active ingredient in Wegovy and Ozempic, in nearly 2,000 Alzheimer's patients.
Persons: George Frey, Eli Lilly, liraglutide, Brian B, Bettencourt, Heather Snyder, Leqembi, Snyder, Dr, Paul Edison, Edison, Bobby Pugh, Bessie Pugh, Karen Pulfer Focht Organizations: Novo Nordisk Pharmaceutical, Reuters, Novo Nordisk, Imperial College London, Alzheimer's Association International Conference, Toronto Star, Getty, Alzheimer's Association, U.S, CNBC, Alzheimer's, Novo Nordisk's, Ave Locations: Provo , Utah, Danish, Philadelphia, Biogen, Novo, Bartlett , Tennessee, U.S
Since the pandemic, fast-food workers have fled the sector, leaving restaurant chains struggling to find help. But how have fast-food general managers, whose duties range from dealing with fussy customers to inventory management, fared over the years? "While Taco Bell Corporate cannot mandate salaries and wages of franchisees, we offer competitive pay rates and encourage franchisees to do the same," Taco Bell said. The chain said 54% of Taco Bell general managers started as restaurant-level workers. Taco Bell President and Chief Operating Officer Mike Grams began his career as an assistant general manager in Detroit, Michigan.
Persons: , That's, Taco Bell, Burger, Lynsi Snyder, Nancy Luna, Snyder, Harry, Esther Snyder, Matt Marton, Taco, Mike Grams, Chipotle, Scott Boatwright, Edison Graff, Danny Meyer, Angela Campbell, Campbell, Nordstrom, Jersey Mike's, Sweetgreen, John Wooden Organizations: Service, Bureau of Labor Statistics, Taco Bell, Bell, Taco Bell President, LinkedIn, Shake, GMs, The, Shack, Jersey Mike's, Restaurant Business, UCLA Locations: McDonald's, Irvine , California, Taco, Detroit , Michigan, Chipotle, Newport Beach , California, Canada, France, Germany, Las Vegas , Nevada, Las Vegas, Campbell, The New York, Jersey, Charlotte , North Carolina, Charlotte, Seattle, Arlington , Virginia
They effectively end the sale and manufacture of incandescent light bulbs. You don't have to throw away incandescent bulbs you already own, but switching could save you money. You can thank — or blame — new federal energy efficiency regulations that went into full effect Tuesday. Practical incandescent bulbs, which trace their origin to an 1880 Edison patent, can't meet those standards. How LED bulbs save energy and moneyIncandescent bulbs create illumination by running an electric current through a filament that heats it until it glows.
Persons: , Thomas Edison, Obama, Donald Trump, Biden, Volodymyr Plysiuk Organizations: Service, FRANCISCO, Energy Department, Energy Information Administration, Getty Locations: Wall, Silicon
A total of 210 tons of drugs seized in a single year, a record. And all this chaos financed by powerful outsiders with deep pockets and lots of experience in the global drug business. Ecuador, on South America’s western edge, has in just a few years become the drug trade’s gold rush state, with major cartels from as far as Mexico and Albania joining forces with prison and street gangs, unleashing a wave of violence unlike anything in the country’s recent history. Fueling this turmoil is the world’s growing demand for cocaine. “People consume abroad,” said Maj. Edison Núñez, an intelligence official with the Ecuadorean national police, “but they don’t understand the consequences that take place here.”
Persons: , Edison Núñez Organizations: Prisons Locations: Ecuador, South, Mexico, Albania
A California law would set a sliding scale for electricity bills based on a household's income. It doesn't totally take out of the equation how much power each household uses: Part of each bill will still be based on that. But each bill also will have "fixed charges" that will be set based on income. Cities like Los Angeles need to build out their electric system to deal with increased demand. "This makes it cheaper to use electricity to operate electric cars or appliances," the NRDC argues — something that could become key in stoking demand for EVs.
Persons: that's, , you've, Erik Von Weber, That's, they've, it's Organizations: Service, Privacy, Washington Post, California Public Utilities Commission, Pacific Gas & Electric San Diego Gas & Electric Southern Cal, Edison, The Washington Post, Getty, Natural Resources Defense Council Locations: California, Los Angeles, San Diego, Eureka
Spotify has partnered with payment startup Creative Juice to grow its video podcasting program. Audio leader Spotify has been delving into the space, and is now partnering with payment startup Creative Juice to bring creators to its platform to make video podcasts. On March 28, select Creative Juice influencers will have access to a "white glove service" through the podcast program. They also used their funding from Creative Juice to build out a production team and invest in design and merchandise. On Spotify, podcast creators get paid through ads or fan-supported subscriptions or donations.
The stock market in March is looking grim, but certain "fortress" stocks can allow investors to play defense and beat the market. With this in mind, CNBC screened for fortress stocks that can withstand and outperform the market. However, while shares have gained more than 9% in 2023, the stock has tumbled 15% over the past 12 months. Edison has also shown steady growth, with shares up 7% over the past 12 months. Shares have rallied more than 6% in 2023, but they are down almost 11% over the past 12 months.
Live Nation — The ticker seller fell 9%, despite reporting fourth-quarter revenue of $4.29 billion, up about 60% year over year and topping StreetAccount's estimate of $3.6 billion. EOG Resources — The energy company dropped 5.1% after reporting fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to StreetAccount. Etsy — Etsy slipped 4.8%, a day after gaining more than 2% on its fourth-quarter earnings beat. The company also offered cautious guidance for its first quarter, anticipating $2.95 billion to $3.15 billion in gross merchandise revenue. However, Autodesk beat fourth-quarter expectations on the top and bottom lines, according to Refinitiv.
U.S. President Joe Biden makes a statement about the U.S. midterm elections during his visit in Phnom Penh, Cambodia November 13, 2022. REUTERS/Kevin LamarquePHNOM PENH (Reuters) - U.S. President Joe Biden said he was incredibly pleased with the turnout in the U.S. election and said the Republican Party would now need to decide “who they are”. Speaking to reporters in Cambodia ahead of an East Asia Summit, Biden said his focus was on the Georgia Senate race. Edison Research projected on Saturday that the U.S. Senate next year would remain under the control of the Democrats, handing a major victory to Biden
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