10-year Treasury yield rises even after an unexpected decline in GDP
Treasury yields climbed on Thursday, as investors digested economic data that showed an unexpected contraction in gross domestic product.
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Comcast shares slump as broadband subscriber growth continues to slow
Comcast beat on the top and bottom lines, but broadband growth continues to slow.
Severe hepatitis outbreak in healthy kids possibly linked to adenovirus infection, WHO officials say
The WHO and CDC believe the outbreak might be linked to adenovirus, though investigations are continuing.
Democrats push for TSA crackdown on guns after GOP Rep. Madison Cawthorn brought handgun to airport
GOP Rep. Cawthorn said he a mistakenly brought a handgun to a TSA checkpoint. It was reportedly his second time he was caught with a gun at the airport.
U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984.
McDonald's closures in Russia cost the fast-food giant $127 million in Q1 — here's what it could mean for the country
McDonald's last month announced it would be temporarily closing all 850 of its locations in Russia.
Merck sold $3.2 billion of its Covid oral antiviral treatment, driving first-quarter revenue growth
Merck soundly beat Wall Street estimates for its top and bottom lines, reporting earnings of $2.14 per share on $15.9 billion in revenue.
McDonald's revenue tops estimates, fueled by price hikes and overseas same-store sales growth
McDonald's said the suspension of operations in Ukraine and Russia cost $127 million, or 13 cents per share, in the first quarter.
Moderna asks FDA to authorize Covid vaccine for kids under 6 years old
The FDA has promised to move quickly to authorize shots for infants, toddlers and preschoolers once the vaccine makers submit complete applications.
Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
The cuts include approximately 350 salaried and 230 agency positions, according to Ford.
Qualcomm revenue pops 41% driven by Android phone chip sales
Qualcomm makes most of its money from selling processors and modems for smartphones and licensing technology for connecting to cellular networks.
Facebook shares spike on better-than-expected quarterly earnings
Meta, the company formerly known as Facebook, reported earnings after the bell. Here are the results.
Judge knocks down Elon Musk's bid to end SEC consent decree
Judge Lewis J. Liman shot down an argument Musk attorneys made suggesting that the settlement agreement had chilled the CEO's right to free speech.
'Trump has willfully disobeyed a lawful order of this court,' New York judge says as $10,000 per-day fines start
Former President Donald Trump had fought a subpoena issued by New York Attorney General Letitia James as part of her probe of the Trump Organization.
Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
Rivian stock shed about 52% of its market cap during the first quarter, bringing the value of Ford's stake down from $10.6 billion to $5.1 billion.
Fellow North Carolina Republican calls for insider trading probe of Rep. Madison Cawthorn's crypto holdings
The allegations stem from Cawthorn's involvement with Let's Go Brandon coin, a cryptocurrency based on the conservative meme mocking President Joe Biden.
Boeing lost $1.1 billion on Trump Air Force One contract; CEO regrets deal
Donald Trump had bragged his deal with Boeing for the Air Force One program would save taxpayers more than a billion dollars. It's cost Boeing more than that.
Pinterest jumps after earnings beat
The company missed analyst expectations slightly on monthly active users.
Archegos owner Bill Hwang and former CFO Halligan plead not guilty to U.S. fraud charges
Archegos Capital Management's owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, were arrested Wednesday.
Boeing posts loss as it grapples with delays on commercial and defense programs
The manufacturer says it is pausing 777X production and that it doesn't expect deliveries to start until 2025.
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