Loblaw Cos Ltd on Thursday forecast annual earnings above analysts' expectations, after the Canadian retailer's fourth-quarter results beat estimates, helped by strength in its pharmacy business and as demand held up for groceries.
U.S. stock index futures rose on Thursday as a strong sales forecast from Nvidia boosted chipmakers, helping outweigh worries about the Federal Reserve continuing to raise interest rates in the face of sticky inflation and economic strength.
Humana Inc said on Thursday it will exit the employer group insurance business in a phased manner over the next 18 to 24 months and focus primarily on government-funded programs and specialty businesses.
Domino's Pizza Inc fell short of quarterly U.S. same-store sales estimates on Thursday, in a sign that price hikes were eating into demand for the company's pizzas and chicken wings amidst decades-high inflation.
Shares of Lucid Group Inc slumped 10% in premarket trading on Thursday after the electric vehicle maker's 2023 production targets fell short of expectations amid waning demand and a price war unleashed by market leader Tesla Inc .
China's Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down 82.7% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report.
Moderna Inc on Thursday reaffirmed annual sales forecast of $5 billion for its COVID-19 vaccines despite its fourth-quarter sales exceeding estimates, on expectations of lower demand for the shots in the fourth year of the pandemic.
Newmont Corp on Thursday fell short of Wall Street estimates for fourth-quarter profit, as the world's largest gold miner struggled with lower prices and increased costs.
Shell Chief Executive Officer Wael Sawan has created a senior role of chief of staff as part of a management overhaul to improve performance after technical problems and other disruption, three company sources said.
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