Toyota reports record profit amid pandemic, keeps forecasts
While the pandemic has dented sales and demand in some global businesses, Toyota appears to be roaring back. Uncertainties remain such as the global shortage of semiconductors that’s slammed the auto industry, as well as effects of COVID-19.
CVS boosts wages as profits rise on COVID-19 vaccinations, tests
CVS Health will hike its minimum wage for employees to $15 per hour starting in July 2022, with incremental increases set to begin this month.
Apple becomes most profitable company in the world
FOX Business' Susan Li and Constellation Research CEO Ray Wang discuss Apple's business model.
Clorox stock hit as demand for wipes, disinfectants wanes
Clorox forecasts a drop in sales as consumer demand shifts away from products that were hot items during the height of the COVID-19 pandemic, like disinfectants and wipes.
Alpha Foods hopes its vegan nuggets will benefit from rising cost of chicken, CEO says
Alpha Foods CEO Cole Orobetz provides insight into how the food industry is being impacted by inflation.
Robinhood is 'dumpster fire,' has nothing to stand on: Market expert
Circle Squared Alternative Investments founder Jeff Sica on Robinhood's public debut on the New York Stock Exchange.
Infrastructure, earnings dominating markets, not Delta variant: Katz
UBS managing director and senior portfolio manager Jason Katz provides insight into today’s markets.
July jobs report, GM, CVS earnings and infrastructure talks top week ahead
Jobs will be in focus this upcoming week as investors will take in data including ADP employment and nonfarm payrolls for the month of July.
Vista Outdoor plays role in bringing home two Olympic gold medals for Team USA
Vista Outdoor CEO Chris Metz on working with Olympic athletes.
Amazon beats on earnings, falls short on sales estimates
Amazon beat analysts' expectation on earnings per share in the second quarter, but came up short on Wall Street's revenue estimates.
Investors watching Amazon earnings to see if tech giant hits 20 percent revenue growth: Market expert
Evercore ISI senior managing director Mark Mahaney on his outlook for Big Tech earnings and price targets.
Big Tech is 'here to stay,' dominate society: Market expert
Potomac Wealth Advisors president and founder Mark Avallone on his outlook for Big Tech.
AB InBev exceeds pre-pandemic revenue but profit underwhelms
Anheuser-Busch InBev, the world's largest brewer, underwhelmed on profit as costs increased and despite driving second-quarter revenue to above pre-pandemic levels.
Facebook beats on earnings and revenue, but warns growth will slow in second half of the year
Facebook beat analysts' expectations in the second quarter, but issued a warning to investors in announcing the results.
McDonald's says jobs coming back fastest in states that ended extra unemployment benefits
McDonald’s Corp. says the labor shortage that has plagued its restaurants this year is showing signs of abating, especially in states that have already ended extended unemployment benefits.
What do markets think of new Fed decision?
Kaltbaum Capital Management President Gary Kaltbaum and Ladenburg Thalmann Asset Management CEO Phil Blancato weigh in on the latest Federal Reserve decision, today’s markets, earnings season and economic trends.
McDonald's sales soar, boosted by BTS promotion, new chicken sandwich
Menu price increases, as well as the chicken sandwich and a meal promotion with the South Korean band BTS, fueled U.S. sales gains.
Google revenue surges as online advertising market thrives
Google’s parent company flexed its digital dominance, reporting its highest quarter ever for sales and profit behind a gusher of online advertising from businesses vying for customers across reopened economies.
Starbucks shares fall on reduced China outlook
Starbucks shares fell 3% in the after-hours session after the company lowered its sales growth forecast for China, its second-largest market outside the U.S.
Apple crushes June quarter earnings records
Apple announced Tuesday a new overall June quarter revenue record of $81.4 billion, a 36% year-over-year increase compared to $59.6 billion a year ago. The company posted a quarterly net profit of $21.7 billion, or $1.30 per diluted share, versus a profit of $11.2 billion, or 65 cents per diluted share, a year ago.