Tim Latimer, CEO of Fervo Energy, at one of the company’s upgraded geothermal drilling rigs in Beaver County, Utah David Condos/KUER hide caption change caption David Condos/KUER There’s a valley in rural southwestern Utah that has become a hub for renewable energy. Dozens of tall white wind turbines whizzing up into the sky. A sea … Read more
Brand Brownleepopularly known as MKBHDhas expressed doubts Elon Musk’s ambitious timeline for Tesla Inc TSLA Robotaxi plans and promises to shave its head on camera if the company delivers before 2027. What happened: In a video released Monday, Brownlee discussed Tesla’s Cybercab and shared his experiences with the self-driving vehicle. He highlighted its unique features, … Read more
(Reuters) -UnitedHealth Group’s third-quarter medical costs topped Wall Street estimates on Tuesday as the insurer paid out more due to continued high demand for health care services and received lower reimbursements for government-backed insurance plans. Demand for health care services under the government’s Medicare plans — for people 65 and older or those with disabilities … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Goldman Sachs’ quarterly profits rose 45 percent to $3 billion in the third quarter, boosted by stock trading, even as the investment bank took another hit from its withdrawal from retail banking. Goldman’s net income … Read more
CHARLOTTE, NC – Bank of America today reported its third quarter 2024 financial results. The press release, supplemental filing and investor presentation can be found on Bank of America’s Investor Relations website at https://investor.bankofamerica. com/quarterly-earnings. Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss the financial results during an investor conference … Read more
Striking Boeing employees and their supporters picket outside the Boeing Co. production facility on September 16, 2024. in Renton, Washington. Yehyun Kim | AFP | Getty Images Boeing said Tuesday it could raise as much as $25 billion in equity or debt over three years, a move to boost liquidity as the struggling manufacturer faces … Read more
By Manas Mishra (Reuters) -Walgreens Boots Alliance said on Tuesday it would close 1,200 stores over the next three years, as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain hit by sluggish consumer spending and low drug reimbursement rates. The company also narrowly beat Wall Street’s lowered estimates for fourth-quarter adjusted … Read more
Check out the companies making headlines before the bell. Bank of America – Shares rose 1% after third-quarter earnings and revenue exceeded Wall Street analyst expectations. Profits came to 81 cents, better than the 77 cents expected by analysts surveyed by LSEG. Revenue was $25.5 billion, compared to the consensus estimate of $25.3 billion. Johnson … Read more
Here are five key things investors need to know to start the trading day: 1. Markets 2. Banks continue to make money A Bank of America ATM on July 16, 2024 in Austin, Texas. Brandon Bell | Getty Images Bank of America beat expectations for third-quarter profit and revenue before the opening bell Tuesday. The … Read more