In an impressive display of strength, Snowflake Inc. witnessed a surge of more than 8% in its share prices on Thursday, following the release of its fourth-quarter fiscal results that surpassed Wall Street’s projections. The data analytics powerhouse reported adjusted earnings of 30 cents per share, accompanied by a substantial revenue figure of $987 million.
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In a significant shift reflective of broader trends in corporate America, Paramount Global recently announced the discontinuation of several diversity, equity, and inclusion (DEI) policies. This decision, revealed through an internal memo, has raised eyebrows and sparked discussions about the future of DEI initiatives in large organizations. As companies navigate changing political climates and varying
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On Wednesday, shares of Anheuser-Busch InBev (AB InBev), the world’s leading beer brewer, surged nearly 9% following their impressive fourth-quarter sales report. Despite experiencing a reduction in total volumes sold, the company outperformed analysts’ predictions, showcasing a 3.4% increase in quarterly revenue, amounting to $14.84 billion. This exceeded LSEG’s forecast of $14.05 billion, which anticipated
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In a significant shift for millions of Americans, the Social Security Administration (SSA) is set to implement a new expedited plan following the enactment of the Social Security Fairness Act, signed into law by President Joe Biden on January 5. This legislation aims to amend the current structure by abolishing restrictive provisions—specifically the Windfall Elimination
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General Motors (GM) is making headlines as it rolls out significant financial initiatives aimed at reinforcing investor confidence amidst rocky market conditions. The company has announced a notable 25% increase in its quarterly dividend, bringing it up to 15 cents per share, while also unveiling a robust $6 billion share repurchase program. This dual approach
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On Tuesday, Eli Lilly made significant strides in enhancing patient access to its weight loss medication, Zepbound. By introducing higher doses through single-dose vials priced competitively, the pharmaceutical giant aims to mitigate accessibility issues faced by uninsured patients or those with Medicare who do not have coverage for this essential medication. The move reflects a
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Recent data from Charles Schwab’s quarterly survey reveals a striking trend among investors. Despite the prevailing sense that the stock market is overpriced, a notable majority of traders are maintaining an optimistic outlook. The survey, which engaged 1,040 active traders last month, found that 51% of these respondents identified as bullish, contrasted with only 34%
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