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.
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
The intersection of politics and public welfare often leads to contentious outcomes, notably in the realm of environmental initiatives and home energy efficiency programs. As the Biden administration aimed to mobilize funds for energy upgrades through the Inflation Reduction Act of 2022, many states are now grappling with the consequences of a funding freeze initiated
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
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
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
Mortgage interest rates have recently experienced a notable decline, reaching their lowest levels in two months. Despite this drop, which is typically a signal for increased demand in the housing market, the reality is that the volume of mortgage applications has decreased by 1.2% from the preceding week. According to insights from the Mortgage Bankers
As of 2025, the allure of gold has intensified, catching the eye of many investors eager for quick profits. The SPDR Gold Shares fund (GLD), which is a barometer for gold bullion prices, has surged approximately 11% this year alone, with a staggering 42% increase over the previous year. Meanwhile, gold futures have exhibited a
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
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%