McDonald's closures in Russia cost the fast-food giant $127 million in Q1 — here's what it could mean for the country
McDonald's last month announced it would be temporarily closing all 850 of its locations in Russia.
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Merck sold $3.2 billion of its Covid oral antiviral treatment, driving first-quarter revenue growth
Merck soundly beat Wall Street estimates for its top and bottom lines, reporting earnings of $2.14 per share on $15.9 billion in revenue.
McDonald's revenue tops estimates, fueled by price hikes and overseas same-store sales growth
McDonald's said the suspension of operations in Ukraine and Russia cost $127 million, or 13 cents per share, in the first quarter.
Moderna asks FDA to authorize Covid vaccine for kids under 6 years old
The FDA has promised to move quickly to authorize shots for infants, toddlers and preschoolers once the vaccine makers submit complete applications.
Ford cuts 580 U.S. salaried and contract employees as it restructures to focus on EVs
The cuts include approximately 350 salaried and 230 agency positions, according to Ford.
Qualcomm revenue pops 41% driven by Android phone chip sales
Qualcomm makes most of its money from selling processors and modems for smartphones and licensing technology for connecting to cellular networks.
Facebook shares spike on better-than-expected quarterly earnings
Meta, the company formerly known as Facebook, reported earnings after the bell. Here are the results.
Judge knocks down Elon Musk's bid to end SEC consent decree
Judge Lewis J. Liman shot down an argument Musk attorneys made suggesting that the settlement agreement had chilled the CEO's right to free speech.
'Trump has willfully disobeyed a lawful order of this court,' New York judge says as $10,000 per-day fines start
Former President Donald Trump had fought a subpoena issued by New York Attorney General Letitia James as part of her probe of the Trump Organization.
Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
Rivian stock shed about 52% of its market cap during the first quarter, bringing the value of Ford's stake down from $10.6 billion to $5.1 billion.
Fellow North Carolina Republican calls for insider trading probe of Rep. Madison Cawthorn's crypto holdings
The allegations stem from Cawthorn's involvement with Let's Go Brandon coin, a cryptocurrency based on the conservative meme mocking President Joe Biden.
Boeing lost $1.1 billion on Trump Air Force One contract; CEO regrets deal
Donald Trump had bragged his deal with Boeing for the Air Force One program would save taxpayers more than a billion dollars. It's cost Boeing more than that.
Pinterest jumps after earnings beat
The company missed analyst expectations slightly on monthly active users.
Archegos owner Bill Hwang and former CFO Halligan plead not guilty to U.S. fraud charges
Archegos Capital Management's owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, were arrested Wednesday.
Boeing posts loss as it grapples with delays on commercial and defense programs
The manufacturer says it is pausing 777X production and that it doesn't expect deliveries to start until 2025.
Spotify closes down more than 12% on first-quarter earnings despite beat on top and bottom
Spotify, which has heavily invested in its podcasting business and is trying to grow ads in the space, said ad-supported revenue came in at 282 million euros.
Treasury yields inch higher as economic growth concerns persist
U.S. Treasury yields ebbed on Wednesday morning, amid persistent concerns about a global economic slowdown.
As Microsoft rallies, Activision Blizzard sinks to lowest price since deal news
While Microsoft enjoyed a stock jump on Wednesday, its newest acquisition target sank as investors considered declining users for Activision Blizzard.
SpaceX launches Crew-4 mission for NASA, has now sent 26 astronauts to space in under two years
SpaceX launched a group of astronauts for NASA early Wednesday morning, with Elon Musk's company now having sent 26 people to orbit in less than two years.
Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009
Sharply rising mortgage rates caused mortgage demand to plunge and pushed more borrowers to riskier, adjustable-rate loans.
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