Janet Yellen Says There’s ‘No Truth’ to Reports of Her Leaving Office Soon

(Bloomberg) — Treasury Secretary Janet Yellen on Tuesday dismissed speculation that she plans to depart from her post in the near future. “There is no truth to that,” Yellen said at an event in Washington Tuesday when asked about reports that she may soon be leaving the Biden administration. A report last week from Axios … Read more

Twitter Jumps on Reports Musk Will Go Ahead with Deal at Original Price By Investing.com

© Reuters. By Sam Boughedda Twitter Inc (NYSE:) shares surged around midday on Tuesday after Bloomberg reported Tesla (NASDAQ:) CEO Elon Musk is proposing to acquire the company for the original offer price of $54.20. Citing people familiar with the matter, the publication revealed Musk made the proposal in a letter to Twitter. It marks … Read more

HSBC Exploring Possible Sale of Canadian Unit – Reports

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Apple Production Reports Sound ‘a Little Weird’: TF International By Investing.com

© Reuters. Apple (AAPL) shares fell Wednesday after reports that the technology giant was ditching its plans to boost iPhone production after demand falters. However, according to TF International Securities, the reports do not seem to be accurate. “Rumored Apple ditching iPhone production increase sounds a little bit weird to me. As I surveyed before, … Read more

Costco Reports Q4 EPS Beat, Shares Down 2% By Investing.com

© Reuters. By Davit Kirakosyan Costco (NASDAQ:) shares fell nearly 2% after-hours following the company’s reported , with EPS of $4.20 coming in better than the consensus estimate of $4.15. Net sales grew 15.2% year-over-year to $70.76 billion. Meanwhile, total revenue, which includes membership fees, was $72.091 billion, versus the consensus of $71.64 billion. Comparable … Read more

Manchester United Reports Wider FY Loss Despite Return of Fans to Stadiums

By Scott Kanowsky  Investing.com — Manchester United Ltd. (NYSE:) has posted a deeper annual loss and warned that its next quarterly results will be hit by recent match postponements. The English soccer giant reported a net loss of £115.5M for the twelve months to the end of June, widening by 25.3% from a prior decline of … Read more

Lennar Corp Reports Q3 Beat, Provides Guidance By Investing.com

© Reuters. By Davit Kirakosyan Lennar Corp. (NYSE:) reported its , with EPS of $5.18 coming in better than the consensus estimate of $4.86. Revenue grew 29% year-over-year to $8.9 billion, compared to the consensus estimate of $8.97 billion. Deliveries grew 13% year-over-year to 17,248 homes. New orders decreased 12% to 14,366 homes, with new … Read more

U.S. Stocks Wobble After Strong Reports on Retail Sales, Jobless Claims

By Liz Moyer Investing.com — U.S. stocks fell in early trading and then turned higher on Thursday as investors tried to digest a slug of economic data ahead of the Federal Reserve’s meeting next week. At 9:50 ET (13:50 GMT), the was up 45 points, or 0.2%, while the was flat and the was up … Read more

Oracle Reports Q1 EPS Miss, While Revenues Beat Estimates By Investing.com

By Davit Kirakosyan Oracle (NYSE:) reported its , with EPS of $1.03 missing the consensus estimate of $1.08, while revenue of $11.4 billion (up 18% year-over-year) coming in better than the consensus estimate of $11.33 billion. Cloud services and license support revenues grew 14% year-over-year (up 20% in constant currency) to $8.4 billion. Cloud license … Read more

Tesla Reports Strong August Sales Numbers in China By Investing.com

© Reuters. By Michael Elkins Tesla (NASDAQ:) reported their Chinese sales numbers for August selling 76,965 Chinese-made vehicles. According to Reuters, the company nearly tripled its sales from a month ago when scheduled upgrades disrupted most production. The China Passenger Car Association (CPCA) said the electric carmaker exported 42,463 Model 3s and Model Ys from … Read more