Global shares headed for their first monthly loss in six months on Tuesday ahead of a slew of economic data, earnings and the U.S. Federal Reserve’s policy meeting, while the yen weakened a day after suspected intervention lifted it from 34-year lows.
PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter.
McDonald’s fell short of Wall Street estimates for first-quarter sales on Tuesday as budget-conscious consumers cut back on restaurant meals and the Middle East conflict weighed on the burger chain’s international sales.
Walmart said on Tuesday it plans to close 51 health centers across five states in the U.S., as well as shut virtual care centers, as the company looks to optimize its business operations in the country.
Global grain trader Archer-Daniels-Midland beat market estimates for first-quarter 2024 profit on Tuesday, bolstered by lower costs, as it seeks to move on from accounting issues that triggered U.S. government probes into the grain merchant.
Eaton raised its full-year profit forecast, after beating analysts’ expectations for the first quarter on Tuesday, betting on resilient demand for industrial equipment amid the U.S. government’s efforts to boost manufacturing.
Coca-Cola raised its annual organic sales forecast on Tuesday after beating first-quarter revenue and profit expectations as customers shell out more money for the company’s pricey sodas and juices globally.
Huawei Technologies’s net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from U.S. sanctions.
Eli Lilly raised its annual revenue forecast by $2 billion on Tuesday due to strong demand and plans to increase production of its weight-loss treatment Zepbound and related diabetes drug Mounjaro, lifting its shares about 7% premarket.
The U.S. Federal Trade Commission has asked for more information from Vizio and Walmart regarding their proposed $2.3 billion deal, the smart-TV maker said on Tuesday.
