Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business. Walgreens said Friday that higher costs from that plan were the main factor behind its quarterly loss. The chain has already shed about a thousand U.S. stores since it grew to nearly 9,500 after buying some Rite Aid locations in 2018.
The labor market ended 2024 on a strong note, adding 256,000 jobs in December, exceeding economist forecasts and showcasing once again the resilience of the U.S. economy. Nonfarm payrolls rose by 256,000 last month, up from the downwardly revised 212,000 in November and sharply surpassing economist expectations of 160,000 payrolls as tracked by TradingEconomics. US Labor Market Defies Gravity, Unemployment Rate Falls The December payroll figure released Friday by the Bureau of Labor Statistics s
(Bloomberg) -- Centrica Plc says that the UK’s gas reserves are at “concerningly low” levels as freezing temperatures grip the country, boosting demand for heating.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’The owner of British Gas said
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After a tough 2024, prospective homebuyers aren’t expected to see much relief this year.
Delta Air Lines (DAL) on Friday revealed a first-quarter outlook above analysts’ expectations as the carrier expects strong demand for travel to give it the best year in its history.
Shares of Walgreens Boots Alliance rose Friday morning after the pharmacy retailer reported first-quarter results that included better revenue and adjusted profits than analysts had expected.
The spirits markets in Brazil and Chile are expected to reach $40.1bn and $6.9bn respectively by 2028.
News of the day for Jan. 10, 2025
Raymond James analyst Patrick O’Shaughnessy raised the firm’s price target on Nasdaq (NDAQ) to $84 from $83 and keeps an Outperform rating on the shares. The firm updated the company’s model ahead of the Q4 report. Despite Nasdaq having overpaid for recent acquisitions, the company has an “increasingly attractive financial technology software franchise that is paired with a remarkable growth story in Nasdaq’s index franchise,” the analyst tells investors in a research note. The firm still hs con