Caterpillar reports big profit and revenue beats, but stock drops as costs surge
Caterpillar Inc. reported Friday big profit and revenue beats, as sales of all three of its major business segments rose above expectations, but the stock...
Lilly to scrap further development of Olumiant as a lupus treatment
Shares of Eli Lilly & Co. were down 0.9% in premarket trading on Friday after the company said it decided to scrap further development of...
Economic Report: Coming up: Employment costs for fourth quarter
Compensation costs for workers in the fourth quarter likely stayed close to the record 1.3% pace set in the July-September quarter, according to economists polled...
AMC stock falls premarket, in danger of matching record 12-day losing streak
Shares of AMC Entertainment Holdings Inc. fell 1.3% in premarket trading, putting them in danger of matching their record 12-day losing streak. The movie theater...
The Tell: Fed seen as hiking interest rates seven times in 2022, or once at every meeting, BofA says
Brendan Smialowski/Press PoolInvestors could be in for seven 25-basis-point interest rate hikes this year, or one at each remaining Federal Reserve meeting, considering the central...
Baker Hughes data show a weekly climb in the U.S. oil-drilling rig count
Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by four to 495 this week. That followed...
Con Edison rate increase proposal could boost electric bills more than 11% in 2023
Consolidated Edison Inc. subsidiary Con Edison is proposing higher rates in 2023, that would boost overall customer electric bills by 11.2% and gas bills by...