(Reuters) -Nikola missed Wall Street expectations for first-quarter revenue on Tuesday, as the electric truck maker delivered fewer hydrogen fuel cell trucks amid an uncertain macroeconomic outlook and reduced spending by customers. The company reported revenue of $7.5 million, missing expectations of $15.8 million, according to LSEG data. Its shares fell 4.5% in afternoon trading. […]

TreeHouse Foods Inc (NYSE:THS) shares are trading lower after the company’s first-quarter revenue declined 3.9% and the adjusted EPS missed the consensus. The company reported a first-quarter FY24 sales of $820.70 million, beating the analyst consensus estimate of $797.18 million. The revenue decrease was primarily driven by unfavorable volume/mix due to planned distribution exits primarily in coffee and in-store bakery categories, as […]

(Reuters) -U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely require more such signals before pivoting from a higher for longer policy. Nonfarm payrolls increased by 175,000 jobs last month, the […]

By Shariq Khan NEW YORK (Reuters) -Oil prices settled on Thursday near their lowest level in seven-weeks, narrowly mixed and under pressure from weaker global demand, rising inventories and fading hopes for a quick cut in U.S. interest rates. U.S. West Texas Intermediate crude futures fell 5 cents to settle at $78.95 a barrel, the […]

By Deena Beasley (Reuters) -Amgen investors eyeing dramatic share price gains for rivals with successful obesity drugs will be focused on any updates the biotech company may provide on its own weight-loss drug candidates when it reports quarterly earnings on Thursday. Amgen has said it expects to have first-in-human results from a small, early-stage trial […]

KULR Technology Group, Inc (NYSE:KULR) and Amprius Technologies Inc (NYSE:AMPX) officially announced their strategic partnership. What Happened? This collaboration heralds the integration of Amprius’ innovative high-performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection for aerospace and military applications. At the heart of this partnership are Amprius’ silicon-anode […]

AstraZeneca plc (NASDAQ:AZN) reported topline data from a metastatic breast cancer treatment study. The results showed that Enhertu (trastuzumab deruxtecan) demonstrated a statistically significant and clinically meaningful improvement in progression-free survival (PFS) compared to standard-of-care chemotherapy in the primary trial population of patients with HR-positive, HER2-low (IHC 1+ or 2+/ISH-) metastatic breast cancer following one or more lines of endocrine […]

Snap Inc. (NYSE:SNAP) shares are skyrocketing in the premarket session on Friday. Yesterday, the company reported its first-quarter financial results with quarterly earnings of 3 cents per share, beating the analyst consensus estimate of a loss of 5 cents per share. Adjusted EBITDA was $46 million, compared to $1 million in the prior year. While reporting quarterly results, Snap highlighted […]