Tag: Wall Street
Fed raises key rate but hints it may pause amid bank...
WASHINGTON (AP) – The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the...
CVS beats Q1 expectations, cuts outlook after buying spree
CVS Health Corp. turned in a better-than-expected first quarter as revenue grew from all parts of its business. But the health care giant chopped...
Textron tops Wall Street estimates with $191M profit in Q1
PROVIDENCE – Textron Inc. on Thursday reported a $191 million profit in the first quarter, a 1% increase year over year that also beat...
General Dynamics reports $730M profit in Q1
NORTH KINGSTOWN – General Dynamics Corp. logged a $730 million profit in the first quarter of 2023, remaining level year over year, the aerospace...
Sensata sees Q1 profit rise sharply to $86.4M
ATTLEBORO – Sensata Technologies Holding PLC on Tuesday reported an $86.4 million profit in the first quarter of 2023, a sharp rise from $22.4 million...
Raytheon reports $1.43B profit in Q1
WALTHAM, Mass. – Raytheon Technologies Corp. on Tuesday reported first-quarter profit of $1.43 billion, a 29% increase year over year.
On a per-share basis, the...
Fed’s Barkin: ‘Slow progress’ on inflation, sees more hikes
WASHINGTON (AP) – A top Federal Reserve official downplayed recent signs that the economy is strengthening, but also said he is prepared to keep...
Aspen Aerogels reports $82.7M loss in 2022
PROVIDENCE – Aspen Aerogels Inc. incurred an $82.7 million loss in 2022, a deeper plunge from a $37.1 million loss in 2021, the company...
Hasbro Inc.’s profits fall 53% to $203.5M in 2022
PAWTUCKET – Hasbro Inc. posted a $203.5 million profit in 2022, a 53% decline in net earnings from 2021, the company reported on Thursday.
Revenue...
U.S. inflation slows to 6.4%, but price pressures reemerge
WASHINGTON (AP) – The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans...
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