A big opioid settlement and a COVID-19 vaccine slowdown dragged on third-quarter earnings for Walgreens, but the drugstore chain still topped expectations.
Net income slid to $289 million in the quarter that ended May 31, the company said Thursday.
ATLANTIC CITY, N.J. (AP) — A week before it could walk out on strike against numerous Atlantic City casinos, the resort's main casino workers union warned that a strike could cost four casinos a total of $2.6 million a day in losses.
NEW YORK (AP) — The good news for stocks is that this year’s sell-off means they no longer look eye-wateringly expensive.
The bad news: That won’t matter if corporate profits give out.
A stock’s price rises or falls for essentially two reasons: how much cash a company generates and how much an investor is willing to pay for it.