Will tobacco stay on shelves at Walgreens? CEO Roz Brewer told @CNBC's @berthacoombs that is "under real scrutiny" as drugstore chain steps up its health-care focus. cnb.cx/3lHT1Ns $WBA
Vaccine mandates may have helped boost $WBA's Q4 results, but @WBA_Global CEO Roz Brewer says she's taking a hybrid approach on mandates for her retail workers, while executing on the company's cost-cutting initiatives amid rising costs all around. cnb.cx/2YVtbwL
Walgreens Boots Alliance is closing five stores in San Francisco because of rampant shoplifting www.bloomberg.com/news/articles/2021-10-13/walgreens-to-close-five-san-francisco-stores-on-shoplifting via @business @gutavsaraiva
On the upcoming #TimeForChange show I spoke to Walgreens Boots Alliance (@WBA_Global) Chief Diversity Officer about how they are holding themselves accountable in the space and their second public D&I report @YahooFinance. Tune in at 1pm EST live! finance.yahoo.com/videos
14 October, 2021 - 10:10am
Stocks were given an added boost by a big decline in weekly jobless claims, which fell below 300,000 for the first time since the peak of last year's COVID pandemic.
A record-high reading for factory gate inflation in China September, which followed surprisingly solid export data the previous day, suggests price pressure will ripple through the global supply chain over the coming months.
Alongside yesterday's faster-than-expected reading for September inflation in the United States, which returned to a 13-year high, and minutes detailing the Fed's aim of tapering the pace of its $120 billion in monthly bond purchases later this year, and investors now how a much-clearer picture of both the macroeconomic backdrop and the central bank's likely reaction.
Minutes of the Fed's September meeting, published yesterday, noted that FOMC members "generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of next year would likely be appropriate."
Still, with a series of big ticket earnings hitting the tape before the start of trading Thursday -- including Dow components UnitedHealth Group (UNH) - Get UnitedHealth Group Incorporated Report and Walgreens Boots (WBA) - Get Walgreens Boots Alliance Inc Report, as well as Citigroup (C) - Get Citigroup Inc. Report, Morgan Stanley (MS) - Get Morgan Stanley (MS) Report and Wells Fargo (WFC) - Get Wells Fargo & Company Report -- and a key reading of September retail sales slated for tomorrow, stocks are off to a solid start to the Thursday session.
Walgreens Boots Alliance shares were up 3.6% lower in pre-market after it posted stronger-than-expected fourth quarter earnings as pharmacy and retail sales gains boosted the Dow component's bottom line.
Wells Fargo shares slipped 1.65% in pre-market trading after the troubled lender posted third-quarter earnings that beat analysts forecasts amid broader improvement in the economy and net reserves.
Bank of America jumped 1.25% after it posted stronger-than-expected third quarter earnings Thursday as net interest income and improving loan growth put the lender in a solid position heading into the final months of the year.
UnitedHealth shares were also on the move, rising 5.3% after its adjusted third-quarter earnings beat analysts’ forecasts and the group raised its full-year outlook amid strong membership growth and lower negative Covid-19 after-affects on its operating costs.
Away from equities, global oil prices moved back towards the highest levels in seven years Thursday, adding to inflationary pressures in major economies around the world, as the International Energy Agency warned that power crises in Europe and Asia would boost crude demand through the end of the year.
"Record coal and gas prices as well as rolling blackouts are prompting the power sector and energy-intensive industries to turn to oil to keep the lights on and operations humming," the Paris-based group said in its monthly energy market report.
WTI futures for November delivery 39 cents higher from last night's close to start the session at $80.83 per barrel ahead of Energy Department stockpile data at 10:30 am Eastern time, while Brent contracts for December, the global pricing benchmark, were up 61 cents at $83.78 per barrel.