Senator Tim Scott criticized Federal Reserve Chair Jerome Powell for deciding to remain on the Fed's Board of Governors after his term as chair ends, breaking a 75-year precedent where former chairs leave the board. Powell's continued presence blocks President Trump from gaining a majority on the board, as Powell's term as chair ends May 15 but he could serve on the board until 2028. This decision comes amid tensions between Powell and Trump, including an investigation into Fed cost overruns and Powell's congressional testimony. The Senate is expected to vote soon on Powell's successor, Kevin Warsh, after the investigation was dropped by federal prosecutors, clearing a political hurdle for Warsh's nomination.
AstraZeneca reported a 21% increase in core earnings per share to $2.63 for Q2 2026, surpassing analyst expectations of $2.50. Total revenue rose 6% to $15.38 billion, driven by strong sales in oncology and rare disease drugs, offsetting pressure fro...
American Tower Corporation's analyst price targets have dropped from $218.24 to $188 over the past year, reflecting cautious market sentiment. However, the company reported a robust 6.8% revenue growth in Q1 2026, driven by its international towers a...
Citizens Community Bancorp, Inc. reported a Q2 earnings per share (EPS) of $0.11, significantly missing analyst expectations of $0.41, marking a 73.17% earnings surprise. The company's revenue also fell short at $16.11 million, slightly down from las...
Rambus Inc. is poised for growth in the AI memory market as it prepares to release its quarterly earnings report. Analysts expect an EPS of $0.72 and revenue around $199.3 million, up from $180.19 million last quarter, driven by increased demand for ...
Alliance Resource Partners reported Q2 revenue of $551.6 million, slightly below estimates, due to lower coal prices despite higher sales volumes. The company saw a 33.9% rise in net income to $79.6 million, supported by strong oil and gas royalties....
