Walgreens Boots Alliance (WBA) released its second quarter earnings, revealing $37.05 billion in revenue for the quarter, beating expectations of $35.86 billion. The company also reported a net loss of $6 billion due to the decline in the value of its investment in VillageMD. Citing a challenging retail environment, Walgreens narrowed its 2024 earnings outlook. Yahoo Finance Reporter Anjalee Khemlani joins The Morning Brief to contextualize the earnings beat and the new leadership's priorities. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Nicholas Jacobino
NEW YORK (AP) — Stocks are holding relatively steady as Wall Street coasts into the close of its latest winning month and quarter. The S&P 500 was little changed early Thursday after setting an all-time high the day before. It’s roared roughly 10% in the first three months of the year as the market continues a nearly unstoppable run that began last October. The Dow Jones Industrial Average edged up 18 points, and the Nasdaq composite was down 0.1%. Both are also close to their records. Treasury
U.S. federal agencies must show that their artificial intelligence tools aren't harming the public, or stop using them, under new rules unveiled by the White House on Thursday. “When government agencies use AI tools, we will now require them to verify that those tools do not endanger the rights and safety of the American people,” Vice President Kamala Harris told reporters ahead of the announcement. Each agency by December must have a set of concrete safeguards that guide everything from facial
(Bloomberg) -- Newly elected Senegalese President Bassirou Diomaye Faye plans to revisit the contracts of oil and gas projects developed by BP Plc, Kosmos Energy Ltd. and Woodside Energy Group Ltd. in order to boost revenue for the state.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsBiden Gains Ground Against Trump in Six Key States, Poll ShowsDubai Is Losing Its Allure for Wealthy RussiansChina Property Crisis Is Rippling Through Its Biggest BanksJapan Amps
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