Earnings preview: Outlook may be the number investors are looking for, even if Zoom posts its first billion-dollar quarter. Zoom founder Eric Yuan poses in front of the Nasdaq building on the stock’s first day of trading on April 18, 2019 in New York City.
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As the pandemic eases in much of the world, the need for Covid-19 tests is falling. Demand is dropping fast enough that Abbott Laboratories (ticker: ABT), a major manufacturer of rapid Covid-19 tests, is now sharply cutting earnings guidance for the year, the …
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It comes as Covid restrictions across Europe were scaled back, boosting economic activity. The figure plays into a debate about whether inflation after the pandemic could become a serious problem.
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First Midwest Bank and Indiana-based Old National Bank announced a $6.5 billion merger Monday that will create a regional bank with $45 billion in combined assets — and end the First Midwest name. The all-stock “merger of equals” will move …
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Mandel was chief economist of BusinessWeek, the predecessor to Bloomberg Businessweek (making him my former boss). He is also a senior fellow
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