Avnet, Inc. ( AVT ) shares traded lower Wednesday after the company reported third-quarter results. The company reported adjusted earnings per share of $1.10, missing the street view of $1.11. Avnet reported quarterly sales of $5.654 billion, missing the analyst consensus of $5.707 billion. “In the third quarter, we delivered results that were in line with our expectations, amidst economic softness and lower demand in the markets we...

01:30 PM EDT, 05/01/2024 (MT Newswires) -- UnitedHealth Group ( UNH ) Chief Executive Andrew Witty confirmed to the US Senate Committee on Finance that the company paid $22 million to the hackers who breached its subsidiary Change Healthcare in February. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable...

WASHINGTON, May 1 (Reuters) - The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China. The U.S. Treasury Department imposed sanctions on nearly 200 targets, while the State Department designated more than 80. The U.S. imposed sanctions on 20...

By Savyata Mishra and Juveria Tabassum (Reuters) - Global fast food giants may have to dole out steeper promotions to lure inflation-hit customers who are increasingly opting to eat at home, following weak sales from the likes of McDonald's and Starbucks ( SBUX ) this week. Disposable income in the United States is declining, particularly in the lower-income cohort, while...