03:27 PM EDT, 10/17/2024 (MT Newswires) -- Consumer stocks were softer late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%. In corporate news, Ferrari ( RACE ) on Thursday announced its new supercar, the F80, with a 1,200-horsepower V6 hybrid engine. Its shares rose...

On Tuesday, Johnson & Johnson ( JNJ ) reported a third-quarter adjusted EPS of $2.42, down 9.0% year-over-year, beating the consensus of $2.21. The pharmaceutical giant reported sales of $22.47 billion, up 5.2% year over year and beating the consensus of $22.16 billion. Operational growth was 6.3%, and adjusted operational growth was 5.4%. Innovative Medicine sales increased to $14.58 billion, up 4.9% (+6.3%...

On Tuesday, Goldman Sachs Group Inc. ( GS )  shares are trading higher after the company reported revenue of $12.70 billion for the third quarter, beating the consensus of $11.87 billion. Sales increased 7% Y/Y, reflecting higher net revenues in Global Banking & Markets and Asset & Wealth Management, partially offset by lower net revenues in Platform Solutions. Global Banking & Markets revenues were $8.55 billion,...

WASHINGTON (Reuters) -The Federal Communications Commission said on Thursday it was proposing to fine Walt Disney's ESPN network $147,000 for violating rules on broadcasting emergency alert tones during promotional segments for the start of the 2023-2024 NBA season. The use of the alert system or wireless emergency alert tones for any purpose other than official notifications is barred by FCC...