Boeing reported a charge of nearly $5 billion related to delays in its 777X jet program on Wednesday. ...

Core Viewpoint - Power equipment maker Generac has lowered its full-year net sales growth forecast due to weaker demand for home standby and portable generators, attributed to a decline in power outages, resulting in a 9% drop in shares [1] Company Summary - Generac has revised its net sales growth forecast downward, indicating challenges in the market for home standby and portable generators [1] - The decline in power outages has significantly impacted demand for Generac's products, leading to the forecast adjustment [1] Industry Summary - The overall market for power equipment, particularly in the home standby and portable generator segment, is experiencing reduced demand due to fewer power outages [1]

Core Insights - Fiserv has lowered its annual revenue forecast for the second consecutive quarter, indicating ongoing challenges in its merchant business [1] Company Summary - The payments firm is experiencing slowing growth in its merchant business, which has contributed to the downward revision of its revenue expectations [1]

Core Insights - Phillips 66 exceeded Wall Street profit expectations for the third quarter, driven by robust refining margins [1] Company Performance - The company reported strong refining margins that contributed significantly to its profitability [1] Financial Highlights - The third-quarter profit surpassed analysts' forecasts, indicating a positive financial performance for Phillips 66 [1]

Eli Lilly and Walmart said on Wednesday they are partnering to expand access to single-dose vials of Lilly's weight-loss drug Zepbound, which will be offered for pick-up at Walmart pharmacies nationwide by mid-November. ...

Online marketplace Etsy named insider Kruti Goyal as its new chief executive officer, effective January 1, replacing Josh Silverman after eight years in the role. ...

Kraft Heinz lowered its annual sales and profit forecasts on Wednesday, signaling persistent weakness in demand for its pricier snacks and pantry condiments from budget-conscious consumers amid macroe... ...

Core Insights - HSBC has expanded its innovation banking business to Singapore, committing to allocate $1.5 billion to support startup companies in the region as part of a global initiative [1] Company Expansion - The bank's move to Singapore is part of a broader strategy to enhance its lending capabilities to startups globally [1]

Core Viewpoint - Valero Energy has appointed Homer Bhullar as the new Chief Financial Officer (CFO), effective January 1, 2026 [1] Company Summary - The appointment of Homer Bhullar as CFO indicates a strategic move by Valero Energy to strengthen its financial leadership [1]

Core Insights - Verizon exceeded Wall Street expectations for quarterly profit and wireless subscriber growth, driven by promotions related to recent iPhone launches [1] Financial Performance - Verizon reported better-than-expected quarterly profit, indicating strong financial health and effective cost management [1] - The company saw an increase in wireless subscriber additions, reflecting successful customer acquisition strategies [1] Market Dynamics - Promotions surrounding the recent iPhone launches played a significant role in attracting new customers to Verizon's services [1]