Latest Market News

United Parcel Service Inc. UPS, +0.36% said Tuesday that of the more than 100,000 employees it plans to hire for the holidays, at least 60,000 will be hired in the coming weekend. The package delivery giant said its “UPS Brown Friday” will start Nov. 4, and will include more than 450 in-person and virtual hiring […]

Molson Coors Beverage Co. TAP, -1.31% said Tuesday its third-quarter profit fell 52% to $216.4 million, or 99 cents a share, from $453 million, or $2.08 a share, in the year-ago quarter. Adjusted earnings at the alcoholic beverage maker fell to $1.32 a share, from $1.75 a share. Net sales rose 4% to $2.94 billion. […]

Sealed Air Corp. SEE, -0.29% announced Tuesday that it agreed to buy Liquibox, the maker of bag-in-box sustainable fluids and liquids packaging and dispensing products for $1.15 billion. The packaging company said the acquisition is “highly complementary” to its Cryovac Fluids & Liquids business, which is the fastest growing area of Sealed Air. The company […]

Shares of Carvana Co. CVNA, -6.63% were surging more than 9% in premarket trading Tuesday after JPMorgan analyst Rajat Gupta ended his bearish call on the used-car retailer, upgrading the stock to neutral from underweight. Gupta wrote that Carvana was “not out of the woods” but that risks around the name “seem better understood.” He […]

Eli Lilly & Co. Inc. LLY, +0.61% said its new Type 2 diabetes treatment Mounjaro brought in $187.3 million in sales in the third quarter of the year, beating the FactSet consensus of $79.0 million. It was the therapy’s first full quarter on the U.S. market after receiving approval from the Food and Drug Administration […]

Pfizer Inc.’s PFE, -1.86% stock rose 3.4% before market open on Tuesday, lifted by the pharmaceutical giant’s third-quarter earnings. The company earned $1.51 a share on net income of $8.608 billion, compared with earnings of $1.42 a share and net income of $8.146 billion in the same period last year. On an adjusted basis, Pfizer […]