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Clover Health Tanks 12% As Healthcare Provider Q3 Sales Miss Estimate
Clover Health Investments reported quarterly sales of $482.07 million which missed the analyst consensus estimate of $494.60 million by 2.53 percent. This is a 43.74 percent decrease over sales of $856.82 million the same period last year.Clover Health shares tanked 12% in premarket trading Tuesday.Clover Health, a renowned healthcare provider, has recently made a significant revision to its projected 2023 Adjusted EBITDA outlook. As of November 6, 2023, the company has adjusted its estimated ea
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Powell Signals Fed to Stay on Hold and Keep Future Hike on Table
Additional evidence of strong economy may merit hiking: PowellFed chief says rising yields may lessen need for higher ratesFederal Reserve Chair Jerome Powell suggested the US central bank is inclined