Category: News
CVS to restore coverage of Zepbound, add Eli Lilly’s obesity pill to drug plans
CVS Health has announced plans to reinstate coverage for Eli Lilly’s weight-loss drug...
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Unusual Machines and other drone stocks surge on report Pentagon considering stakes in the industry
Shares of drone manufacturers soared on Thursday following a report that the Trump administration...
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Abercrombie shares jump 12% on earnings beat even as Iran conflict hits sales
Abercrombie & Fitch reported better-than-expected quarterly earnings, sending its shares up...
Read MoreWhat the AvalonBay, Equity Residential megamerger means for the apartment industry and rents
The proposed merger between AvalonBay Communities and Equity Residential is set to reshape the U.S. apartment industry, creating one of the nation’s largest real estate firms with a combined portfolio exceeding 180,000...
Read MoreTwo top Walmart executives leave company under new CEO John Furner
Walmart has announced the departure of two senior executives as new CEO John Furner takes the helm. Tom Ward, who served as chief operating officer of Sam’s Club, the company’s warehouse chain, is retiring after a...
Read MoreWalmart issues worse-than-expected outlook as high gas prices hit shoppers, shares drop 7%
Walmart shares fell 7% after the retail giant issued a weaker-than-expected outlook, citing the impact of high gas prices on consumer spending. CFO John David Rainey noted that higher tax refunds helped offset elevated fuel...
Read MoreDetroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms
Major U.S. automakers based in Detroit have eliminated over 20,000 salaried positions in the country, driven largely by the industry’s accelerating shift toward artificial intelligence and other technological advancements....
Read MoreWealthy donors stand to win double tax benefit if Trump Accounts allow stock donations
A proposed policy allowing stock donations to Trump Accounts could provide wealthy donors with a significant tax advantage. By contributing appreciated shares directly, donors would avoid triggering capital gains taxes that...
Read MoreCoinbase posts steep first-quarter loss after slide in crypto prices; shares fall 4%
Coinbase Global Inc. reported a surprise first-quarter loss and revenue that fell short of analyst estimates, sending its shares down 4% in after-hours trading on Thursday. The cryptocurrency exchange posted a net loss of $430...
Read MoreParabolic AI rally has bulls eyeing a comeback for this one-time meme metal trade
Silver prices experienced a sharp 7% increase on Monday, reaching their highest level since March. The rally was fueled by a resurgence in speculative interest, reminiscent of the meme metal trade that captivated markets earlier...
Read MoreUsed car prices fall for the first time this year and EV interest rises as gas prices spike
According to Cox Automotive, affordability remains a top concern for car buyers, influencing a shift in preferences. For the first time this year, used car prices have declined, while interest in electric vehicles is climbing...
Read MoreSpirit starts monthslong process of dismantling airline after biggest collapse in a generation
Spirit Airlines has returned to bankruptcy court to initiate the process of dissolving the carrier, marking the most significant airline collapse in decades. The low-cost carrier, which filed for Chapter 11 protection in...
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