Month: May 2024
Nordstrom misses Wall Street’s earnings expectations, as off-price chain Rack lifts sales
A Citibike docking station outside the Nordstrom flagship store in New York, US, on Wednesday, Feb. 21, 2024. Bing Guan | Bloomberg | Getty Images Nordstrom on Thursday fell short of Wall Street’s quarterly earnings expectations, as its off-price chain Rack outperformed the rest of its stores. Despite the earnings miss, the Seattle-based department store […]
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Why half of all workers may struggle to get weight-loss drug health insurance coverage
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Companies are increasing access to new blockbuster weight-loss drugs for employees, but size of employer may make a big difference in early access. Small businesses and their workers are often stuck […]
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Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation […]
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BlackRock’s IBIT turns into premier spot bitcoin ETF, surpassing Grayscale’s GBTC: CNBC Crypto Entire world
ShareShare Short article by using FbShare Posting by using TwitterShare Article through LinkedInShare Report by using E-mail CNBC Crypto Planet functions the newest news and daily investing updates from the digital currency marketplaces and supplies viewers with a seem at what is ahead with substantial-profile interviews, explainers, and one of a kind stories from the […]
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Healthy Returns: Pfizer, Merck, J&J and more to release cancer drug data at industry conference
Attendees walk through the lobby at the American Society of Clinical Oncology annual meeting in Chicago. Tim Boyle | Bloomberg | Getty Images Think a friend or colleague should be getting this newsletter? Share this link with them to sign up. Good afternoon! This is Annika, and I’ll be on the ground at the American […]
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Fed’s Williams says inflation is too high but will start coming down soon
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, during the Market Forum: FX in Focus event in New York, on Thursday, Sept. 7, 2023. Victor J. Blue | Bloomberg | Getty Images NEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still […]
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Here are 5 stocks that are buys right here, right now
Let’s say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here. Ideally, what I would like members to be thinking about is a companion portfolio of up to a dozen stocks to a market index fund position — something we recommend for […]
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Stocks making the biggest moves midday: Salesforce, Kohl’s, HP, Best Buy and more
Check out the companies making the biggest moves midday: Salesforce — The cloud software vendor tumbled 20.5% after reporting weaker-than-expected revenue and issuing guidance that fell short of Wall Street’s expectations. Its fiscal first-quarter revenue was $9.13 billion, versus the $9.17 billion expected from analysts polled by LSEG. It was the first time since 2006 […]
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CNBC’s Inside India newsletter: Could markets sink even if Modi wins?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Women voters stand in line at a polling station during the sixth phase of […]
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This software stock is quietly one of the best tech stocks of the decade and Bank of America sees more gains ahead
Cadence Design Systems is well ahead of its artificial intelligence peers when it comes to delivering steady returns, according to Bank of America. The electronic systems design company is a “high-quality growth compounder” that’s “well levered to AI,” analyst Vivek Arya said in a Wednesday note to clients. Cadence develops software, hardware and intellectual property […]
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