Month: September 2024
Healthy Returns: More than 50 million privately insured adults could be eligible for GLP-1 drugs
Weight loss syringes of the brands “Wegovy”, “Ozempic” and “Mounjaro” are sold at In der Achat Apotheke in Mitte, Germany. Picture Alliance | Picture Alliance | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future […]
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RFK Jr. off North Carolina presidential ballot, state Supreme Court rules
Former independent presidential candidate Robert F. Kennedy Jr.’s name must be removed from North Carolina’s November ballot, the state’s Supreme Court ordered. The ruling Monday night may help Republican nominee Donald Trump against the Democratic nominee, Vice President Kamala Harris, in the key battleground state, and his chances in the national election. Trump has a […]
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Top banking analyst Mayo says Citi shares can double over the next 2-and-a-half years
Wells Fargo bank analyst Mike Mayo highlighted Citigroup stock as his favorite bank name on Tuesday while speaking on CNBC’s ” Squawk on the Street .” Shares of Citigroup could double over the next two-and-a-half years “simply by going back to tangible book value,” Mayo said. Citigroup sold for 73% of tangible book at the […]
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Economic ‘misery index’ that’s predicted every election winner since 1980 looking good for Harris, but it’s close
In this combination of photos taken in Pennsylvania, Democratic presidential nominee Vice President Kamala Harris speaks at a campaign event, Aug. 18, 2024, in Rochester, left, and Republican presidential nominee former President Donald Trump speaks during a campaign event, Aug. 19, 2024, in York. AP A gauge of economic misery that has a strong track […]
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Small caps are outperforming large caps. How to use charts to find buy candidates in the group
There has been a lot of discussion about the recent outperformance of the Russell 2000 Index , the small-cap benchmark, to the broader market Let’s take a look back at what the Russell 2000 has actually done and what specific areas of the index to look for opportunities. The outperformance of the iShares Russell 2000 […]
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AI-powered search startup Glean doubles valuation in new funding round led by Altimeter
Arvind Jain, CEO Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images AI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the tech company at $4.6 billion — more than […]
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Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
People shop at a store in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty Images The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely-expected interest rate cut soon. On Wednesday, the Labor Department’s Bureau of Labor Statistics will […]
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New Starbucks CEO Brian Niccol outlines priorities to end coffee chain’s slump
Brian Niccol, incoming CEO of Starbucks Anjali Sundaram | CNBC New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his first 100 days on the job before he moves to fix its issues abroad, according to an open letter published on Tuesday. The coffee giant named Niccol as chief executive […]
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Stocks making the biggest moves midday: Ally Financial, Southwest Airlines, Oracle and more
Check out the companies making headlines in midday trading: Ally Financial — Shares of the lender fell 17% after Ally Chief Financial Officer Russell Hutchinson said at an industry conference that credit challenges have increased during the third quarter, particularly with auto loans for retail customers. Mission Produce , Calavo Growers — Shares gained 20% […]
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Volkswagen scraps a slew of labor agreements as standoff with unions intensifies
Employees leave the Volkswagen plant in Zwickau after a works meeting. Europe’s largest car manufacturer had announced that, in view of the worsening situation, it would once again tighten its austerity measures at the core VW brand. Picture Alliance | Picture Alliance | Getty Images German automotive giant Volkswagen on Tuesday said it was scrapping […]
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