Month: February 2025
Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters Eli Lilly on Tuesday released higher doses of its weight loss drug Zepbound in single-dose vials at as much as half its usual monthly list price to reach more patients without […]
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Bitcoin drops to a 3-month low below $90,000 in risk-off move
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Bitcoin fell through the $90,000 level overnight, weakened by sell pressure in equities as the crypto market awaits its next catalyst. The price of bitcoin fell 6% […]
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Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak
Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects. For the full year ahead, the company said it expects total sales to grow by 2.8% and comparable sales, which takes out the impact of one-time factors like […]
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CNBC Daily Open: U.S. takes aim at neighbors with tariffs again
U.S. President Donald Trump in the Oval Office of the White House in Washington on Feb. 13, 2025. Kevin Lamarque | Reuters It’s quiet… too quiet. After a few quiet weeks on the tariff front, U.S. President Donald Trump has again set his sights on Canada and Mexico, promising that tariffs paused earlier this month will […]
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Markets relieved by German election result, but key industries remain mired in uncertainty
Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. Germany Finance Minister Christian Lindner, leader of the free market-leaning FDP, issued a position paper on Friday calling for tax cuts and a slower approach to emissions reductions. Bloomberg | Bloomberg | Getty Images Germany’s election result delivered a […]
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European markets head for mixed open as lackluster sentiment spreads
European stocks are expected to open in mixed territory Tuesday as a lukewarm mood pervades global markets. The U.K.’s FTSE 100 index is expected to open unchanged at 8,637, Germany’s DAX down 29 points at 22,381, France’s CAC 2 points lower at 8,084 and Italy’s FTSE MIB 27 points higher at 38,542, according to data from […]
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Putin says Europe is needed in Ukraine talks, but suggests deal still distant
Europe’s participation in Ukraine peace talks will be needed eventually but Moscow first wants to build trust with Washington, President Vladimir Putin said on Monday, while suggesting that a deal to end the conflict may still be far off. As Ukraine marked the third anniversary on Monday of Russia’s invasion that has killed thousands of civilians and displaced millions, […]
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Indonesian prosecutors arrest three Pertamina unit executives over oil imports
Indonesia’s Attorney General’s Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports that cost the state $12 billion, a senior official said. Yasuyoshi Chiba | Afp | Getty Images Indonesia’s Attorney General’s Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports that cost […]
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U.S. says OKX crypto exchange operator enters $505 million guilty plea
Thomas Fuller | Sopa Images | Lightrocket | Getty Images The operator of the OKX cryptocurrency exchange pleaded guilty on Monday to violating U.S. anti-money laundering laws and will pay nearly $505 million in fines and forfeited fees, the U.S. Department of Justice said. Aux Cayes FinTech Co, a Seychelles-based entity, admitted to one count of operating […]
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Bank of Korea cuts rates to lowest since August 2022 to boost sluggish growth
People walk past the Korea Exchange (KRX) building in Seoul, South Korea, on Dec. 9, 2024. Daniel Ceng | Anadolu | Getty Images South Korea’s central bank cut rates by 25 basis points Tuesday to their lowest since August 2022, as it strives to stimulate a slowing economy. The Bank of Korea cut rates to […]
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