Author: Admin
J&J tops first-quarter profit estimates even as Stelara sales plunge
Johnson & Johnson beat first-quarter earnings expectations on Tuesday and raised its full-year forecast, as strong demand for cancer drug Darzalex and psoriasis treatment Tremfya more than offset a steep falloff in sales of its blockbuster autoimmune drug Stelara. And the company expressed confidence in its just-approved once-daily, oral psoriasis treatment, Icotyde, saying about 1,500 […]
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Treasury Secretary Bessent backs rate cuts but says he understands if the Fed wants to wait
watch now VIDEO1:5801:58 Treasury Secretary Bessent: Fed should wait and see on rate cuts Squawk on the Street Treasury Secretary Scott Bessent on Tuesday expressed confidence that inflation will moderate through the year, giving the Federal Reserve room to cut interest rates. Bessent added, though, that he understands if central bank policymakers take a cautious […]
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Lucid names auto industry outsider as CEO, expands Uber deal
Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026. Danielle DeVries | CNBC Lucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive. Silvio Napoli, who spent nearly 31 years at Schindler, is set […]
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Blackstone’s Joan Solotar says investors should separate ‘signal from the noise’ in private credit
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. Fears of rising defaults and a systemic crisis from private credit don’t reflect the underlying […]
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Oracle jumps for a second day, Bloom Energy soars 20% on AI data center power deal
A trader works as a screen shows the logo and trading information for Oracle on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 9, 2026. Brendan McDermid | Reuters Oracle‘s stock jumped 5% on Tuesday as software shares rebounded for a second session and the company broadened its […]
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U.S.-Iran talks could restart before ceasefire expires: Reports
U.S. Vice President JD Vance speaks to the media before boarding Air Force Two to return to Washington, D.C., after the White House announced he would be leading the U.S. delegation in upcoming peace talks with Iran, from Budapest Ferenc Liszt International Airport in Budapest, Hungary, April 8, 2026. Jonathan Ernst | Reuters The U.S. […]
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Global recession is inevitable if Strait of Hormuz stays shut, says Citadel’s Ken Griffin
Key Points “Let’s assume [the Strait is] shut down for the next six to 12 months — the world’s going to end up in a recession,” said Ken Griffin, CEO of Citadel. “There’s no way to avoid that.” As a result, the world is going to see a massive shift toward alternative fuel sources, including […]
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Evercore ISI pounds table on Sandisk. Bull case sees rally to $2,600
Evercore ISI is jumping on the Sandisk bandwagon, initiating coverage of the stock with an outperform rating and $1,200 price target. That implies 26% upside from Monday’s close. However, its bull case has the stock surging to $2,600 — a 173% jump. The flash memory storage company has been on a tear this year, already […]
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Iran war will hit UK growth the hardest of any rich economies, IMF says
The U.K. will suffer the biggest hit to growth of all of the world’s richest economies because of the Iran war, the International Monetary Fund warned on Tuesday. In its latest World Economic Outlook, the IMF projected that the U.K. economy will now grow by just 0.8% in 2026, down from 2025’s 1.3% projection. That’s […]
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A ‘systemic’ jet fuel shortage is brewing in Europe — and flights could be hit hard
Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images Europe’s airline industry is at risk of a “systemic” jet fuel shortage in the next few weeks if the Strait of Hormuz blockade continues, with the potential of hundreds of flight […]
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