World
Novo Nordisk vs. Eli Lilly: Analysts weigh in as the obesity-drug battle heats up
COPENHAGEN, Denmark — Analysts are paying close attention to Novo Nordisk and Eli Lilly , as the battle to dominate the weight loss drug market heats up. Europe’s largest company Novo Nordisk has dominated headlines since anti-obesity medication took off. It produces weight-loss and diabetes drugs Wegovy and Ozempic and saw its shares rise exponentially […]
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Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates
Traders work on the floor of the New York Stock Exchange on Aug. 16, 2024. Angela Weiss | AFP | Getty Images U.S. stock futures were flat Monday night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. Dow Jones Industrial Average futures traded near the flatline. Futures tied […]
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Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign canvass kickoff event at a Beaver County Field Office on August 18, 2024 in Rochester, Pennsylvania. Anna Moneymaker | Getty Images Vice President Kamala Harris is calling for raising the corporate tax rate to 28%, her first major proposal to raise revenues and […]
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The stock market is on a hot streak — the kind that comes during spectacular years for returns
The S & P 500 is on track to nab its longest winning streak of 2024. Historically speaking, that has recently been a good omen for how the rest of the year will shake out. The broad index saw its eighth straight advance Monday. That is the longest string of gains since November 2023. .SPX […]
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These high-yielding assets tend to do well in rate cutting cycles. What to know
As investors await the Federal Reserve’s first rate cut, those who are seeking income may want to consider preferred securities, according to a Bank of America analysis. The assets, which can have yields of roughly 6%, are a hybrid product that trade on exchanges like stocks but have par values and pay income like bonds. […]
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Trump Media shares hit post-merger low as DJT slump continues
Sopa Images | Lightrocket | Getty Images Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, was trading […]
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Bounce in small caps has further to run, according to the charts
A great complement to a trend-following or momentum-based strategy is one that is counter-trend. A counter-trend strategy utilizes technical indicators, such as the stochastic oscillator, to identify when a security is becoming overbought or oversold. We see an overbought condition as a natural byproduct of positive momentum, but it eventually takes its toll. Conversely, we […]
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British tech entrepreneur Mike Lynch reported missing after superyacht sinks off Sicily
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off the coast of Sicily, sources familiar with the matter told CNBC. The sources, […]
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Estee Lauder’s long-time CEO Fabrizio Freda to retire
Fabrizio Freda, President and CEO of Estee Lauder. Getty Images Estee Lauder said on Monday its long-time CEO Fabrizio Freda had decided to retire from the company at the end of fiscal 2025. Freda joined Estee in 2008 as president and chief operating officer and was later named the MAC lipstick maker’s CEO. Estee said […]
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AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to […]
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