Donald Trump is embracing cryptocurrency in his bid for the White House, and the crypto industry is hugging back.
Eli Lilly said Friday that it has applied for U.S. regulatory approval to expand the use of its weight-loss drug Zepbound to include treatment of sleep apnea, as new data show the drug may help many people breathe easier at night.
Investors poured money into technology funds at a record pace over the past week, as surging demand for artificial-intelligence winners like Nvidia helped the chip designer briefly eclipse Microsoft as the world’s most valuable company.
The Federal Reserve may increase stress capital buffers at Truist Financial Corp. and KeyCorp and ease them for Goldman Sachs Group Inc., Citigroup Inc. and other big banks when the central bank releases stress-test results Thursday, analysts at KBW said.
This analyst is recommending buying the bonds given the company’s huge free cash flow and minimal leverage.
A Wolfe analyst doesn’t think next week’s earnings report will prove a “meaningful catalyst” for Micron shares. He’s more enthused about earnings power over the medium term.
Aggregate retail-investor portfolios are beating market benchmarks like the S&P 500 this year and closely trailing the Nasdaq, according to data from Vanda Research.
Rising tensions in the Middle East following an Israeli military attack on Hezbollah targets in southern Lebanon are bound to raise concerns about crude supplies in the region, yet failed to contribute to a rise in oil prices on Friday.
Also: How to broaden your exposure to semiconductor stocks, help with retirement planning, and a complex financial crime.
Bank of America, Citibank, Goldman Sachs and JPMorgan are flagged, while BNY Mellon, Morgan Stanley, State Street and Wells Fargo get passing grades.
The fate of proposals to increase taxes on ultrarich Americans may have wait for the results of November’s congressional and presidential elections.
Commodities have erased most of their 2023 losses in just the first half of this year, with the “China effect” partly to blame for changes in metals prices. Analysts aren’t surprised.
Existing-home sales fell to a rate of 4.11 million in May, the National Association of Realtors said.
The leading index for the U.S. economy sank again in May, declining for the third month in a row, but it “doesn’t currently signal a recession,” the Conference Board said.
It’s really living up to its nickname: ‘The Champagne of Beers’
“We are looking for income in retirement.”
The U.S. economy expanded in June at the fastest pace in more than two years, a pair of S&P surveys found, amid growing optimism among business leaders about the future.
Consumers in areas where pot is legal say they’re drinking less alcohol, according to data cited by Bernstein analyst Nadine Sarwat.
An analyst thinks Palantir will see AI benefits but deems the stock’s valuation to be steep on a relative basis and given industry pressures.
The offering is aimed at boosting liquidity and paying down part of a $2 billion revolving-credit facility.
