10 drugs to face Medicare price negotiations: See the list
A pharmacist holds a bottle of the drug Eliquis, made by Pfizer Pharmaceuticals, at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters The Biden administration on Tuesday unveiled the first 10 prescription drugs that will be subject to price negotiations between manufacturers and Medicare, kicking off a controversial process that aims […]
Hawaiian Electric’s stock soars after update on cause of Lahaina fires
Shares of Hawaiian Electric Industries Inc. skyrocketed Monday after the electric company responded to a lawsuit filed by Maui County over the deadly Lahaina fires, by calling the suit “factually and legally irresponsible.” The company said that a fire in the area at 6:30 a.m. local time on Aug. 8 appeared to be caused by […]
This strategist says smart investors should hang on to stocks. Here’s why.
That the month of August is stacking up as something of a disappointment for stock investors shouldn’t be a huge surprise. The Stock Trader’s Almanac tells us that August has delivered the second-worst month for the S&P 500 over the past 35 years. September has also proved a bit bumpy somewhat, historically. With that in […]
U.S. stock futures hold recent gains as easing Treasury yields underpin sentiment
U.S. stock index futures were little changed Tuesday and holding latest gains as 10-year Treasury yields eased further from recent highs. How are stock-index futures trading S&P 500 futures ES00, -0.08% dropped 4 points, or 0%, to 4,438 Dow Jones Industrial Average futures YM00, -0.12% eased 37 points, or 0.1%, to 34,557 Nasdaq 100 futures […]
Investors skeptical about a ‘soft landing’ are more bullish on longer-dated bonds
Investors skeptical about a “soft landing” for the U.S. economy think now is a good time to consider buying long Treasury bonds. That’s because the economy looks to be revving back up, with the Federal Reserve Bank of Atlanta estimating a 5.9% gross domestic product growth rate in the third quarter, even though the Federal […]
Aston Martin IPO values James Bond’s favorite car brand at $5.6 billion
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its shares at £19.00 ($24.70), giving it […]
Ryanair’s strikes are hitting its profits and stock price
London CNN Business — Ryanair could be headed for a rough landing this year. Europe’s leading low cost airline slashed its profit forecast for the current fiscal year to between €1.1 billion ($1.27 billion) and €1.2 billion ($1.39 billion). That’s about €150 million ($174 million) less than the company had expected. Ryanair (RYAAY) said that […]
Goldman Sachs’ new CEO has a lot of work to do
New York CNN Business — It’s a new era at Goldman Sachs. David Solomon, the part-time electronic dance DJ who previously served as president of the company and co-head of its investment banking division, took the reins from Lloyd Blankfein on Monday as CEO. Blankfein, who had served as CEO since 2006 and will stay […]
US minimum wage by year
When President Franklin D. Roosevelt signed America’s first federal minimum wage into law in 1938, it was 25 cents per hour. Adjusted for inflation, that would be worth about $4.45 today. Scroll over the chart to see the US federal minimum wage through history, and what it would be worth in today’s dollars. Source: Bureau […]
California has a new law: No more all-male boards
New York CNN Business — Companies headquartered in California can no longer have all-male boards. That’s according to a new law, enacted Sunday, which requires publicly traded firms in the state to place at least one woman on their board of directors by the end of 2019 — or face a penalty. It also requires […]
