Consumer sentiment sours as worries grow over outlook for U.S. economy
Confidence dropped 10% from January to the lowest level since late 2023.
Home sales drop sharply in January as prices hit high
A “For Sale” sign on a house in Philadelphia, Pennsylvania, US, on Friday, Aug. 16, 2024. Joe Lamberti | Bloomberg | Getty Images The U.S. housing market continues to weaken, as potential buyers face stubbornly high mortgage rates, high prices and limited supply of listings. Sales of previously-owned homes fell 4.9% in January from the […]
Eli Lilly Dan Skovronsky discusses weight loss drugs
Dan Skovronsky knows what makes a good obesity drug. As chief scientific officer at Eli Lilly, he’s already done it once with the company’s weekly shot, Zepbound. He’s trying to do it again with a more convenient daily pill, then repeat the feat with a shot that could be even more powerful than Zepbound. And […]
Home buyers are getting relief from lower mortgage rates. But these phantom costs could sneak up on them.
Mortgage rates are down to a nearly three-month low. But if you’re thinking of buying a home, beware of these hidden costs.
Amazon wins creative control of James Bond franchise from Broccoli family
Daniel Craig stars as James Bond in “No Time To Die.” Source: MGM Amazon is set to take creative control over the lucrative James Bond movie franchise from the Broccoli family, the company announced Thursday. The James Bond films have long been produced by Michael Wilson and Barbara Broccoli, who inherited the control from their […]
Why Walmart’s warning may have more to do with weight-loss drugs than tariffs
Walmart’s stock fell Thursday as quarterly earnings were expected to decline for the first time in three years, with strength in groceries and GLP-1 drug sales continuing to pressure margins.
Hasbro (HAS) earnings Q4 2024
Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential effect of Chinese tariffs on its business, as executives said the company is shifting manufacturing away from China. Hasbro Chief Financial Officer Gina Goetter said on the company’s fourth-quarter earnings call that the toymaker’s 2025 guidance — which includes adjusted EBITDA of […]
‘She acted as a mother to me growing up’: My stepmother remarried after my father died — and I’m left out in the cold. How can I claim my inheritance?
“Her intention is to bequeath her properties and investments to her current new husband.”
Rivian (RIVN) earnings Q4 2024
Rivian Automotive beat Wall Street’s fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025. The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the […]
Trump blasts Boeing Air Force One delays, but airlines grow upbeat
Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC President Donald Trump expressed frustration in recent days about the long wait for a pair of Boeing 747s that will serve as the new Air Force One planes. The jets are years behind schedule. Trump negotiated the $4 billion contract for the aircraft […]
