Target’s holiday sales show a rebound from third-quarter doldrums
Target’s stock soared 3.7% early Thursday, after the retailer raised guidance for a key metric in an update on its holiday sales after achieving records for both Black Friday and Cyber Monday promotional events.
Medicare $2,000 prescription drug cap may save enrollees thousands: AARP
Most Medicare patients who hit the new $2,000 cap on out-of-pocket spending for prescription drugs could see massive savings, despite changes in premiums, according to a report released Thursday by AARP. The findings suggest the cap could be a huge benefit to older adults in Medicare who struggle to afford high-cost drugs for cancer, rheumatoid […]
Treasury yields nudge higher from 9-day lows on cooler inflation data; retail sales up next.
Bond yields were inching up early Thursday, having plunged midweek to a 9-day low after a softer-than-expected inflation report raised hopes of more chances of interest rate cuts by the Federal Reserve this year.
Schizophrenia drug Cobenfy could treat Alzheimer’s
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb believes Alzheimer’s is the largest market for its newly approved schizophrenia drug, Cobenfy, which it expects to eventually generate billions of dollars in revenue. In […]
Disaster insurance is failing homeowners. The L.A. fires can be a turning point.
Government should focus on these 3 questions to help find solutions.
DOT sues Southwest, fines Frontier for ‘chronically delayed flights’
A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California. Kevin Carter | Getty Images The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights. The lawsuit follows a […]
JPMorgan Chase boosting buybacks after Dimon called stock expensive
CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Ludovic Marin | Via Reuters JPMorgan Chase executives said the bank would increase share buybacks so that a mounting pile of […]
Stocks surge on inflation data. Trump, bond yields hold the key to what’s next.
Investors await details of fiscal and tax policies under Trump’s second term — and the 10-year Treasury yield’s response.
FTC sues Deere over equipment repair costs for farmers
John Deere booth signage is displayed at CES 2023 at the Las Vegas Convention Center on January 6, 2023 in Las Vegas, Nevada. David Becker | Getty Images The Federal Trade Commission has sued agricultural equipment giant Deere & Company, arguing it holds a monopoly on repair services that raises costs and creates delays for […]
Crypto XRP reaches all-time high above $3. It now has the $4-plus range in its sights.
XRP reached an all-time high on Wednesday, which may open the gateway for the crypto to potentially reach as high as $4.40, a technical analyst said.
