Wealth gap between millennials spurs a new class war
Klaus Vedfelt | Digitalvision | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The wealth gap between rich millennials and the rest of their age group is the largest […]
CVS Omnicare pharmacy in Vegas is first to join new pharmacy union
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on February 7, 2024. Patrick T. Fallon | AFP | Getty Images A CVS in Las Vegas has become the first location to join a new national pharmacy union, a milestone as organizers try to help […]
Richard Cordray to step down from job overseeing $1.6 trillion in federal student loans
The former CFPB director will end his tenure as head of the Office of Federal Student Aid in June.
Honda to build $11 billion electric vehicle hub in Canada
A brand-new Honda Pilot is displayed on the sales lot at Honda Marin in San Rafael, California, on Feb. 6, 2024. Justin Sullivan | Getty Images DEROIT — Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a “comprehensive EV value chain,” the Japanese automaker announced Thursday. […]
Here’s the scenario that ‘nobody’s really prepared for,’ says UBS Wealth’s CIO
UBS Global Wealth Management ‘s chief investment officer Mark Haefele says investors may need to consider an economic nightmare happening.
FDA approves Pfizer gene therapy Beqvez for treatment of hemophilia B
Pavlo Gonchar | Lightrocket | Getty Images The Food and Drug Administration on Friday approved Pfizer‘s treatment for a rare genetic bleeding disorder, making it the company’s first-ever gene therapy to win clearance in the U.S. The agency greenlit the drug, which will be marketed as Beqvez, for adults with moderate to severe hemophilia B […]
Gilead’s quarterly loss is narrower than expected
Gilead Sciences Inc.’s stock dipped 0.2% in after-hours trading Thursday, after the drug company’s adjusted first-quarter profit was narrower than expected.
Bristol Myers Squibb (BMY) earnings Q1 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty Images Bristol Myers Squibb on Thursday reported first-quarter revenue that topped expectations as sales of its popular blood cancer treatment Revlimid and blockbuster blood thinner Eliquis came in higher than expected. […]
U.S. pro pickleball group signs first international deal in India
A pickleball paddle and balls at the pickleball courts in Tropical Park on March 23, 2023, in Miami. (Jose A. Iglesias/El Nuevo Herald/Tribune News Service via Getty Images) Jose A. Iglesias | El Nuevo Herald | Getty Images America’s fastest-growing sport, pickleball, is going after a new frontier: India. The United Pickleball Association and Global […]
Here’s how much money the top 2024 NFL draft picks will earn on their rookie contracts
Dropping a few spots can cost players millions. In 2023, Kentucky quarterback prospect Will Levis was selected much later than expected, and lost out on tens of millions of dollars.
