Harris’s economic plan falls short, but Trump has no compelling alternative
Harris and Trump promise us many financial benefits, but we need to know the costs.
Eli Lilly weight loss drug cuts risk of developing diabetes in trial
Eli Lilly’s highly popular weight loss drug reduced the risk of developing Type 2 diabetes by 94% in obese or overweight adults with prediabetes compared with a placebo, according to initial results from a long-term study released Tuesday. The late-stage trial on tirzepatide, the active ingredient in the company’s weight loss injection Zepbound and diabetes […]
Lowe’s (LOW) Q2 2024 earnings
A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images Lowe’s on Tuesday cut its full-year forecast, as the home improvement retailer’s quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken. The […]
Fed’s Jackson Hole meeting: A plan to cut rates gradually is emerging
The Federal Reserve will use its Jackson Hole retreat to outline to markets a gradual easing plan beginning at its mid-September meeting, economists said, ahead of the two days of discussions that will start Friday.
Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. Jason Alden | Bloomberg | Getty Images Boeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the […]
Apple stands out by this analysis — but watch Amazon and Nvidia as well
Apple could post free cash flow ahead of net income at a time when tech rivals’ heavy AI spending could prevent them from hitting that mark.
Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Alaska Airlines said that its plan to acquire Hawaiian Airlines has cleared the U.S. Justice Department after the period for antitrust […]
A record 60,000 home buyers backed out of deals in July. Here’s why.
Cancellations were highest in markets where the number of homes for sale have surged, Redfin says.
LVMH CEO Bernard Arnault’s family office invests in AI startups
World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | 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, […]
California retail crime laws aim to crack down on organized rings
California Democratic Gov. Gavin Newsom has signed 10 new bills into law that aim to combat retail crime in the state. The package, announced Friday, includes new laws that crack down on shoplifting, theft from a vehicle, organized theft, and online marketplaces where these stolen goods are sometimes resold. The new laws come after retailers […]
