Novo Nordisk parent to buy Catalent to expand Wegovy supply
Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, November 21, 2023. Victoria Klesty | Reuters Novo Nordisk‘s parent company on Monday said it will acquire drug manufacturer Catalent in a $16.5 billion deal that could help boost the supply of the highly popular weight loss injection […]
Bond yields continue to back up after hot jobs data
Bond yields continue to rise on Monday, as investors react to news the U.S. economy continues to add jobs at a brisk pace. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 4.44%, up 7.5 basis points. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Y was 4.08%, […]
McDonald’s (MCD) Q4 2023 earnings
Visitors are attending a New Year event held by McDonald’s in Shanghai, China, on January 25, 2024. Costfoto | Nurphoto | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting: Earnings per share: $2.82 expected […]
Car insurance is up 43% since 2022. Here’s how to lower your premiums.
Anyone already feeling burned by sharp increases in their auto insurance rates over the last year should buckle up — it’s only getting more expensive. Car insurance premiums in the U.S. will continue to climb this year after rising more than 43% since January 2022, new research from Bankrate shows. “While we hope to see […]
Powell says economy’s strength allows Fed to be careful about rate cuts
Federal Reserve Chairman Jerome Powell on Sunday said that the strength of the economy allows the Fed to be “careful” in deciding when to cut interest rates. “With the economy strong…we feel like we can approach the question of when to begin to reduce interest rates carefully,” Powell said, in an interview aired on CBS […]
Studios rethink streaming strategy amid Wall Street profitability push
Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of “Mean Girls.” Paramount Paramount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first. As the media company and its rivals try to claw their way […]
Voyager’s Starlab space station buys SpaceX Starship launch
An artist’s rendering of the Starlab space station in low Earth orbit. Voyager Space / Starlab Space LLC A contract written in the stars. Private station Starlab will fly on a Starship rocket later this decade to get to orbit, the companies developing both spacecraft announced on Wednesday. Starlab — being built by Voyager Space […]
Stock investors fear ‘no-landing’ economy could spell trouble. What’s next?.
While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and Federal Reserve Jerome Powell’s comments during the past week could point to the possibility of “no landing,” where the economy is resilient while inflation stays target. Such a scenario […]
Macy’s CEO Tony Spring takes over for Jeff Gennette
Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024, succeeding longtime Macy’s CEO Jeff Gennette, right. Melissa Repko | CNBC Inside its headquarters in New York City’s Herald Square, Macy’s got ready to […]
Just in time for the Grammys, here’s a whiskey from country star Chris Stapleton
The bottle Traveller Whiskey, $39.99 The back story It’s the big Grammy Awards weekend. So here at Weekend Sip, that naturally has us thinking about the many artists and groups, from Jennifer Lopez to Lynyrd Skynyrd, with their own brand of booze. Now, you can add another name to the list: Country star Chris Stapleton, […]
