Dialysis company shares plunge after Ozempic trial success vs. kidney trouble
Fixes story to correct spelling of analyst’s name. The trial success of Novo Nordisk’s hit drug against kidney failure sent shares of a German kidney dialysis services firm plummeting on Wednesday. Fresenius Medical Care shares FME, -19.19% FMS, +0.92% slumped as much as 24%, and shares of its part owner Fresenius FRE, -10.87% lost as […]
Number of people with $100 million has doubled since 2003
Mbbirdy | E+ | Getty Images The population of the super wealthy, or those worth $100 million or more, doubled over the past 20 years as asset prices soared around the world, according to a new report. There are now 28,420 so-called centi-millionaires worldwide, up 12% over last year and more than twice the number […]
Walgreens names Tim Wentworth its new CEO
Drugstore chain Walgreens Boots Alliance Inc. named Tim Wentworth as its new chief executive Tuesday night. Wentworth — the former CEO of pharmacy-benefits manager Express Scripts — first announced the news in interviews with the Wall Street Journal and Bloomberg News. In statement Tuesday night, Walgreens WBA, +0.49% confirmed his appointment, effective Oct. 23. Wentworth […]
GM, Canadian autoworkers union Unifor reach deal to end strike
Unifor worker Rob Nimigon holds a flag at a picket line outside an entrance to the GM’s Oshawa assembly complex, where the company’s profitable Chevrolet Silverado trucks are built, after 4,300 unionized workers went on strike at three General Motors plants, including Oshawa, Ontario, Canada October 10, 2023. Arlyn Mcadorey | Reuters DETROIT — General […]
Family Dollar recalls dozens of P&G, J&J, Colgate products in 23 states
Family Dollar voluntarily recalled dozens of over-the-counter drugs, products and medical devices sold at its stores because they had been stored at improper temperatures, according to the Food and Drug Administration late Tuesday. On the FDA’s website, the regulator said products affected by the recall were stored “outside of labeled temperature requirements by Family Dollar […]
Birkenstock expects to price IPO at $46 per share
Birkenstock models stand in a retail store of the shoe manufacturer. The company plans to go public in New York. Sebastian Christoph Gollnow | Picture Alliance | Getty Images Birkenstock, the longtime German shoe brand known for its comfy and durable styles, is expected to price its IPO at $46 per share on Tuesday, giving […]
Taylor Swift Eras Tour film: What to expect
Taylor Swift performs onstage for the opening night of her The Eras Tour at State Farm Stadium in Glendale, Arizona, on March 17, 2023. Kevin Winter | Getty Images Take us to church, Taylor. Starting Friday, Taylor Swift’s The Eras Tour film arrives in theaters, and with it comes a certain expectation of exuberance from […]
Treasury yields plunge as market sees prospect of no more Fed rate hikes
Treasury yields continued to move sharply lower into Tuesday afternoon trading, as fed funds futures traders priced in a high likelihood that the Federal Reserve may not raise interest rates again. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y slipped 12.8 basis points to 4.949% from 5.077% on Friday. It was headed for its […]
Nike, American Eagle, Lululemon among favorite brands for teens: Survey
A customer shops at the Nike store on December 21, 2021 in Miami Beach, Florida. Joe Raedle | Getty Images Teens are a notoriously fickle bunch — but the group is also often on the leading edge of many trends the rest of us eventually adopt. In many ways, the cohort’s spending habits reflect those […]
Momentum traders set to buy the S&P 500 ‘in every scenario,’ says Goldman Sachs
Stocks are pointing to more gains, as yields go tumbling. Reopening after a holiday, bonds are rallying in part due to haven seeking after Hamas’ deadly attacks on Israel. But also, two Fed officials talked down interest rate hikes on Monday — more speakers are ahead for Tuesday. Investors, especially oil traders, will obviously be […]
