Zelle payments top $1 trillion in 2024
The Zelle icon is displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images Zelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The firm said Wednesday that its user base jumped 12% […]
‘Rates are going to stay where they are’
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, […]
Palo Alto Networks’ stock is falling. Here’s what was missing from earnings.
The cybersecurity company says its ‘platformization’ strategy is working, but its latest report lacked oomph on a bookings metric.
CVS earnings: (CVS) stock rises
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada, on Feb. 7, 2024. Patrick T. Fallon | AFP | Getty Images After a dismal 2024, CVS Health could be starting to turn itself around. Some investors seem convinced, especially after the retail drugstore chain on […]
Trump unveils plan for reciprocal tariffs. Investors are relieved they’re not immediate.
President Donald Trump unveiled a plan Thursday that could lead to new reciprocal tariffs on U.S. trading partners.
As Trump ups tariffs, GM and Hyundai increase South Korean imports
President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018. Carlos Barria | Reuters DETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies on South […]
20 stocks of companies that have put up excellent numbers this earnings season, including a surprise
It’s a good sign when a company can increase sales rapidly while also maintaining pricing power and improving efficiency.
China biopharma deals rise with Summit, Merck
A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked more effective than Merck‘s Keytruda in a clinical trial. The company, Summit Therapeutics, licensed the drug from Chinese company Akeso Inc. In October, a group of life science investors announced they were putting $400 […]
CVS CEO defends PBMs, accuses drugmakers of ‘monopolistic’ practices
David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023. Al Drago | Bloomberg | Getty Images CVS Health CEO David Joyner on Wednesday defended controversial pharmacy middlemen like his company’s Caremark unit, which are widely accused of inflating prescription medication […]
Ben & Jerry’s maker set for listing on three exchanges as Unilever forecasts ‘slower start’
Unilever on Thursday moved forward with its plan to separate its ice cream-making division, saying it will be listed on three stock exchanges.
