2-year Treasury rallies on wave of risk-off sentiment, sending yield to lowest in more than five months
Investors flocked to short-term U.S. government debt on Wednesday, pushing the 2-year yield to its lowest level in more than five months, as risk-off sentiment swept the global stock market following disappointing tech-related earnings results and a weak reading on eurozone activity.
Pfizer’s gene therapy for hemophilia A succeeds in late-stage trial
Kena Betancur | Corbis News | Getty Images Pfizer on Wednesday said its experimental gene therapy for a rare genetic blood-clotting disorder succeeded in a large late-stage trial, paving the way for a potential approval. The treatment for hemophilia A could become the company’s second gene therapy to enter the U.S. market after Beqvez, which […]
German bond yields dive as eurozone economy stalls
German government bond yields fell sharply on Wednesday, after surveys showed activity in the eurozone all but stalled this month as the bloc’s biggest economy contracted.
Lawmakers unveil PBM reform bill amid rising drug costs
Feverpitched | Getty Images Bipartisan lawmakers introduced a new bill on Tuesday that aims to crack down on the business practices of drug supply chain middlemen who are widely accused of inflating prescription medication prices and harming U.S. patients and pharmacies. The legislation aims to ensure community pharmacies can provide care to patients enrolled in […]
Perfect for sipping margaritas on the patio, this was Jimmy Buffett’s sweet and breezy Palm Beach pad, listed for $7.25 million
The 3-bedroom residence brims with charm, and it’s just a short stroll to the Atlantic Ocean-facing sands.
GM slows its EV plans again even as sales grow
GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT – General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck plant and the Buick brand’s first EV. The six-month delay […]
Coca-Cola (KO) Q2 2024 earnings
Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter. For 2024, Coke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to 9%. The company also raised its outlook for comparable earnings growth to a range of 5% to […]
By backing Trump, Tesla’s Elon Musk seems to be ignoring reality once again
Tesla Inc. Chief Executive Elon Musk appears not to care about how polarizing his recently espoused political views are to the core customer base for electric vehicles.
Best Buy unveils plans to grow sales, cash in on AI
Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBC Best Buy on Tuesday announced new plans to try to reverse a two-year sales slump and cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of innovation. The consumer electronics retailer said it would […]
Is this ETF a ‘meme stock’ now? Google searches are spiking for one small-cap fund.
Investors have been increasingly looking for ways to join in on the rally in small-cap stocks, with Google searches for one small-cap ETF surging to a multiyear high last week.
