Deira Trading Company

Immigrant workers are helping boost the U.S. labor market

The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth. Immigrant workers made up 18.6% of the workforce […]

Amgen soars on weight loss drug progress, Novo Nordisk, Eli Lilly slide

Amgen‘s stock rose more than 12% on Friday after the drugmaker teased positive initial data on its experimental weight loss injection.  That fueled investor concerns about new competition in the rapidly growing weight loss drug industry, sending shares of the current obesity players, Novo Nordisk and Eli Lilly, lower on Friday. Eli Lilly shares dropped […]

Walmart to shutter health centers, virtual care service

Walmart on Tuesday said it will close all of its health-care clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor’s office along with the grocery aisle.  The big-box retailer said it would also shutter its telehealth provider, which it acquired for an undisclosed amount […]

NYCB shares jump 30%, CEO gives plan for ‘clear path to profitability’

A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024. Spencer Platt | Getty Images New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial loans and higher expenses, but the lender’s stock surged on its new performance targets. The […]

Pfizer (PFE) earnings Q1 2024

Jakub Porzycki | Nurphoto | Getty Images Pfizer on Wednesday reported first-quarter revenue and adjusted profit that beat expectations and hiked its full-year profit outlook, benefiting from its broad cost-cutting program, a smaller-than-feared drop in sales of its Covid antiviral pill Paxlovid and strong non-Covid product sales. The company now expects to book adjusted earnings […]

CVS Health (CVS) earnings Q1 2024

CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. Shares of the company closed more than 16% lower on Wednesday, and were headed for their worst day since November 2009. The drugstore chain expects […]

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