What history says about stocks and the bond market ahead of a first Fed rate cut
Investors are convinced the Federal Reserve’s next move will be to cut rates. But if the Fed does follow through, the timing of a cut could still trip up the markets. The table below from Ned Davis Research, using data going back to 1970, shows how the yield on the 10-year Treasury note BX:TMUBMUSD10Y has […]
Eli Lilly launches website to help patients get weight loss drugs
Drugmaker Eli Lilly announced on Thursday a new website that will allow patients to get a weight loss drug prescription through a telehealth provider — a move, the company says, that will improve access to the extremely popular and effective drugs, including its recently approved drug, Zepbound. The new website, called LillyDirect, joins a growing list of platforms like Weight […]
Ford reports 7.1% increase in U.S. vehicle sales
2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT – Ford Motor’s U.S. sales increased about 7% last year, marking the automaker’s best sales since 2020 but coming in lower than the overall industry’s growth. Ford on Thursday reported sales of nearly 2 million vehicles in 2023, a 7.1% increase from the previous year. The company […]
Peloton partners with TikTok, and shares race 14% higher
Peloton Interactive Inc. shares surged Thursday after the connected-exercise platform announced an exclusive partnership with TikTok. The deal will create a dedicated Peloton hub on the video-based social network with custom Peloton content, the companies said in a joint statement. TikTok users will be able to access live Peloton classes, instructor series, celebrity collaborations and […]
Online holiday spending rises to new record, Adobe Analytics says
A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics. Sales […]
Verizon’s problems ‘aren’t just narrative’ — but here’s the stock’s bull case
“The problems aren’t just narrative” when it comes to Verizon Communications Inc., according to Wolfe Research analyst Peter Supino. Yet he upgraded the stock to outperform from peer perform late Wednesday, writing that he and his team “really like” the risk-reward balance. Supino acknowledged that telecommunications investors have enjoyed a rough ride recently: “In 2023, […]
Walgreens (WBA) earnings Q1 2024
Shares of Walgreens closed 5% lower on Thursday after the company reported fiscal first-quarter adjusted earnings and revenue that topped expectations, but cut its quarterly dividend nearly in half. The retail pharmacy giant slashed its dividend to 25 cents per share from 48 cents per share to “strengthen [its] long-term balance sheet and cash position,” CEO […]
U.S. stocks pare gains as Nasdaq struggles to snap four-day losing streak
U.S. stocks were mostly higher on Thursday before trimming some earlier gains in midday trading as the S&P 500 headed for its first green session of 2024. Meanwhile, the technology-heavy Nasdaq Composite struggled to snap a four-day losing streak after kicking off the new year with a rough start. How are stocks trading The S&P […]
NCAA and ESPN ink 8-year, $920 million media rights deal
An ESPN GameDay logo is displayed at the Capital One Orange Bowl game between the Georgia Bulldogs and the Florida State Seminoles at the Hard Rock Stadium in Miami Gardens, Florida, on Dec. 30, 2023. Peter Joneleit | Icon Sportswire | Getty Images The NCAA and ESPN have reached a new eight-year media rights deal […]
Peloton partners with TikTok on classes, content
Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a new fitness hub on the social media platform dubbed “#TikTokFitness […]
