Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar
The success of Eli Lilly’s weight loss and diabetes drugs Zepbound and Mounjaro caused the company to hike its guidance.
10-year Treasury yield hovers near 4.00% after jobless claims decline
U.S. Treasury yields rose Thursday after weekly jobless claims data appeared to show a resilient labor market.
NASA has about a week to decide on returning Boeing’s Starliner with crew or empty
The agency expects to decide “roughly by mid-August,” a deadline driven by the scheduled launch of the next NASA crew.
Nearly half of student loan borrowers are expecting debt forgiveness, Sallie Mae report finds
Nearly half of student loan borrowers are anticipating debt forgiveness in the future. Here’s how that might happen.
In a reversal, Disney’s media assets are starting to generate more excitement than its parks
For the first time in more than two years, Disney’s media assets are outshining the parks division.
Here’s how families are covering the rising cost of college
To cover the rising cost of college, most families have to rely on a combination of resources. This year, student loans are making up a larger share.
Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast
The company said it saw strong demand for its services, which include software for online merchants, despite “a mixed consumer spend environment.”
Top investors on the market volatility: Oakmark’s Bill Nygren’s buy list
Many investors advise against buying the dip just yet, as they expect it’s better to wait for markets to right themselves before scooping up opportunities.
Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners.
10-year Treasury yield rises to 3.94%, back to Friday’s levels
Treasury yields were higher Wednesday as global markets reversed course from Monday’s equity sell-off.
