Amgen stock soars on weight loss injection progress as Novo Nordisk, Eli Lilly shares slide
Amgen’s update fueled concerns about potential new competition in the weight loss drug market, sending shares of Novo Nordisk and Eli Lilly lower.
SEC charges Trump Media auditor with ‘massive fraud’ on hundreds of companies, imposes lifetime ban
Trump Media, the owner of the Truth Social app, trades under the DJT ticker. Former President Donald Trump is the majority shareholder of the company.
U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%
Markets had expected job growth of 240,000 and the unemployment rate to hold at 3.8%.
Major corporations reluctant to make a splash at the 2024 political conventions
Reluctance to be seen as backing Trump was most often cited as a reason for the skittishness of many of the corporate donors and consultants who spoke to NBC News.
Apple’s falling iPhone sales don’t bother Wall Street so long as margins, buybacks are increasing
Apple shares jumped after the company’s earnings report on Thursday even though iPhone sales dropped more than expected.
Democratic senator aims at Amazon’s labor practices with first federal bill regulating quotas
The bill seeks to regulate productivity quotas used by warehouse employers, including Amazon.
Here come Apple’s quarterly results. This is what traders are watching
Analysts will be looking toward updates on China market demand, as well as generative AI updates ahead of Apple’s WWDC event next month.
Wall Street is confused and divided over how many times the Fed will cut rates this year
Most economists for the biggest forecasting firms expect the central bank will lower benchmark interest rates sometime later this year.
U.S. intelligence chief warns Congress of rise in cyberattacks
The new comments from Haines come as companies such as UnitedHealth Group, MGM Resorts and Clorox have been disrupted by cyberattacks in the past year.
Trump again won’t commit to accepting the presidential election results
The presumptive Republican nominee said he would “gladly accept the results” only “if everything’s honest” in an interview with the Milwaukee Journal Sentinel.
