U.S. News
CNBC Sport: This year’s March Madness will test the health of Cinderella
NIL and the transfer portal has put smaller school men’s basketball runs at risk, potentially harming many positive externalities for non-Power 4 universities.
FDA approves higher dose version of weight loss drug Wegovy as Novo Nordisk tries to win back market share
The high-dose Wegovy helped patients with obesity lose an average 20.7% of their weight after 72 weeks in a phase three trial.
Meta to cut back on third-party vendors in favor of AI for content enforcement
Meta is beginning a multiyear rollout of more advanced AI systems that will handle content enforcement-related tasks like catching scams and illegal media.
Tesla faces intensifying NHTSA probe of ‘Full Self-Driving’ in reduced visibility
The investigation involves Model S, X, 3, Y and Cybertruck EVs that can use the company’s FSD-branded driver assistance systems.
January new home sales plunge to the lowest pace since 2022
New home sales fell to the lowest level in four years, despite lower interest rates and builder incentives.
Traders now see little chance of an interest rate cut this year following Fed decision
All of the positive economic talk out of this week’s Federal Reserve meeting had a negative impact on investors
Real estate could be the big winner in the private credit exodus
Non-traded, publicly registered REITs raised $593 million from investors in January, an increase December, according to Stanger Investment Banking.
Eli Lilly’s next-generation obesity drug retatrutide clears first late-stage diabetes trial
Lilly is betting big on retatrutide as the next pillar of its obesity portfolio after its weight loss injection Zepbound and its upcoming pill, orforglipron.
Here are the five key takeaways from this week’s Fed meeting
While no one expected the Fed to cut — much less hike — at this meeting, the market always looks for clues about what’s next.
Analysis: The Fed’s Powell just delivered a new blow to Warsh’s plans for swift rate cuts
Oil prices were always going to be a problem for the next Fed nominee. On Wednesday, Jerome Powell outlined another worry.
Micron revenue almost triples, tops estimates as demand for memory soars
Micron’s stock has soared this year while its tech peers have struggled, as the impact of rising memory costs ripples across the industry.
Amazon says U.S. Postal Service ‘walked away at the eleventh hour’ in negotiations
Amazon said it was working toward a new agreement with the U.S. Postal Service to increase volumes before talks fell apart.
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