The Food and Drug Administration approved a new Alzheimer’s drug from Eli Lilly that has been shown in clinical trials to modestly slow a decline in memory and thinking skills in people with the disease, the drugmaker said Tuesday. The drug donanemab, which will be sold under the brand name Kisunla, is an infusion of … Read more
CNN – The number of U.S. job openings rose unexpectedly in May, signaling continued stability in the nation’s labor market. Job openings rose to 8.14 million in May, from a downwardly revised 7.91 million in April, according to the latest Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) report released Tuesday. . … Read more
A Peloton bike inside a showroom in New York, US, Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images The peloton no longer faces an immediate liquidity crisis following a massive debt refinancing, but the company still has a long way … Read more
KPMG Chief Economist Diane Swonk reacts to the Federal Reserve’s decision to leave interest rates unchanged on ‘The Claman Countdown’. Federal Reserve Chairman Jerome Powell said on Tuesday that policymakers have made “enough” progress in fighting inflation, but he needs to see more evidence before he starts cutting interest rates. Speaking during a central bank … Read more
Here are Tuesday’s biggest calls on Wall Street: Mizuho reiterates Amazon as it buys Mizuho said it is standing by the e-commerce giant’s stock. “With that in mind, we’ve increased our belief in AWS acceleration and our forecast of 20% upside earnings growth. Keep AMZN as a top pick with a PT of $240.” Goldman … Read more
Football fans watch the NFL Super Bowl XLVIII game between the Denver Broncos and the Seattle Seahawks at a sports bar in New Jersey on February 2, 2014. Cem Ozdel Anadolu Agency | Getty Images A satellite dish is no longer the only way bars and restaurants can broadcast the National Football League’s Sunday Ticket … Read more
UPDATED, 1:30 p.m.: The long-awaited merger of theme park operators Cedar Fair and Six Flags has finally closed, creating what Six Flags called today “the largest and most diversified amusement park operator in North America.” The newly combined behemoth will operate under the Six Flags name and, appropriately, trade under the symbol FUN. The new … Read more
WASHINGTON, DC – Today, US Senator Sherrod Brown (D-OH), Chairman of the Senate Banking, Housing and Urban Affairs Committee, along with Senators Ron Wyden (D-OR), Tammy Baldwin (D-WI) and John Fetterman (D-PA) is calling on Synapse’s owners and banking and fintech partners to restore customers’ access to their money. Since mid-May, customers who entrusted their … Read more
PHILADELPHIA (WPVI) — It’s been a crazy few days for travelers who say they’ve endured delays and cancellations just to get to Philadelphia. Luggage was piling up once again at Philadelphia International Airport on Monday morning as frustrated passengers saw the weather put a damper on their holiday trip. “It’s very frustrating,” said Kimani McCarthy, … Read more
There are some new rules in California. Starting Monday, some of the hundreds of new laws passed by lawmakers and signed by Gov. Gavin Newsom last year went into effect. They include workplace violence laws, housing affordability, bar date rape test kits and repairs to your electronics. Most of the new state laws went into … Read more