Reported about 2 hours ago
Eli Lilly is preparing for the launch of its experimental oral weight-loss drug orforglipron by building a pre-launch inventory worth nearly $550 million, as reported in its financial statements. This strategy is atypical for such a long lead time before launch, anticipated in 2026, and reflects Lilly's proactive approach to secure a competitive edge in the market against rival companies like Novo Nordisk and AstraZeneca. Analysts suggest that this inventory indicates significant sales potential, possibly reaching $10 billion by 2024.
Source: YAHOO
Reported about 2 hours ago
Hasbro's stock surged 11% after the company reported a significant increase in profits and optimistic long-term guidance. CEO Chris Cocks emphasized plans to cut $1 billion in costs by 2027 while noting stabilization in the toy industry. Despite challenges posed by anticipated tariffs, including a proposed reciprocal tariff from President Trump, the company remains focused on maintaining product value and exploring price adjustments to offset costs.
Source: YAHOO
Reported about 2 hours ago
The National Association of Homebuilders (NAHB) reports a decline in builder confidence to a five-month low as political uncertainty continues to affect the housing market. CEO Jim Tobin attributes this stagnation to high mortgage rates and regulatory challenges, including tariffs and immigration policies, which he believes are hindering the construction of new homes necessary to alleviate the affordability crisis. Regions like the Southeast and Southwest, attracting new residents, are also feeling these pressures.
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Mortgage rates have slightly decreased for the fifth consecutive week, averaging 6.85% for a 30-year fixed mortgage, while the 15-year rate fell to 6.04%. Despite recent inflation data and fluctuations in financial markets, prospective homebuyers are hesitant, leading to a 6% drop in applications for home purchases. Experts suggest that the stability of rates below 7% may encourage activity in the upcoming spring home-buying season.
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
President Donald Trump has proposed the idea of a 'DOGE dividend' that could see American taxpayers receiving tax refunds based on potential savings from Elon Musk's cost-cutting initiatives. While Musk's team claims savings of $55 billion, actual confirmed savings are closer to $4 billion, raising skepticism about the feasibility of substantial dividends. The initiative faces significant challenges, including governmental budget constraints and the necessity for congressional approval, prompting experts to question the viability of the promised refunds.
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Amazon's MGM Studios has secured creative control over the 'James Bond' franchise through a new joint venture with longtime rights holders Michael Wilson and Barbara Broccoli. This deal, announced on February 20, 2025, resolves previous uncertainties surrounding the franchise, ensuring that all parties continue to co-own it. Amazon, which acquired MGM in 2022, aims to take a more active role as fans anticipate the release of the next Bond film, following Daniel Craig's departure from the iconic role.
Source: YAHOO
Reported about 4 hours ago
Meta Platforms Inc.'s recent 20-day stock rally has prompted speculation that the company may consider a stock split, marking its first since going public in 2013. With shares reaching a record close of $736.67, many investors see this as a potential move to make the stock more accessible amid rising prices, similar to actions taken by other tech giants following significant gains. Analysts view this as a sign of confidence in Meta's future, reflecting expectations for continued growth.
Source: YAHOO
Reported about 4 hours ago
Michael Saylor's Strategy, formerly known as MicroStrategy, has raised $2 billion in a convertible bond offering, adjusting terms for investors to facilitate the capital. The funds will primarily be allocated to purchasing Bitcoin, with the company currently holding a sizable collection of the digital currency. The newly priced notes, due in 2030, have a conversion premium set at 35%, and the stock experienced a slight increase following the news.
Source: YAHOO
Reported about 4 hours ago
Carvana reported a strong Q4 with higher revenue and profit exceeding expectations, yet its shares fell over 14% following the earnings report due to analysts’ concerns about vague future guidance. The online car dealer's revenue reached $3.55 billion, a 32% year-on-year increase, while it achieved record adjusted EBITDA for the year. Despite its robust performance and growth projections for 2025, the company's shares dropped following the earnings announcement.
Source: YAHOO
Reported about 4 hours ago
The US labor market appears stable, with a slight increase in unemployment benefit claims. Despite fears of disruptions from federal government layoffs under President Trump's administration, economists believe the effects have yet to show in the broader economy. However, future layoffs may impact local economies, particularly in Washington D.C. and surrounding states. The current job market conditions allow the Federal Reserve to maintain interest rates while monitoring inflationary pressures from proposed policy changes.
Source: YAHOO
Reported about 4 hours ago
Palantir stock (PLTR) fell 10% for the second consecutive day after a Washington Post report indicated that the Trump administration is planning significant cuts to the defense budget over the next five years. This news casts doubt on the company's revenue, which is heavily reliant on government contracts. Defense Secretary Pete Hegseth suggested an annual budget cut of 8% could lead to tens of billions in reductions. While analysts express confidence in Palantir's long-term prospects and ability to adapt, the immediate market reaction has been negative.
Source: YAHOO
Reported about 4 hours ago
Treasury Secretary Scott Bessent stated that the US is not close to increasing long-term Treasury sales due to prevailing economic challenges like high inflation and the Federal Reserve’s quantitative tightening. He emphasized the importance of market conditions in determining future actions, while acknowledging the previous administration's impact on debt issuance strategies. Bessent also commented on the need for China to rebalance its economy and addressed concerns regarding the valuation of the yuan amid capital controls.
Source: YAHOO
Reported about 5 hours ago
EU trade commissioner Maros Sefcovic emphasized the importance of avoiding economic distress during trade discussions with the Trump administration, highlighting a potential willingness from the US to mutually lower tariffs to prevent unilateral measures and their retaliatory consequences.
Source: YAHOO
Reported about 5 hours ago
Palantir Technologies (PLTR) experienced further decline in its stock prices following an announcement from the Trump administration instructing a 8% annual cut in military spending for the next five years. Additionally, CEO Alex Karp's intention to sell nearly 10 million shares by September 2025 is contributing to the downward trend.
Source: YAHOO
Reported about 5 hours ago
Zurich Insurance reported an annual operating profit of $7.8 billion for 2024, slightly surpassing analyst projections, despite facing the impact of climate-related disasters like the California wildfires, estimated to cost the company $200 million pre-tax. The CEO noted that Zurich is primarily exposed to commercial businesses in the affected areas, while the company anticipates sustained growth in earnings through 2027. Additionally, Zurich plans to propose the election of Thomas Jordan to its board and has increased its dividend payout.
Source: YAHOO
Reported about 5 hours ago
After decades of being overseen by the same family, the producers of the James Bond films have transferred creative control of the franchise to Amazon MGM, marking a significant shift in its stewardship.
Source: YAHOO
Reported about 5 hours ago
Alibaba's stock surged over 7% after the company reported quarterly earnings that exceeded Wall Street expectations and emphasized a strong commitment to artificial intelligence, showcasing triple-digit growth in AI-related product revenue for six consecutive quarters. The tech giant plans significant investments in AI infrastructure over the next three years, anticipating high demand in the AI space, despite potential short-term impacts on profitability.
Source: YAHOO