Articles

NYCB’s earnings estimates have tumbled as loss looms after tough quarter

Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans

What do Costco’s air fryers and gold bars have in common? Quite a lot, it seems.

Retail and marketing experts say the warehouse chain casts its spell on customers in a variety of ways.

IMF worried about global spillovers from loose U.S. fiscal policy

The International Monetary Fund on Wednesday turned its spotlight on the growing U.S. fiscal deficit, warning that it is now a risk to both the domestic economy and global economy.

The U.S. economy is on a hot streak it hasn’t seen in 20 years

The economy is on track to expand by at least 2% for the seventh quarter in a row. Just how strong is that? The last time the U.S. pulled off such a feat was 20 years ago.

Abbott Labs’ first-quarter results top estimates amid strong medical-device sales

Abbott Laboratories on Wednesday reported first-quarter sales and profit that topped expectations amid strength in its medical-device business.

Tesla again seeks support for Musk’s $56 billion pay deal after he got $0 last year

Tesla’s proxy showed that Elon Musk continued to receive no compensation for his role — but it also formalized the company’s latest attempt to change that.

Travelers’ stock having worst post-earnings day in 2 years after profit miss

Shares of Travelers Companies Inc. took a hit Wednesday, after the property casualty insurer missed expectations for first-quarter profit, combined ratio, and net premiums written, while total revenue beat views.

Oil prices slide for third day as geopolitical tensions ease

Crude oil traded lower on Wednesday for the third-straight day as prices of both the U.S. and international benchmarks continued to consolidate just below five-month highs reached earlier this month.

FTC is gearing up to block the proposed merger of Coach parent Tapestry and Michael Kors parent Capri: NYT

FTC’s five commissioners are due to meet next week to discuss the $8.5 billion deal.

U.K. pushes to create ‘smokefree generation’ by banning sale of cigarettes to anyone born after 2009

MPs voted to push forwards with a bill that would ban the sale of tobacco to anyone who is currently aged 15 or younger

Eli Lilly reports positive data in Phase 3 trial of weight-loss drug as treatment for sleep apnea

Zepbound reduced apnea effect by up to 63% and achieved about 20% weight loss after a year.

Why the bond market still holds the cards as Fed walks back its pivot talk

Fed Chairman Jerome Powell is indicating inflation appears to be stuck, a threat to expected rate cuts
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