Articles

Kohl’s stock sinks as sales keep falling, dashing hopes that a recovery has taken hold

The disappointing earnings report comes just one quarter after the stock had enjoyed a record rally after upbeat results.

Bill Ackman tries again with plan for IPO of Pershing Square and a new fund

Hedge-fund manager Bill Ackman is again trying to take his fund management company public alongside the launch of a new fund.

Scientists behind COVID-19 vaccine will depart BioNTech

The company’s co-founders said they are leaving to start a new mRNA-based company.

Saudi Aramco promises full production can be restored within days if Strait of Hormuz is reopened

Aramco’s CEO warns of “catastrophic consequences” for the oil market if the effective closure of the Straits Of Hormuz were to remain for an extended period. He was unenthusiastic about prospects for the U.S. Navy escorting tankers in transit.

Social Security is already the best antipoverty program we have — don’t make this radical change

Changing Social Security to a flat benefit for all would put both workers and the poor at risk.

Beware the risk of a scorched-earth strategy from Iran, say Bank of America strategists

Bank of America’s equity-derivatives strategists, led by Nitin Saksena, say it’s too early to celebrate.

Oil futures slide 8% as energy ministers set to meet on emergency reserves

Oil futures took another swift dive on Tuesday as world leaders consider releasing emergency supplies as the Iran conflict stretched into an eleventh day.

Ozempic maker Novo Nordisk gets another downgrade. The end’s in sight for its duopoly status, says TD Cowen.

Novo Nordisk on Tuesday received a broker downgrade, with the analysts arguing that its status as a duopoly in both diabetes and weight loss are under threat.

European bonds join Treasury rally as lower oil prices ease inflation fears

Benchmark Treasury yields are hovering near the middle of their months-long trading range as fears fade of an inflation shock caused by surging oil prices.

‘I promised my parents’: I take care of my brother who is developmentally disabled. I’m now retired. Am I doing enough?

“I have $560,000 in my IRA, $125,000 in stocks and $50,000 in savings.”

Trump announces sanctions relief to ease oil prices, says Iran war to end ‘very soon’

President Donald Trump said the U.S. is waiving oil-related sanctions on certain countries in an effort to ease crude prices, as he estimated the war with Iran would end “very soon.”

The NFL’s Dolphins are paying a record $99.2 million to get a player off their team

Here’s why some NFL teams are giving their players, including Tua Tagovailoa, staggering amounts of money to stop playing for them.
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