Articles

Weight-loss stocks get a boost from new Biden proposal on drug coverage, but will it hold up?

The stocks of companies that make the new class of drugs to treat obesity and manage diabetes were higher across the board early Tuesday, after the Biden administration proposed a rule that would allow Medicare or Medicaid to cover the expensive medications.

Trump’s labor-secretary pick backs unions, but here’s why they aren’t celebrating just yet

While President-elect Donald Trump has tapped pro-union Rep. Lori Chavez-DeRemer to serve as secretary of his Labor Department, supporters of unions are taking a wait-and-see approach toward his selection of the Republican congresswoman from Oregon.

Oil prices bounce after Monday slump tied to Israel-Hezbollah cease-fire hopes

Oil futures rose Tuesday, taking back some of the ground lost in the previous session when investors reacted to reports Israel and Iran-backed Hezbollah were moving close to a cease-fire.

There’s more room for risk assets to rally — focus on policy, not politics, HSBC says

The backdrop for stocks is supportive despite the day-to-day Washington machinations

‘His divorce lawyer was completely useless’: My husband is on the mortgage of his ex-wife’s house. She’s behind on the loan. What can we do?

‘If he contacts the bank and asks to remove his name from the mortgage because he has no legal responsibility, will they force her to refinance?’

Mexico’s peso and Canada’s dollar fall on Trump’s 25% tariff threats

In a post on his social media platform Truth Social, Trump threatened to impose 25% tariffs on all goods imported from both the U.S. and Canada

The real reason Matthew McConaughey left L.A. 10 years ago to live on a $6 million Texas ranch

It was a career-boosting decision, and a gamble, when he turned down a $14.5 million action comedy.

Supermodel Cara Delevingne sells her L.A. mansion that was destroyed by fire for $4.6 million

Delevingne paid $7 million for the property in 2019, only to lose it to an enormous blaze last March.

ArcelorMittal delays green transition plans blaming lack of EU support

ArcelorMittal, the world’s second largest steelmaker, said it would be delaying plans to replace its coal fired blast furnaces with hydrogen powered facilities, citing a lack of EU support

Treasury yields rise after Trump threatens tariffs and ahead of Fed minutes

Bond yields inched higher after a pledge by president-elect Donald Trump to quickly impose tariffs on Mexico, Canada and China rattled markets.

Qualcomm’s interest in buying rival Intel is reportedly fading

Semiconductor maker Qualcomm Inc.’s interest in acquiring rival Intel Corp. is souring, Bloomberg News reported Monday night.

A big investor says Sleep Number’s board can’t be trusted on this crucial matter

After a long slump for Sleep Number Corp.’s stock price and weaker demand for its smart mattresses, one big investor, Stadium Capital Management, went public with its frustrations with the company on Monday, calling for a shakeup of its board and changes to what it said was a “flawed” search process for a new CEO.
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