Revenues rise across all major business segments, even as regulatory pressures build on prescription-drug middlemen and Medicare Advantage.
Futures Movers: U.S. oil prices drop below $70 for first time since March
Oil futures fall sharply Wednesday, pulling U.S. crude benchmark prices below $70 a barrel to their lowest since March.
: As Icahn’s stock slides another 20%, its bonds are also falling
Icahn Enterprises extended its prior-day losses on Wednesday after a short seller’s report took aim at the company.
Economic Report: Jobs report may show U.S. created fewest jobs in April in more than two years
The U.S. probably created fewer than 200,000 new jobs in April for the first time in more than two years, economists say.
Sustainable Investing: ‘Confusion and outright lies’: Congress and the importance of informed ESG policy-making
When lawmakers blame Silicon Valley Bank’s failure on ‘woke capitalism,’ it reveals a gross misunderstanding of sustainable investing, writes US SIF’s McGannon.
Economic Report: ADP says U.S. added 296,000 private-sector jobs in April, a nine-month high
Private-sector employment jumped in April by a nine-month high of 296,000, payroll processor ADP said, in a sign the U.S. labor market is still going strong.
Earnings Results: Estée Lauder stock suffering record selloff after profit miss, slashed outlook
Estée Lauder’s plunged toward a record selloff Wednesday, after the beauty products company missed profit expectations and slashed its full-year outlook.
Bond Report: Treasury yields remain lower after Fed takes interest rates above 5%
Treasury yields remain lower after Federal Reserve officials delivered a widely expected quarter percentage point interest rate hike and left the door open for more action if needed.
Economic Report: Businesses grow a bit faster, ISM finds. Economy still in OK shape.
Most U.S. businesses grew at a slightly faster pace in April, reflected by a closely followed ISM index that increased to 51.9% last month.
: SEC votes to arm investors with daily stock buyback data
The SEC will vote on a proposal that would require companies to disclose daily data on stock buyback activity.
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