BlackRock is offering target-date exchanged-traded funds aimed at helping people save for their retirement outside of a 401 (K) plan.
: Pfizer to more than double price of its COVID antiviral once drug moves to commercial market
The listing price for Paxlovid is more than double what Pfizer charged the federal government during the COVID-19 pandemic.
The Ratings Game: It turns out Disney’s ESPN isn’t eroding. But here comes the hard part.
Disney largely soothed Wall Street’s fears with its latest financial disclosures, which showed steady revenue for ESPN. Yet here comes the hard part.
: Altria’s NJOY files lawsuit against 34 foreign and U.S. disposable-vape companies
The suit claims Chinese and U.S. vape companies are not complying with the law and seeks damages and an injunction on imports.
Earnings Outlook: Google earnings preview: Ad spending is accelerating despite antitrust battle with feds
The dominant search-engine business continues to rack up billions of dollars in advertising sales despite an overall downturn in that market.
: It’s National Get Smart About Credit Day. Here are 7 facts you might not know about credit.
One in five members of Gen Z say they “only understand credit scores a little or not at all,” according to a survey by FICO.
Economic Report: Mortgage rates near 8%, rising for the sixth week in a row
The 30-year mortgage rate is averaging 7.63%, Freddie Mac said in its latest weekly survey on Thursday.
The Fed: Powell says more strong data like September reports could warrant further interest-rate hikes
Fed Chairman Jerome Powell said Thursday that additional signs of a resilient economy may warrant further tightening of monetary policy.
The Ratings Game: Blackstone’s earnings miss draws a downgrade at CFRA
Kenneth Leon of CFRA cuts Blackstone to neutral after the alternative-asset manager missed earnings target as higher interest rates challenge its business.
Market Extra: Why stock-market investors are fixated on 5% as 10-year Treasury yield nears key threshold
The benchmark 10-year rate, used on everything from mortgages to student and auto loans, may be poised to burst through 5%.
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