Eli Lilly stock will continue to benefit from a strong second quarter thanks to the success of obesity drugs, according to Jefferies.
Mortgage demand drops again after FHA loan interest rate hits 21-year high
Mortgage interest rates soared across the board last week, as the rate on the government’s low down payment option increased to the highest level in 21 years.
Target is rolling out Starbucks curbside pickup across the country as it looks for sales jolt
Target is adding Starbucks curbside pickup as it tries to sweeten the shopping experience, especially as consumers buy fewer discretionary items.
Companies say organized retail crime is on the rise, but there’s no data to prove it
Retailers from Target to Dollar General and Foot Locker say theft is cutting into their profits, but their claims are almost impossible to verify.
Dollar eases as China deflation lures investors into risk assets
The dollar eased on Wednesday after data showed the Chinese economy slipped into deflation last month.
Companies are spending less on buybacks and investing more. How the trend is playing out for our stocks
It’s a shift in thinking from the last few years that could, in the end, drive even more shareholder value.
‘Long path to profitability:’ What analysts are saying about Rivian’s second-quarter numbers
These are the major takeaways from analysts on Wall Street after Rivian’s second-quarter earnings.
Italian bank stocks rebound as government waters down windfall tax
Italian bank shares rebounded on Wednesday after the government watered down a surprise windfall tax on excess profits announced earlier this week.
Sony raises forecast on PlayStation gaming growth but profit drops 31% in first quarter
Sony on Wednesday reported a 31% fall in profit in the June quarter — but raised full-year sales forecasts on the back of strength in its PlayStation business.
Explosion at military supply plant near Moscow injures at least 45; UN condemns strikes on Pokrovsk
An explosion at an optical-mechanical plant near Moscow injured at least 45 people, Reuters reported Wednesday, citing local officials.
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