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Consumer confidence fell sharply in February, hitting its lowest level since 2022, as concerns over trade policy and inflation expectations rose. The Conference Board's index fell to 98.3, driven by a drop in the outlook for income, business, and labor market conditions. Average 12-month inflation expectations also jumped to 6%, the highest since September 2022.
Published on: February 25, 2025, 05:01 PM UTC
Hims & Hers (HIMS) stock plunged 26% on Tuesday despite a better-than-expected Q4 report, as investors worry about potential revenue loss from discontinued compounded weight-loss drugs. CFO Yemi Okupe downplayed these concerns, highlighting the company's diversified revenue stream and strong outlook for 2024, but Wall Street remains cautious amid industry-wide changes in semaglutide availability.
Published on: February 25, 2025, 05:01 PM UTC
Apple Shareholders Reject Proposal Against DEI Policies as Conservative Pushback Grows
Published on: February 25, 2025, 05:00 PM UTC
The European Commission plans to reduce the number of companies facing EU sustainability reporting requirements, as part of its drive to cut red tape for businesses.
Published on: February 22, 2025, 07:00 PM UTC
U.S. Treasury Secretary offers plan for economic partnership with Ukraine, proposing a fund for long-term reconstruction and development.
Published on: February 22, 2025, 07:00 PM UTC
South Carolina is a top destination for out-of-state moves, with a booming population and job market, attracting residents seeking a warmer climate, lower cost of living, and coastal communities.
Published on: February 22, 2025, 06:01 PM UTC
MrBeast lost "tens of millions of dollars" on his Amazon show "Beast Games" despite its success. The YouTuber says he has "less than a million dollars" in his bank account.
Published on: February 22, 2025, 06:00 PM UTC
Berkshire Hathaway to Increase Ownership in Japanese Trading Houses: Buffett
Published on: February 22, 2025, 06:00 PM UTC
BMW delays plans to build electric Minis in Britain
Published on: February 22, 2025, 06:00 PM UTC
Despite a seemingly strong US economy, a widening wealth gap is driving spending, with the wealthy fueling growth while lower income Americans struggle financially. Consumer debt, credit card delinquencies, and nonprime borrower distress are on the rise, indicating potential vulnerability in the economy.
Published on: February 22, 2025, 05:00 PM UTC