Tag: online shopping

The pharmaceutical industry and pharmacy benefit managers (PBMs) are at odds in Washington, D.C., as drug companies push for policies that would benefit patients at the expense of PBM profits. PBMs, such as CVS Caremark, defend their value in the healthcare system, while scrutiny from policymakers intensifies and new models for low-cost prescription access emerge.

Published on: February 20, 2025, 03:01 AM UTC

Capstone Copper Corp. (CSFFF) reported fourth-quarter profit of $45.9 million, or 6 cents per share. Adjusted earnings were 4 cents per share. Revenue totaled $446.9 million. For the year, the company reported profit of $82.9 million, or 11 cents per share, on revenue of $1.6 billion.

Published on: February 19, 2025, 11:05 PM UTC

Intel stock jumped 16% following reports that rivals Broadcom and TSMC are exploring potential deals to split the chipmaker into two.

Published on: February 19, 2025, 08:02 AM UTC

Perplexity releases Deep Research, a free AI research tool that provides detailed answers with citations. It excels in expert-level tasks and outperforms other AI models on Humanity's Last Exam.

Published on: February 15, 2025, 07:00 PM UTC

Inflation has been on the rise, with the latest Consumer Price Index (CPI) results showing a year-over-year increase of 3% and a 0.5% increase from December. This is the largest month-over-month increase in CPI results since August 2023. Despite rising wages and a solid job market, many consumers are still feeling the pinch of higher prices, especially in areas like housing, tuition, and healthcare.

Published on: February 15, 2025, 03:00 PM UTC

Tesla's CEO Elon Musk's bid for OpenAI raises concerns about distractions and sales impact, as analysts see increased risks and competition in the electric vehicle and autonomous driving markets.

Published on: February 12, 2025, 03:03 PM UTC

Super Micro Computer (SMCI) stock fluctuates after reporting delayed SEC filings and preliminary earnings that missed estimates. The company faces DOJ investigation and Nasdaq delisting risk, but has hired a new accountant and an independent review found no misconduct.

Published on: February 12, 2025, 04:01 AM UTC

The US has announced plans to impose tariffs on steel and aluminium imports and raise rates to match those of other countries. The EU, the US's largest trading partner, has threatened to "respond firmly" if it is targeted unfairly. Retaliatory tariffs, anti-coercion instruments, and regulatory action against big tech firms are possible courses of action for the EU.

Published on: February 10, 2025, 02:00 PM UTC

Despite looming tariffs, the stock market continues to trade near record highs. Earnings are the most important driver of stock prices, and while tariffs could negatively impact earnings, the market remains positive due to the expectation of ongoing earnings growth. Economic data shows strong demand for goods and services, and the economy continues to grow despite normalization from earlier levels. The market is decoupled from sentiment data, which remains relatively poor, but hard economic data continues to hold up. Analysts predict US stock market outperformance due to positive operating leverage. While risks include political uncertainty, geopolitical turmoil, and recessions, the long game of investing remains favorable due to the expectation of economic and market recovery over time.

Published on: February 10, 2025, 10:01 AM UTC

Oil rises after sliding to lowest level this year amid Trump's trade tariffs and Gaza comments

Published on: February 06, 2025, 11:01 AM UTC