Eli Lilly has announced a $400m reduction in its 2024 revenue forecast, marking a 3% shortfall from its October 2024 guidance. The revised outlook, discussed at the JP Morgan Healthcare Conference 2025 on 14 January, has been attributed to stocking levels and unexpected market dynamics in Q4 2024 in the diabetes glucagon-like peptide-1 receptor agonist […]

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street surged Wednesday thanks to the second encouraging inflation report this week and a batch of strong bank earnings. The consumer price index, excluding

KEY TAKEAWAYS More than 2 million borrowers enrolled in the Saving for a Valuable Education (SAVE) plan live in states that are fighting to block the program. The SAVE plan is currently entangled in two significant lawsuits with Republican-led states. The uncertainty has led to forbearance for millions of borrowers. Many borrowers worry that the

US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed key prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.7%, while the Dow Jones Industrial Average (^DJI) rose more than 1.6%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) soared

By Mimosa Spencer PARIS (Reuters) – Global luxury goods companies are expected to pull out all the stops this year to persuade U.S. shoppers to splash out on diamond bracelets, quilted leather handbags and other designer fashions, given forecasts for more market weakness in China. Retail executives are looking to tap into wealth in the

Supporters of Israeli hostages, who were kidnapped during the deadly October 7 2023 attack by Hamas, react to news on the Gaza ceasefire negotiations, during a protest to demand a deal to bring every hostage home, in Tel Aviv, Israel, January 15, 2025.  Ronen Zvulun | Reuters Israel and Hamas reached a deal Wednesday for

The stock market was having a strong day on Wednesday, with the S&P 500 (^GSPC 1.47%) and Nasdaq Composite (^IXIC 1.86%) higher by 1.6% and 1.9% as of 10 a.m. ET. But the big bank stocks are leading the way, with several major U.S. financial institutions spiking higher. In fact, Wells Fargo (WFC 6.04%), Goldman

Buying or selling a home is not an easy feat. In fact, according to a Redfin survey, 59% of U.S. homebuyers think purchasing a home is more stressful than dating. Despite this stress and high prices, real estate remains a valuable investment. Working with a realtor can help alleviate some of this anxiety by guiding

Jamie Dimon agreed Wednesday with an analyst’s assessment that his “base case” for stepping down as JPMorgan Chase CEO is a few years from now. The new comments on succession came one day after the nation’s largest bank announced a management reshuffling that raised new questions about the race to succeed the 68-year-old Dimon, the

Phoenix Centurion Lounge location (Photo by Sally French) The Phoenix Centurion Lounge is located in Terminal 4, across from Gate B22. To get there, you’ll pass through a set of double doors shared with the Escape Lounge, which is also affiliated with American Express. As a cardholder, you might choose to visit that lounge instead,