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Finance
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
The injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois.Scott Olson | Getty ImagesDanish pharmaceutical giant…
Standard Chartered first quarter profit rises 5.5%, beats estimates
Standard Chartered posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused…
Florida real estate struggles as ‘motivated’ sellers flood market
Once a red-hot destination for out-of-state homebuyers, Florida is seeing its inventory of homes for sale skyrocket and price growth stagnate."Florida is very unique," Redfin's…
Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois.Scott Olson | Getty ImagesWhen mortgage rates rise, consumers look for any…
NYCB shares jump 30% after CEO gives two-year plan for ‘clear path to profitability’
A New York Community Bank stands in Brooklyn, New York City, on Feb. 8, 2024.Spencer Platt | Getty ImagesNew York Community Bank on Wednesday posted a quarterly loss of $335…
Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
Qualcomm CEO Cristiano Amon responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, on Jan. 10,…
Stocks making the biggest moves after hours: eBay, Qualcomm, DoorDash, Carvana and more
Check out the companies making headlines in extended trading: DoorDash — Shares of the food delivery company tumbled 13% after its first-quarter report revealed a…
DoubleLine’s Jeffrey Gundlach sees one rate cut this year as the Fed keeps up inflation fight
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday that he now sees no more than one interest rate cut this year as the Federal Reserve keeps policy tight to fight stubborn…
Here’s what changed in the new Fed statement
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., on…
Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3,…