Inflation and interest rates tend to move in the same direction, because interest rates are the primary tool used by the U.S. central bank to manage inflation. The Federal Reserve Act directs the Fed to promote maximum employment and stable prices. Since 2012 the Federal Reserve has targeted an annual inflation rate of 2% as […]
Business and Finance
financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.
Walgreens Boots Alliance (WBA -0.83%) is a household name in the country and the pharmacy retailer is a trusted brand for millions of customers. But the business has had a difficult time generating any meaningful growth. It has pivoted to healthcare and the launch of primary clinics, but this move could take years to pay
Elon Musk says Rivian needs to ‘cut costs massively’ and its execs should ‘live in the factory’ or the Tesla rival will die
Elon Musk is not surprised by the bad news hitting Tesla rival Rivian. He’s been warning about it for some time. On Wednesday, Rivian announced a disappointing quarter and outlook and said it would cut its salaried workforce by roughly 10%. Shortly after, Musk wrote on X that the rival maker of electric vehicles would
Sonja Prokopec took her son on their first “solo” trip together when he was six years old. They went to Rome, and it was so memorable that Prokopec said she’s now planning their second trip this summer. “I really enjoy one-on-one time which we have when travelling alone,” she said. “There are no distractions, no
Clinuvel Pharmaceuticals Limited (OTCPK:CLVLY) Q2 2023 Earnings Call Transcript February 22, 2024 2:00 AM ET Company Participants Verity Wai-Smith – Monsoon Communications Malcolm Bull – Head of Australian Operations and Investor Relations Darren Keamy – Chief Financial Officer Lachlan Hay – Director of Global Operations Verity Wai-Smith Good evening, everyone. I’m Verity from Monsoon Communications.
Key Takeaways I bonds purchased between May and November 2022 initially paid 9.62%. But today’s return on those bonds is under 4%. At the same time, CD rates have skyrocketed, with dozens of the best nationwide CDs currently paying above 5% APY. That makes it a smart time to move I bond money to a
Image source: The Motley Fool. Maravai LifeSciences (MRVI -2.85%)Q4 2023 Earnings CallFeb 22, 2024, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, and thank you for standing by. At this time, we would like to welcome everyone to the Q4 2023 Maravai LifeSciences earnings conference call. [Operator
(Bloomberg) — A Fidelity International money manager has sold the vast majority of US Treasuries from funds he oversees on expectations the world’s biggest economy still has room to expand. Most Read from Bloomberg Singapore-based George Efstathopoulos, who helps manage about $3 billion of income and growth strategies at Fidelity, sold the bulk of his
Coterra Energy slightly missed earnings expectations on Thursday, but the oil and natural gas producer delivered where it matters most: free cash flow. Revenue for the three months ended Dec. 31 fell 30% year over year to $1.596 billion, outpacing the consensus forecast of $1.528 billion, according to analyst estimates compiled by LSEG. Adjusted diluted
Telix Pharmaceuticals Limited (OTCPK:TLPPF) Q4 2023 Earnings Conference Call February 22, 2024 5:00 PM ET Company Participants Kyahn Williamson – Senior Vice President of Investor Relations & Corporate Communications Christian Behrenbruch – Managing Director & Group Chief Executive Officer Darren Smith – Group Chief Financial Officer David Cade – Group Chief Medical Officer Conference Call