The stock reaction on Wednesday appeared to be in response to new bipartisan legislation that aims to break up pharmacy benefit managers.
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Costco beats on earnings as e-commerce sales jump
Costco drew stronger online sales and higher traffic, as shoppers bought jewelry, luggage and more.
Continue readingFlushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds
Banks with commercial real estate exposure have struggled after the Federal Reserve hiked interest rates through 2023, leaving them with unrealized losses.
Continue readingSports super agent Scott Boras says Juan Soto’s Mets contract wasn’t just about the money
The New York Mets signed four-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract.
Continue readingWarner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
Warner Bros. announced a restructuring plan to segment its business into linear and streaming units in a move that could simplify future consolidation.
Continue readingUnitedHealth Group CEO addresses Brian Thompson death, says health-care system is ‘flawed’
In a New York Times opinion piece, Witty made his first public comments since last week’s fatal shooting of Thompson.
Continue readingOver $100 trillion in wealth is about to be inherited — here are the biggest winners
With more women, millennials and Gen Zers set to join the ranks of the newly rich, the face of American wealth is set for its […]
Continue readingFrom Chili’s to burger chains, here are the restaurant industry winners and losers in 2024
Chili’s, Taco Bell and the casual-dining segment were some of the big winners in the restaurant industry this year.
Continue readingMcDonald’s to invest more than $100 million to speed up recovery after E. coli outbreak
This week, the company completed the return of Quarter Pounder burgers, with slivered onions, to all restaurant menus nationwide.
Continue readingJake Paul, Mike Tyson fight breaks record for biggest boxing gate outside of Las Vegas
The fight’s promoter, Most Valuable Promotions, told CNBC it expects more than 70,000 people to attend the Friday night bout at AT&T Stadium in Arlington, […]
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