Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The Dow Jones Industrial Average reached a milestone Thursday that seemed unfathomable a year ago. The 30-stock benchmark broke above 40,000 for the first time. The move comes as investors cheer the prospects of artificial intelligence boosting corporate profits and […]
A United Airlines 737 Max 8 Leslie Josephs | CNBC United Airlines said the Federal Aviation Administration has cleared it to add new aircraft and routes months after the regulator stepped up its scrutiny of the carrier after several safety incidents. “Today, we got some good news: after a careful review and discussion about the […]
The Consumer Financial Protection Bureau headquarters in Washington, D.C., on May 14, 2021. Andrew Kelly | Reuters The Supreme Court ruled Thursday that the funding structure of the Consumer Financial Protection Bureau is legal. The court in a 7-2 decision rejected an argument that the CFPB’s funding method violated the U.S. Constitution because Congress does […]
A logo at the Roche Holding AG headquarters in Basel, Switzerland, on Thursday, Feb. 1, 2024. Bloomberg | Getty Images Roche on Thursday said its experimental weight loss drug showed promising results in an early-stage trial, boosting the company’s bid to compete in the booming market for those treatments. The Swiss company joined a slate of […]
Warren Buffett’s purchase of a 6.4% stake in Chubb makes perfect sense as the insurer checks all the boxes of the Oracle of Omaha’s investment criteria, according to Deutsche Bank. “We believe that Chubb is an ideal fit for Warren Buffett’s investment philosophy, characterized by high-quality business with strong [returns on equity], a robust economic […]
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday. “We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are […]
Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022. Andrew Kelly | Reuters Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year. […]
Liu Jie/Xinhua via Getty Images Information about Wednesday’s critical consumer price index release circulated early on the Bureau of Labor Statistics website, according to a statement from the agency. “In advance of [Wednesday’s] CPI and Real Earnings releases, BLS inadvertently loaded a subset of files to the website approximately 30 minutes prior to the release,” […]
