Amgen’s stock experienced a significant surge of more than 12% following the release of positive initial data on its experimental weight loss injection, MariTide. The market’s reaction to this news highlighted investor concerns about new competition in the weight loss drug industry, leading to decreases in the stock prices of current obesity medication players such
The cost of running a family office has surged in recent years, with the average annual expenditure now exceeding $3 million. This spike is attributed to the intense competition for top talent in the industry, which has driven up staffing expenses significantly. According to the J.P. Morgan Private Bank Global Family Office Report, wealthy families
Coinbase, a leading platform for trading digital assets, has exceeded analysts’ expectations in its first-quarter earnings report. The company reported earnings of $4.40 per share, significantly higher than the average analyst estimate of $1.09. This marks a substantial improvement from a year ago when the company faced a loss of $78.9 million, or 34 cents
A former trader at Societe Generale, Kavish Kataria, recently spoke out against the French bank for what he believes was an unjust termination. Kataria claims that he was made a “scapegoat” after being fired for unauthorized risky bets, while the bank failed to acknowledge its own share of responsibility for the oversight in monitoring the
When it comes to renting a place in a major city in Asia, the costs can vary significantly. According to data gathered in April from various sources, the median rental prices for 1-bedroom apartments across major cities in Asia were compiled. These rental prices were based on the median buying price per square meter in
The U.S. Department of Education recently announced that it will be transferring some student loan borrowers currently serviced by Mohela to different servicers. This change will impact more than 1 million borrowers under Mohela’s management. The Department of Education contracts with various companies to service federal student loans, including Mohela, Nelnet, and EdFinancial, paying them
Wayfair’s sales declined in the first quarter, however, the online furniture retailer managed to decrease its losses after implementing a workforce reduction at the beginning of the year. The company exceeded Wall Street’s expectations in terms of revenue and posted a growth in active customers compared to the previous year. The company reported a loss
Carvana, the online auto retailer, experienced a surge in its stock value of over 30% during after-hours trading following a stellar performance in the first quarter. The company reported record-breaking results that exceeded market expectations. This included achieving earnings per share of 23 cents, which was a significant improvement from the expected loss of 74
CVS Health recently announced its first-quarter revenue and adjusted earnings, falling short of expectations and leading to a significant drop in share prices. The company reduced its full-year profit outlook due to higher medical costs impacting the U.S. insurance industry. These challenges caused shares to plummet by almost 18%, marking the worst day for the
The recent announcement from the Federal Reserve to leave interest rates unchanged has sent waves of disappointment through the market. This decision was made due to the persistent issue of inflation, which has proven to be stickier than anticipated. The CME’s FedWatch measure of futures market pricing indicates that the market is now pricing in