'A disappointment to home buyers': Mortgage rates surge to a two-month high
"Mortgage rates should come down over the next couple of months; however, timing does matter," she added. "If rates stay elevated into November - and if there is any chaos following the Presidential ...
Elevance Health's stock slumps 13% as profit dented by 'unprecedented' Medicaid challenges
Elevance Health Inc.'s stock tumbled 13% Thursday and weighed on rivals after the health insurer's third-quarter profit fell short of estimates amid "unprecedented" challenges in the Medicaid business ...
Barry Callebaut's Wide Moat Supports Growth Story, but Execution Is Key During the Strategic Reset
Logistical risks arise from the supply chain: Barry Callebaut processes cocoa locally but ships it to plants closer to its customers for chocolate manufacturing. The company needs to manage each stage ...
Cohen & Steers' AUM Levels Recover to $91.8 Billion on Solidly Positive Flows and Market Gains
Some of this could be due to the diversification of Cohen & Steers' portfolio (with 34% of AUM from globally listed infrastructure funds, preferred securities, and other investment vehicles), but ...
Kerry's High Added-Value Offering Should Support Profitable Growth
These holistic collaborations with a range of customers from various end-use segments and geographies produce essential market and consumer insights that enrich Kerry's service offering, a virtuous ...
U.S. Crude Oil Stockpiles Fall Unexpectedly
U.S. crude oil production rose by 100,000 barrels a day to a record 13.5 million barrels a day, according to the EIA. Crude imports fell by 710,000 barrels a day to 5.5 million barrels a day, and ...
AbbVie wins FDA nod for infusion treatment for advanced Parkinson's disease
AbbVie Inc. said Thursday the Food and Drug Administration has approved its vyalev as the first and only subcutaneous 24-hour continuous infusion of levodopa-based therapy for the treatment of motor ...
LVMH executive says it would be a mistake to offer more affordable products. Here's why he's right.
While speaking during the company's third-quarter earnings call, Guiony was asked if the recent 3% year-over-year sales decline could be counteracted by offering products at lower prices to attract ...
Oil prices climb after a 4-day slide as U.S. supplies show a surprise weekly decline
Separately, the EIA reported Thursday that U.S. natural-gas supplies in storage rose by 76 billion cubic feet for the week that ended Oct. 11. That nearly matched the average forecast increase of 75 ...
Spotify Should Maintain Its Lead in Music Streaming, and the Market Has Ample Room to Grow
Spotify is in excellent financial health. It ended June 2024 with almost EUR 3 billion in net cash and another EUR 1.5 billion in short-term investments. The firm has consistently generated positive ...
Sirius XM Offers Insufficient Differentiation in Competing Against Music Streamers
Sirius XM’s new offerings and capabilities—including an app-only subscription, better compatibility to vehicles, and more ad-supported plans—should make its service more competitive with more ...
U.S. business inventories expand for fifth straight month in August, bolstering economic outlook
Business inventories rose 0.3% for the second straight month and for the fifth straight month overall in August, the Commerce Department said Thursday. The gain is in line with the forecast of ...