Despite the data indicating a robust U.S. economy, a significant portion of Americans hold the belief that the country is currently experiencing a recession. According to a survey conducted by Affirm with 2,000 adults, 3 in 5 respondents expressed concerns about the economic climate. These individuals pointed to rising costs and increased financial difficulty as
The recent introduction of the “Pharmacists Fight Back Act” by bipartisan lawmakers signals a significant step towards cracking down on the questionable business practices of pharmacy benefit managers (PBMs) in the drug supply chain. These middlemen have long been criticized for inflating prescription medication prices, harming U.S. patients and pharmacies, and failing to pass on
Coca-Cola recently announced an increase in its full-year outlook due to a rise in global demand for its drinks in the second quarter. The company now expects organic revenue growth between 9% to 10%, up from the previous forecast of 8% to 9%. Additionally, the outlook for comparable earnings growth has been raised to a
United Parcel Service reported a disappointing second-quarter performance, missing profit and revenue targets. The company’s revenue came in below expectations, leading to a 7% drop in share price during pre-market trading. UPS revised its 2024 revenue guidance downwards to approximately $93 billion, a significant decrease from its previous forecast of up to $94.5 billion. Profit
The upcoming launch of spot ether exchange traded funds on Tuesday has sparked excitement among crypto enthusiasts. This development is expected to pave the way for a broader investor base for Ethereum, a blockchain technology that many argue has a more extensive use case than bitcoin. These ETFs will directly invest in ether, which serves
As General Motors prepares to unveil its second-quarter results, analysts are optimistic about the company’s performance. With stable sales and vehicle prices reported in the first half of the year, GM is anticipated to lead the pack among traditional Detroit automakers. Wall Street has high hopes for the second quarter, with expectations set at an
Warner Bros. Discovery recently made a bold move by notifying the National Basketball Association (NBA) of its intention to exercise its matching rights for a package of games earmarked for another company. This strategic decision comes as the entertainment giant locks horns with other industry players in a bid to secure exclusive broadcasting rights for
The U.S. Securities and Exchange Commission has opened the doors for exchange-traded funds (ETFs) that hold ether, the second-largest cryptocurrency in the world. This move is expected to kick off trading as early as Tuesday. This approval marks a significant milestone in the world of digital assets and investment opportunities. Companies such as BlackRock, Fidelity,
With President Joe Biden no longer in the running for the next election, all eyes are on Vice President Kamala Harris as the frontrunner for the Democratic nomination. Although Harris has not yet released a detailed economic agenda, experts believe that some of her tax policies may align with Biden’s proposals, focusing on increasing taxes
Berkshire Hathaway’s recent decision to trim its gigantic Bank of America holding marks a significant shift in Warren Buffet’s investment strategy. After holding onto the bank’s shares for over 4½ years, the conglomerate sold 33.9 million shares in separate sales, totaling almost $1.5 billion. This move indicates that Berkshire may be looking to diversify its