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Wall Street edges back from its records as its busy week picks up momentum
U.S. stock indexes are edging back from their record levels on Tuesday as an incredibly busy week for Wall Street picks up momentum. The S&P 500 was down 0.2% in midday trading after setting an all
Trump threatens India with tariffs as high as 25%
President Donald Trump on Tuesday threatened to raise tariffs on Indian imports as high as 25% if the allied nations cannot complete a long-sought trade agreement.
Norfolk Stock Drops on Union Pacific Merger. That Isn’t Supposed to Happen.
Tuesday, railroad Norfolk Southern announced second quarter earnings and, more important, a plan to merge with Union Pacific.
The bad-news-is-good-news stock market
In response, the overall stock market rose 11%. Or take a rising price/earnings ratio, which was the source of the market’s rally in the face of a falling EPS. The “normal” historical pattern is for
Novo Nordisk Shares Plummet as Competition Weighs on Sales
The pharma giant cut its guidance and named a new CEO, hoping to revive growth. Its stock fell as much as 30%, wiping almost $93 billion from its market value.
Blackstone's Wesley LePatner, a mentor to women and real estate investing leader, killed in NYC office shooting
Wesley LePatner was Blackstone's head of real estate and CEO of an evergreen real estate fund. She was a victim of Monday's NYC shooting.
The maker of Tide and Charmin said it will raise prices in part because of tariffs
Procter & Gamble, the maker of a number of household staples including Tide detergent and Charmin toilet paper,
Union Pacific Forges Rail Behemoth in $72 Billion Norfolk Deal
Union Pacific Corp. agreed to acquire Norfolk Southern Corp. in a $72 billion cash-and-stock transaction, forming the only US transcontinental railroad in what stands to be the industry’s largest
UnitedHealth falls short of second quarter expectations and offers weak outlook for 2025
UnitedHealth missed Wall Street’s second-quarter earnings expectations and offered an updated, and conservative take on the rest of 2025. The health care giant said Tuesday that it expects rising
What's Next For Trade As Tariff Deadline Approaches
As another tariff deadline looms, more twists in trade policy could be ahead. Higher "reciprocal" tariffs are expected to be imposed on at least two dozen countries starting Friday, August 1. The
The Obesity Bubble Has Finally Burst. Novo Nordisk Shares Drop 21%.
The drugmaker unexpectedly cuts its full-year guidance, citing lower sales expectations for its blockbuster drugs Wegovy and Ozempic in the U.S. market.
UnitedHealth Group Stock Opens at 5-Year Low as Profit Disappoints
Shares of UnitedHealth Group (UNH) opened at their lowest point since early 2020 as the health insurance giant's second-quarter profit came in worse than analysts had forecast. The insurer posted
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