Business

A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Patients, doctors and investors will soon learn a lot more about a new, more convenient treatment that could shake up the booming weight loss drug market. Eli Lilly plans to

A view of the Ant Group buildings in Chongqing, China, on March 23, 2025. Cfoto | Future Publishing | Getty Images BEIJING — Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors for building more efficient artificial intelligence models, according to a source familiar with the matter. The combination of chips not only reduces

Darden Restaurants on Thursday reported weaker-than-expected sales as Olive Garden and LongHorn Steakhouse underperformed analysts’ projections. The restaurant company blamed weather for the sales slowdown and maintained its full-year forecast, lifting investors’ confidence that the rough quarter was a blip. Darden shares rose 5% Thursday. Here’s what the company reported compared with what Wall Street

Fang Dongxu/VCG via Getty Images There was an oft-repeated message in Federal Reserve chair Jerome Powell’s press conference on Wednesday: Tariffs will raise consumer prices. The U.S. central bank raised its inflation forecast for 2025, as have many economists, due to the expected impact of a trade war initiated by the Trump administration. “A good

Related Group CEO Jon Paul Pérez. Courtesy of Future Proof and Triangle BLVD Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group. President Donald Trump has imposed 25% tariffs on

Investors may want to get back to the basics when it comes to navigating the stock market volatility. According to F/m Investments CEO Alex Morris, they should consider increasing their exposure to bonds. “Particularly on the short end of the curve … there’s a lot of safe haven to be had there,” Morris said on

A piece of Paris has landed in New York City. French luxury retailer Printemps officially opened its first U.S. store this week in the city’s Financial District. The retailer celebrated its opening on Friday, which coincided with the start of spring — its namesake. The 55,000-square-foot store spans two floors and carries a wide range

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.  Spencer Platt | Getty Images Stock market corrections are common First, there is some consolation for investors. Though they may feel painful, stock market corrections are fairly common. There have been 27 market corrections since November 1974, including last

London’s Heathrow Airport closed Friday after a fire at a nearby electrical substation caused a power outage, disrupting travel for tens of thousands of passengers planning to fly in or out of Europe’s busiest airport. The first flight since the closure departed late Friday local time, and Heathrow posted on X that it hopes to

Urban buildings in Huai’an city, Jiangsu province, China, on March 18, 2025. Cfoto | Future Publishing | Getty Images BEIJING — UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing. “After four or five years of a downward cycle, we have begun to see

Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter as the sneaker giant contends with new tariffs, sliding consumer confidence and a slower than expected turnaround. In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in the fiscal fourth quarter,

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday there could be another painful period of volatility on the horizon as the fixed income guru sees heighted risk of a recession. “I believe that investors should have already upgraded their

The Boston Celtics hang the 2024 NBA championship banner at TD Garden. Danielle Parhizkaran | Boston Globe | Getty Images A group led by private equity executive Bill Chisholm is buying the National Basketball Association’s reigning champion Boston Celtics at a valuation of $6.1 billion, the team’s ownership announced Thursday. Private equity firm Sixth Street

WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted

Ahmad Rashad and Willow Bay look on during an Inside Stuff Episode taping circa 1993 in Secaucus, New Jersey. Nathaniel S. Butler | National Basketball Association | Getty Images The NBA is quietly preparing to bring back its iconic show “NBA Inside Stuff.” On Monday, the league filed two trademark applications for “NBA Inside Stuff,”

Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump‘s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build … AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said

Butch Wilmore and Suni Williams and two other astronauts descend in the Crew Dragon spacecraft to their splashdown, following their return to earth from the International Space Station off the coast of Florida, U.S. March 18, 2025 in a still image from video. NASA TV | Via Reuters The two U.S. astronauts who had been

Spencer Platt | Getty Images Individual investors, whose assets are more tied to the stock market than ever, have abandoned their tried-and-true dip-buying mentality as the S&P 500 recently fell into a painful, 10% correction. Retail outflows from U.S. equities rose to about $4 billion over the past two weeks as tariff chaos and mounting