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Bank of America reveals costly wedding inflation problem
TheStreet36d agoneutral
Bank of America reveals costly wedding inflation problem

Sticky inflation just showed up in a place we’d rather not put in a spreadsheet. That inflation setup fits Bank of America’s latest report shared with me, which shows the pressure building in categories couples actually buy into. The note shows consumers are still spending a ton on ...

CMA CGM hires FedEx executive Moebel to lead Ceva Logistics
FreightWaves36d agoneutral
CMA CGM hires FedEx executive Moebel to lead Ceva Logistics

Patrick Moebel, who spent years running FedEx Logistics and Geodis’s North American business, was named CEO of Ceva Logistics on Wednesday. The post CMA CGM hires FedEx executive Moebel to lead Ceva Logistics appeared first on FreightWaves.

Judge blocks Colorado's first-of-its-kind price cap on Amgen's Enbrel
Reuters36d agoneutral
Judge blocks Colorado's first-of-its-kind price cap on Amgen's Enbrel

July 1 (Reuters) - A federal judge on Wednesday blocked Colorado from capping the price of Amgen's blockbuster arthritis drug Enbrel, a first-of-its-kind move ‌by a U. In granting a preliminary injunction, Chief Judge Daniel Domenico ‌of the Denver federal court said Amgen would likely face significant and irreparable harm from charging lower prices, ​adding that it could affect the drugmaker's negotiations for future contracts with wholesalers and distributors.

Alibaba to pay US $600M to settle allegations it allowed illegal drug and equipment sales
Associated Press36d agoneutral
Alibaba to pay US $600M to settle allegations it allowed illegal drug and equipment sales

The Chinese tech giant Alibaba will pay $600 million to resolve a dispute with the U.S. government over allegations that the Hangzhou-based firm sold and imported illegal pharmaceuticals, controlled substances, regulated chemicals, and pill-making equipment into the U.S. Alibaba operates some of the world's largest e-commerce platforms, including Alibaba.com and AliExpress.com. The U.S. alleges that Alibaba’s U.S.-based payment processor, AUS Merchant Services, violated federal law by failing to prevent merchants from selling and importing illegal products into the U.S. through Alibaba.com and AliExpress.com.

Hollywood director jailed for betting Netflix money on crypto
TheStreet36d agoneutral
Hollywood director jailed for betting Netflix money on crypto

A Hollywood director who took $11 million from Netflix for a science fiction series but quietly moved the money into crypto markets instead, has been sentenced to 30 months in federal prison. According to the court filing, Carl Erik Rinsch, best known for directing Keanu Reeves in the 2013 film "47 ...

Bloomberg36d agoneutral
Wall Street Worries Less Fed Talk Will Spur Market Volatility

(Bloomberg) -- It’s only been a few weeks since Kevin Warsh took the helm of the Federal Reserve, but analysts are already concerned that one of his key promises — a quieter central bank — will lead to more volatility in the market.Most Read from BloombergMeta Is Planning a Cloud Business to Sell AI Computing PowerSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsDemocratic Socialist Ousts 15-Term House Incumbent in ColoradoUS Deci

1 Masterclass in Pricing Power Makes Altria an Absolute Sanctuary for Retirees
24/7 Wall St.36d agoneutral
1 Masterclass in Pricing Power Makes Altria an Absolute Sanctuary for Retirees

Altria has become a magnet for income-focused capital this year, with the stock climbing 32.55% year-to-date as retirees hunt for inflation hedges while the Fed has cut its target rate to 3.75%. Altria (NYSE:MO) sells Marlboro, Copenhagen, Skoal, on! nicotine pouches and NJOY e-vapor, and its smokeable engine just posted a 65.1% operating margin. The ... 1 Masterclass in Pricing Power Makes Altria an Absolute Sanctuary for Retirees

Trump doubles down on Axon stock before major federal agency expansion
TheStreet36d agoneutral
Trump doubles down on Axon stock before major federal agency expansion

President Donald Trump bought a sizable stake in Axon Enterprise this year, the maker of the taser and a growing lineup of policing technology. Two weeks later, Immigration and Customs Enforcement asked vendors for thousands of new tasers built to specifications that experts say match only ...

Parents deliver Macy's and Kohl's disappointing retail news
TheStreet36d agoneutral
Parents deliver Macy's and Kohl's disappointing retail news

Parents are planning to spend almost $500 per child this back-to-school season, but most won't be shopping at Macy's or Kohl's. Retail giant Walmart is the overwhelming first choice as consumers prioritize value and convenience. Despite rising prices driven by inflation and the high cost of ...

Goldman Sachs makes big change to its recession call
TheStreet36d agoneutral
Goldman Sachs makes big change to its recession call

Three months ago, Goldman Sachs was warning clients that the U.S. economy had a one-in-four chance of tipping into recession. The bank just cut that number by 10 percentage points, and the reason has nothing to do with anything the Federal Reserve did. Goldman Sachs chief economist Jan Hatzius ...

The Safest Dividend Plays of 2026: 5 High-Yield, Low-PE Dividend Aristocrats
24/7 Wall St.36d agoneutral
The Safest Dividend Plays of 2026: 5 High-Yield, Low-PE Dividend Aristocrats

The S&P 500 is up about 10% this year, yet 80% of that gain comes from technology stocks, many of which are tied to artificial intelligence. With interest rates and energy prices spiraling higher, and inflation clearly not under control, those willing to put any new money to work in stocks should likely be extremely ... The Safest Dividend Plays of 2026: 5 High-Yield, Low-PE Dividend Aristocrats