Bristol Myers Squibb recently released its second-quarter earnings report, surpassing expectations and raising its full-year guidance. The pharmaceutical company reported a substantial increase in both earnings and revenue, prompting a surge in its stock price. This positive financial performance comes as Bristol Myers implements cost-cutting measures to streamline its operations and focus on key drug
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Living in a major city in Asia can be quite expensive, especially in financial hubs like Hong Kong and Singapore. According to data from Numbeo, the monthly rent in Shanghai’s city-center is around $2,700. However, in cities like Hong Kong and Singapore, the cost of living is even higher. A family of four can expect
This week marked a significant moment in the cryptocurrency markets as spot ether exchange-traded funds made their long-awaited debut. With Franklin Templeton leading the pack of nine applicants approved by the Securities and Exchange Commission, the introduction of these ETFs was met with both excitement and uncertainty. David Mann, the head of ETF product and
As Vice President Kamala Harris emerges as the Democratic nominee for president, her stance on affordable housing remains a crucial aspect of her policies. Throughout her career, Harris has been a vocal advocate for affordable housing, pushing for legislation and initiatives to protect homeowners and renters alike. As the former attorney general of California, Harris
In a surprising turn of events, Berkshire Hathaway has been steadily decreasing its investment in Bank of America over the past six trading days. The conglomerate, headed by Warren Buffett, sold off an additional 18.9 million shares of the bank at an average price of $42.46, generating $802.5 million. This brings the total number of
A recent study from the National Institute on Retirement Security revealed that many Americans, especially those who aren’t retired yet, have a limited understanding of their Social Security benefits. Only 11% of respondents claimed to know exactly how much they can expect to receive, while a significant portion expressed uncertainty or complete ignorance regarding their
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter, highlighting the challenges faced by airlines in an oversupplied U.S. market. The airline expects unit revenue to decrease by as much as 2% compared to the previous year, reflecting a trend of discounted ticket prices during what is typically a lucrative
American Airlines recently made headlines as it drastically slashed its profit forecast for the year. The airline giant attributed this disappointing adjustment to a failed sales strategy and an oversupply of flights across the industry. This move revealed a stark contrast between the initial forecast and the grim reality of the current market conditions. The
Unilever experienced a significant boost in its share price on Thursday morning after announcing an improved full-year margin guidance and confirming that the spinoff of its ice cream business is on track to be completed by the end of 2025. The shares surged by nearly 8% initially before stabilizing at a growth of around 5.45%
The British Labour government has revealed plans to update regulations for the “buy now, pay later” industry in the near future. This move aims to protect consumers and provide more certainty in the sector. However, the specifics of these regulations and their potential impacts remain to be seen. One of the primary reasons for the