Campbell Soup will buy maker of Rao's sauces for $2.7 billion
Campbell Soup is set to buy Sovos Brands, the maker of Rao’s pasta sauces
2023-08-08 22:45
Soaring sales of diabetes drug Mounjaro, widely used for weight loss, sends Eli Lilly to new heights
Eli Lilly’s diabetes treatment Mounjaro, which is widely used for weight loss, raked in nearly $1 billion in second-quarter sales, or more than $200 million above what Wall Street had expected
2023-08-08 22:25
Italy proposes bank tax to help people with interest rate hikes, sending stocks plunging
Italian bank stocks have plunged after the Cabinet approved a proposal to apply a temporary tax on some 2023 bank profits
2023-08-08 21:27
Nonprofits are lobbying a lot less than two decades ago, according to new research
A generation ago nonprofit organizations regularly lobbied for legislation and served as advocates on issues
2023-08-08 20:26
UPS lowers 2023 revenue expectations, citing tentative labor deal with 340,000 unionized workers
Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion, primarily due to a tentative labor contract reached late last month with its 340,000 unionized workers
2023-08-08 19:53
US inflation has steadily cooled. Getting it down to the Fed's target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years
2023-08-08 18:45
Stock market today: Global markets lower ahead of US inflation update
Global stock markets and Wall Street futures are lower ahead of this week's U.S. inflation update
2023-08-08 17:20
Biden to announce historic Grand Canyon monument designation during Arizona visit
President Joe Biden will use his visit to Arizona to formally announce a national monument designation for the greater Grand Canyon
2023-08-08 15:57
China's July exports tumble by double digits, adding to pressure to shore up flagging economy
China's exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump
2023-08-08 14:22
Biden will tout long-sought Grand Canyon monument designation during Arizona visit
President Joe Biden will announce a new national monument to preserve land around Grand Canyon National Park and limit it from mining
2023-08-08 08:50
Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
A new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy
2023-08-08 05:22
Simon & Schuster purchased by private equity firm KKR for $1.62 billion
Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink in the book market
2023-08-08 04:59