business news

Eli Lilly’s post-earnings decline creates a buying opportunity for long-term investors

Eli Lilly ( LLY ) reported mixed fourth-quarter results Thursday morning, but we’re looking at the stock’s post-earnings selloff because there’s no change in the pharma giant’s bright long-term potential. Notably, the company’s potential blockbuster obesity drug remains on track to be approved by U.S. regulators until the second half of this year — encouraging …

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Zuckerberg’s ‘Year of Performance’ meta call was just what the Street needed

Mark Zuckerberg, CEO of Meta Platforms Inc., center, leaves federal court in San Jose, California, on Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images With a simple slogan, Meta CEO Mark Zuckerberg has temporarily quelled investor discontent over his company’s multibillion-dollar investment in the futuristic metaverse. “Our management theme for 2023 is …

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New York’s attorney general will seek sanctions against Trump

Former US President Donald Trump addresses the crowd during a 2024 campaign event in Columbia, South Carolina on January 28, 2023. Logan Cyrus | AFP | Getty Images The New York attorney general’s office said Tuesday it will ask a judge to sanction former President Donald Trump and his lawyers in a pending $250 million …

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Premier League signs deal with NFT-based fantasy football game Sorare

The Sorare NFT trading card football game has partnered with the Premier League under a multi-year licensing agreement. sister Sorare, the $4.3 billion fantasy soccer game, has signed a multi-year deal with the Premier League that will see it officially license cards of the world’s top soccer leagues. Players of the game will be able …

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Live Nation and Ticketmaster monopoly on live entertainment

The Senate Judiciary Committee held a hearing this week titled “That’s the Ticket: Promoting Competition and Protecting Consumers in Live Entertainment,” which focused on the state of Live Nation Entertainment and the lack of competition in the primary and secondary ticket markets. “I just want to dispel this notion that this is not a monopoly, …

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Tyr Nichols’ death has revived calls in Congress for police reforms

Protesters gather against the fatal police shooting of Tear Nichols outside the Coleman A. Young Community Center in Detroit, Michigan on January 27, 2023 – The US city of Memphis released a graphic video from January 27, 2023, depicting the fatal police shooting on 29- year-old black man as cities across the country prepare for …

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The Fed’s key measure eased, spending also eased

Consumers spent less in December, even as the Federal Reserve’s key inflation measure showed a slowdown in the pace of price increases, the Commerce Department said on Friday. Personal consumption expenditures, excluding food and energy, rose 4.4 percent from a year earlier, down from November’s 4.7 percent reading and in line with the Dow Jones …

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US GDP rose 2.9% in fourth quarter, more than expected, despite recession fears

The US economy ended 2022 in solid shape, although questions remain about whether growth will turn negative next year. Fourth-quarter gross domestic product, the sum of all goods and services produced in the period from October to December, rose 2.9 percent year-on-year, the Commerce Department said Thursday. Economists polled by Dow Jones had expected a …

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5 things you need to know before the stock market opens on Thursday, January 26

Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York, U.S., January 25, 2023. Andrew Kelly | Reuters Here are the top news investors need to start their trading day: 1. The march of earnings continues We’re deeper into earnings season, so investors are getting more and more data …

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